COALspot.com keeps you connected across the coal world
  • MAY 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 61.11 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Tuesday, 29 May 18
BLOCKCHAIN CAN HAVE A TRANSFORMATIVE EFFECT ON THE SHIPPING INDUSTRY
UK P&I ClubKNOWLEDGE TO ELEVATE

Following the launch of a legal briefing on blockchain contracts from UK P&I Club, Claims Executive, Filip Koscielecki explains how the technology can be hugely beneficial for the shipping sector:
 
“Blockchain is the new buzzword in the shipping industry that is increasingly difficult to get away from. Many within the sector, however, are still wondering what blockchain technology is and how it works.
 
Blockchain explained
“Blockchain is essentially an online communication protocol allowing users who are interdependent to participate in a transaction, without any one user having more control over the transaction than the other users. All parties to the transaction have access to the same information and no one party can attempt to amend or vary the transaction unilaterally without acquiring the permission of the others.
 
“The whole process is guarded by sophisticated cryptography and the exact copies of the transaction’s ledger are distributed amongst the participants, making it is virtually impossible for the transaction to be manipulated by an external party.
 
Blockchain and shipping
“Blockchain could be harnessed in any scenario where multiple parties have to exchange a plethora of information in order to achieve an overarching goal, for example, the shipping of goods.
 
“For goods to be moved from one continent to another, numerous parties have to reach agreements by entering into contracts which will govern the various steps of this process. Some of these agreements, such as sales contracts, will provide an overarching roadmap for the desired outcome. Other contracts such as charter parties and bills of lading will then have to be entered into to facilitate this performance.
 
“Blockchain can enable a conversion of the contractual terms and conditions into self-executable computer software which automatically implements and polices the terms and conditions between the parties to the contract. As the technology progresses, the prospects are that natural language contracts might even be done away with completely and be replaced with a contract made entirely of code.
 
“The potential benefits from using smart contracts in shipping are substantial. Smart contracts can have a transformative effect on the maritime industry, leading to increased accuracy, security and transparency, as well as decreased reliance on intermediaries and savings of time.
 
“The predicted overall impact of blockchain and smart contracts on trade is significant. The World Economic Forum estimates that 10% of GDP will be stored on blockchain by 2027. . The first contracts to benefit from blockchain technologies are likely to be main underlying agreements like sales or trade contracts, charter parties and bills of lading.
 
Legal hurdles
“Due to the cross jurisdictional nature of the majority of blockchain contracts, basic contractual concepts such as ‘ownership’ or ‘title to goods’ can put hurdles in the way of their execution. The recognition of blockchain contracts by key jurisdictions will be crucial to securing parties’ rights of enforcement.
 
“However, electronic means for transmitting and exchanging information have been available for some time. Most jurisdictions therefore, no longer challenge the possibility for contracts to be created electronically.
 
“As the smart contracts technology is still in its infancy, we are yet to see how legal issues surrounding it will be resolved. Nevertheless, smart contracts will gradually become pervasive in the wider maritime industry. They offer a practical solution to issues which have negatively impacted trade for years. In time, law and regulations will undoubtedly develop to accommodate this impending commercial revolution and the uncertainties surrounding smart contracts will then gradually diminish.”
Source: UK P&I Club


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 03 June 20
MARKET INSIGHT - INTERMODAL
Once again shipping is about to venture into uncharted waters and before the challenges of the past decade are forgotten, shipowners will have to o ...


Tuesday, 02 June 20
KOSPO LOOKING FOR 80000 MT OF 4200 NCV COAL FOR JULY
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 Metric Tons (MT) 4200 NCV coal for 12 - 21, July ...


Tuesday, 02 June 20
INDONESIAN COAL MINER BUMI RESOURCES Q1 OUTPUT UP 5% - REUTERS
Indonesia’s largest coal miner Bumi Resources posted a 5% increase in first-quarter output at 20.8 million tonnes, the company said in a stat ...


Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.   The index, released by Chi ...


Tuesday, 02 June 20
THE HISTORIC DECLINE OF US COAL - WOOD MACKENZIE
The first commercial power plant in the US was Thomas Edison’s coal-fired Pearl Street station in lower Manhattan, which started operating in ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5937
News by Category
Popular News
 
Total Members : 26,914
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Vale Mozambique
  • Energy Link Ltd, New Zealand
  • Cosco
  • CIMB Investment Bank - Malaysia
  • OPG Power Generation Pvt Ltd - India
  • Ceylon Electricity Board - Sri Lanka
  • ING Bank NV - Singapore
  • SUEK AG - Indonesia
  • Dalmia Cement Bharat India
  • Asia Cement - Taiwan
  • San Jose City I Power Corp, Philippines
  • Coeclerici Indonesia
  • PNOC Exploration Corporation - Philippines
  • AsiaOL BioFuels Corp., Philippines
  • Savvy Resources Ltd - HongKong
  • Geoservices-GeoAssay Lab
  • KEPCO - South Korea
  • IHS Mccloskey Coal Group - USA
  • Borneo Indobara - Indonesia
  • Baramulti Group, Indonesia
  • Bank of America
  • Global Business Power Corporation, Philippines
  • Rio Tinto Coal - Australia
  • Credit Suisse - India
  • Georgia Ports Authority, United States
  • Meenaskhi Energy Private Limited - India
  • Eastern Energy - Thailand
  • Minerals Council of Australia
  • CoalTek, United States
  • Vizag Seaport Private Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • PTC India Limited - India
  • Ince & co LLP
  • Reliance Power - India
  • Surastha Cement
  • Timah Investasi Mineral - Indoneisa
  • BRS Brokers - Singapore
  • Adani Power Ltd - India
  • The State Trading Corporation of India Ltd
  • Bulk Trading Sa - Switzerland
  • PLN - Indonesia
  • Tata Power - India
  • Mechel - Russia
  • TNPL - India
  • IEA Clean Coal Centre - UK
  • Price Waterhouse Coopers - Russia
  • Mercator Lines Limited - India
  • World Bank
  • Coalindo Energy - Indonesia
  • Merrill Lynch Commodities Europe
  • The University of Queensland
  • Electricity Generating Authority of Thailand
  • Videocon Industries ltd - India
  • GHCL Limited - India
  • Coal India Limited
  • Lafarge - France
  • MS Steel International - UAE
  • Sucofindo - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Infraline Energy - India
  • Japan Coal Energy Center
  • Indorama - Singapore
  • Peabody Energy - USA
  • Platts
  • Kaltim Prima Coal - Indonesia
  • Deloitte Consulting - India
  • ACC Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • Clarksons - UK
  • Parliament of New Zealand
  • Coal and Oil Company - UAE
  • Salva Resources Pvt Ltd - India
  • Grasim Industreis Ltd - India
  • Sojitz Corporation - Japan
  • TRAFIGURA, South Korea
  • Merrill Lynch Bank
  • Ernst & Young Pvt. Ltd.
  • Vitol - Bahrain
  • Chamber of Mines of South Africa
  • Arch Coal - USA
  • SASOL - South Africa
  • Maruti Cements - India
  • Essar Steel Hazira Ltd - India
  • Anglo American - United Kingdom
  • Kohat Cement Company Ltd. - Pakistan
  • IMC Shipping - Singapore
  • Gresik Semen - Indonesia
  • Australian Coal Association
  • Global Green Power PLC Corporation, Philippines
  • Interocean Group of Companies - India
  • Kalimantan Lumbung Energi - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Larsen & Toubro Limited - India
  • Idemitsu - Japan
  • Renaissance Capital - South Africa
  • bp singapore
  • Star Paper Mills Limited - India
  • IBC Asia (S) Pte Ltd
  • ETA - Dubai
  • Intertek Mineral Services - Indonesia
  • Shenhua Group - China
  • Samtan Co., Ltd - South Korea
  • CCIC - Indonesia
  • Agrawal Coal Company - India
  • SRK Consulting
  • Coal Orbis AG
  • Edison Trading Spa - Italy
  • Aboitiz Power Corporation - Philippines
  • Kideco Jaya Agung - Indonesia
  • Makarim & Taira - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Maersk Broker
  • Simpson Spence & Young - Indonesia
  • KOWEPO - South Korea
  • Formosa Plastics Group - Taiwan
  • SGS (Thailand) Limited
  • GVK Power & Infra Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • Mitsubishi Corporation
  • Global Coal Blending Company Limited - Australia
  • globalCOAL - UK
  • Indogreen Group - Indonesia
  • Britmindo - Indonesia
  • UOB Asia (HK) Ltd
  • SMC Global Power, Philippines
  • Indian School of Mines
  • Maharashtra Electricity Regulatory Commission - India
  • Cemex - Philippines
  • McKinsey & Co - India
  • Freeport Indonesia
  • Total Coal South Africa
  • Jindal Steel & Power Ltd - India
  • EMO - The Netherlands
  • Moodys - Singapore
  • Eastern Coal Council - USA
  • ANZ Bank - Australia
  • Chettinad Cement Corporation Ltd - India
  • Australian Commodity Traders Exchange
  • Central Electricity Authority - India
  • India Bulls Power Limited - India
  • New Zealand Coal & Carbon
  • MEC Coal - Indonesia
  • Samsung - South Korea
  • Petrochimia International Co. Ltd.- Taiwan
  • Bharathi Cement Corporation - India
  • Thailand Anthracite
  • Goldman Sachs - Singapore
  • GMR Energy Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Karaikal Port Pvt Ltd - India
  • Mintek Dendrill Indonesia
  • Qatrana Cement - Jordan
  • Bukit Asam (Persero) Tbk - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Fearnleys - India
  • Siam City Cement PLC, Thailand
  • The India Cements Ltd
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Economic Council, Georgia
  • CESC Limited - India
  • ICICI Bank Limited - India
  • McConnell Dowell - Australia
  • Noble Europe Ltd - UK
  • Kepco SPC Power Corporation, Philippines
  • Rudhra Energy - India
  • Romanian Commodities Exchange
  • Cement Manufacturers Association - India
  • Ministry of Mines - Canada
  • Semirara Mining and Power Corporation, Philippines
  • Aditya Birla Group - India
  • PowerSource Philippines DevCo
  • Indian Oil Corporation Limited
  • Glencore India Pvt. Ltd
  • DBS Bank - Singapore
  • OCBC - Singapore
  • IOL Indonesia
  • Mjunction Services Limited - India
  • Ministry of Finance - Indonesia
  • Oldendorff Carriers - Singapore
  • Cardiff University - UK
  • European Bulk Services B.V. - Netherlands
  • Thiess Contractors Indonesia
  • Bukit Makmur.PT - Indonesia
  • Coaltrans Conferences
  • Leighton Contractors Pty Ltd - Australia
  • Power Finance Corporation Ltd., India
  • Neyveli Lignite Corporation Ltd, - India
  • Ind-Barath Power Infra Limited - India
  • Inspectorate - India
  • Cebu Energy, Philippines
  • J M Baxi & Co - India
  • Maybank - Singapore
  • Arutmin Indonesia
  • PetroVietnam
  • Xstrata Coal
  • Parry Sugars Refinery, India
  • GN Power Mariveles Coal Plant, Philippines
  • Kumho Petrochemical, South Korea
  • HSBC - Hong Kong
  • Russian Coal LLC
  • Lanco Infratech Ltd - India
  • Planning Commission, India
  • Altura Mining Limited, Indonesia
  • Thai Mozambique Logistica
  • UBS Singapore
  • Trasteel International SA, Italy
  • PLN Batubara - Indonesia
  • London Commodity Brokers - England
  • Core Mineral Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Attock Cement Pakistan Limited
  • Wilmar Investment Holdings
  • Gupta Coal India Ltd
  • Manunggal Multi Energi - Indonesia
  • Thriveni
  • Standard Chartered Bank - UAE
  • Indonesia Power. PT
  • Antam Resourcindo - Indonesia
  • Deutsche Bank - India
  • Tata Chemicals Ltd - India
  • Straits Asia Resources Limited - Singapore
  • Sindya Power Generating Company Private Ltd
  • Carbofer General Trading SA - India
  • JPMorgan - India
  • Pinang Coal Indonesia
  • Vedanta Resources Plc - India
  • Directorate Of Revenue Intelligence - India
  • Latin American Coal - Colombia
  • EIA - United States
  • Toyota Tsusho Corporation, Japan
  • Petron Corporation, Philippines
  • Semirara Mining Corp, Philippines
  • Cigading International Bulk Terminal - Indonesia
  • Cargill India Pvt Ltd
  • KPMG - USA
  • Directorate General of MIneral and Coal - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Tanito Harum - Indonesia
  • Ambuja Cements Ltd - India
  • Barclays Capital - USA
  • Orica Australia Pty. Ltd.
  • Indo Tambangraya Megah - Indonesia
  • Medco Energi Mining Internasional
  • LBH Netherlands Bv - Netherlands
  • Vijayanagar Sugar Pvt Ltd - India
  • Thomson Reuters GRC
  • Bukit Baiduri Energy - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Globalindo Alam Lestari - Indonesia
  • Banpu Public Company Limited - Thailand
  • TGV SRAAC LIMITED, India
  • TeaM Sual Corporation - Philippines
  • APGENCO India
  • Berau Coal - Indonesia
  • Mercuria Energy - Indonesia
  • Xindia Steels Limited - India
  • Wood Mackenzie - Singapore
  • Bayan Resources Tbk. - Indonesia
  • Kobe Steel Ltd - Japan
  • BNP Paribas - Singapore
  • Binh Thuan Hamico - Vietnam
  • NALCO India
  • Mitsui
  • World Coal - UK
  • RBS Sempra - UK
  • Coastal Gujarat Power Limited - India
  • Siam City Cement - Thailand
  • Indika Energy - Indonesia
  • Marubeni Corporation - India
  • Adaro Indonesia
  • Bangladesh Power Developement Board
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Sarangani Energy Corporation, Philippines
  • South Luzon Thermal Energy Corporation
  • Platou - Singapore
  • The Treasury - Australian Government
  • PetroVietnam Power Coal Import and Supply Company
  • TANGEDCO India
  • Bank of China, Malaysia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Bhatia International Limited - India
  • Posco Energy - South Korea
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Tamil Nadu electricity Board
  • GAC Shipping (India) Pvt Ltd
  • Mitra SK Pvt Ltd - India
  • U S Energy Resources
  • Pendopo Energi Batubara - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Asmin Koalindo Tuhup - Indonesia
  • Jatenergy - Australia
  • SMG Consultants - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Metalloyd Limited - United Kingdom
  • Bhoruka Overseas - Indonesia
  • Thermax Limited - India
  • Port Waratah Coal Services - Australia
  • Sinarmas Energy and Mining - Indonesia
  • Bhushan Steel Limited - India
  • Gujarat Sidhee Cement - India
  • Meralco Power Generation, Philippines
  • Orica Mining Services - Indonesia
  • Asian Development Bank
  • Enel Italy
  • Ministry of Transport, Egypt
  • JPower - Japan
  • Sakthi Sugars Limited - India
  • Malco - India
  • Independent Power Producers Association of India
  • Runge Indonesia
  • Inco-Indonesia
  • Jaiprakash Power Ventures ltd
  • Central Java Power - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Panama Canal Authority
  • VISA Power Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • Sical Logistics Limited - India
  • GNFC Limited - India
  • WorleyParsons
  • Indonesian Coal Mining Association
  • Africa Commodities Group - South Africa
  • KPCL - India
  • SN Aboitiz Power Inc, Philippines
  • ASAPP Information Group - India
  • Madhucon Powers Ltd - India
  • Commonwealth Bank - Australia
  • Singapore Mercantile Exchange
  • Bangkok Bank PCL
  • Heidelberg Cement - Germany
  • NTPC Limited - India
  • Kobexindo Tractors - Indoneisa
  • Shree Cement - India
  • Petrosea - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Barasentosa Lestari - Indonesia
  • Malabar Cements Ltd - India
  • Therma Luzon, Inc, Philippines
  • CNBM International Corporation - China
  • International Coal Ventures Pvt Ltd - India
  • Uttam Galva Steels Limited - India
  • Riau Bara Harum - Indonesia
  • Humpuss - Indonesia
  • GB Group - China
  • White Energy Company Limited
  • Permata Bank - Indonesia
  • Argus Media - Singapore
  • Energy Development Corp, Philippines