COALspot.com keeps you connected across the coal world
  • CHINA THERMAL COAL MARKET FACES 2-3 MONTH CORONAVIRUS SHORT SQUEEZE: NOBLE - REUTERS
  • CHINA RESUMES OVER 70 PCT COAL PRODUCTION CAPACITY AMID EPIDEMIC - XINHUA.
  • THE DAILY COAL BURN RATE AT CHINA'S SIX MAJOR COASTAL POWER PLANTS HAS COME IN TODAY AT 421,000 TONS - COMMODORE RESEARCH
  • FEB 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 66.89 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, 06 August 19
SHIPPING MARKET INSIGHT - INTERMODAL
IntermodalOn the 12th of May four tankers were attacked near the coast of Fujairah.  The tankers hit were waiving international flags such as that of Norway.  A month later a second attack took place, involving 2 tankers passing near the straits of Hormuz.  The above incidents were followed by the detention of an Iranian VLCC in Gibraltar by the British Royal Marines, the “Grace 1”, which was carrying crude oil to be discharged in Banyas, Syria.  It should be noted that the discharging of crude oil cargo in Syria is a breach of EU Sanctions.  Following this, British ships were threatened when passing the Straits of Hormuz /Gulf of Oman, thus resulting in many tankers which were supposed to load inside Arabian/Persian Gulf, not proceeding with loading/discharging ops.  In other instances, British naval ships have been escorting ships, as happened with BP's ship the MT British Heritage & the MT Pacific Voyager.   To date the situation in the area remains volatile, while Iran’s official position is that there is no involvement from their side in any of the attacks whatsoever.  Meanwhile the market remains under pressure without any signs of significant improvement.
 
Throughout the above-mentioned period the Joint War Committee listed the Persian Gulf and Gulf of Oman as high-risk areas, and concurrently war risk premiums for ships trading in the area have rocketed.  The present situation should have Owners with ships trading in the area, double checking their contractual rights and protective clauses in their time charter parties.
 
During the negotiations of fixtures, Owners/Charterers negotiate and mutually agree the trading areas, though if the specific area has not been excluded then it’s something that needs to be renegotiated/reviewed on a case by case basis.  War Risk clauses depending on how they are drafted, may offer protection to owners, by giving the option of terminating the TC/P in the event of a war risk i.e. Shelltime 4, 1984, or enabling the master to refuse charterers orders and timely request new voyage orders.
 
Another important point to stress is the “Safe/Unsafe Port” situation. If the TC/P lacks a clause targeting directly to the situation of safe/unsafe port or berth, then it’s solely down to Owners/Masters’ discretion. Below there is a good example of how this situation can be complicated, and therefore needs to be assessed on a case by case basis according to the UK Defense club.
 
“The Saga Cob [1992] 2 Lloyd’s Rep. 545, there had been an attack on a ship at an Eritrean port within the previous three months and there had also been other attacks, yet the port was deemed not unsafe and the charterers were not in breach of the safe port warranty by ordering the ship there. By contrast, in The Chemical Venture [1993] 1 Lloyd’s Rep. 508, there had been three attacks on ships in the previous eleven days at a single port. The court held that the port was unsafe and that it was negligent for charterers to send a ship there.”
 
To put it briefly, the present situation is not straightforward, before Owners/Charterers order a ship to enter a high war risk area/port/berth they have to timely asses their already agreed contractual agreement, and discuss with their clubs and legal associates before taking any decisions, on how to treat the situation. A cautious and patient approach could prevent claims/disputes with the contractual parties of the TC/P in the near future.

By Dimitris Kourtesis
Tanker Chartering Broker

Compiled by:
Intermodal Research & Valuations


Analysts:
Ms Eva Tzima

Mr.George Panagopoulos


Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.

The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.


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

Recent News

Friday, 11 March 16
US WEEKLY COAL PRODUCTION DOWN BY 0.5 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 12.6 million shor ...


Friday, 11 March 16
FORTESCUE'S MOU WITH VALE COULD STRENGTHEN ITS BUSINESS PROFILE - FITCH
COALspot.com: Fitch Ratings says that Australia-based Fortescue Metals Group Limited's (BB+/Negative) memorandum of understanding (MOU) with Br ...


Thursday, 10 March 16
CHINA'S NEW POLICY PLAN COULD BE POSITIVE FOR SHIPPING, BUT TARGETS SEEM RATHER AMBITIOUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
China set out its new policy plan during the course of the past weekend, but it seems to have set some very ambitious goals, which could be difficu ...


Thursday, 10 March 16
U.S. COAL EXPORTS DECLINED 23% IN 2015, AS COAL IMPORTS REMAINED STEADY
COALspot.com: The United States remains a net exporter of coal, exporting 74.0 million short tons (MMst) and importing 11 MMst in 2015. Accord ...


Thursday, 10 March 16
IT FEELS SAFE TO SAY THAT THE MARKET IS SLOWLY AND PAINFULLY REGAINING ITS BALANCE
With the BDI marking its third consecutive positive weekly closing, it feels safe to say that the market is regaining its balance; slowly and painf ...


   281 282 283 284 285   
Showing 1411 to 1415 news of total 5755
News by Category
Popular News
 
Total Members : 26,761
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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