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Tuesday, 27 December 11
NEW CLAUSE PUBLISHED FOR SLOW STEAMING - BIMCO
 Many owners and operators faced with high bunker prices are considering implementing slow steaming regimes to save fuel and to assist with capacity planning. In the scheduled liner industry, slow steaming and “super” slow steaming has been a common practice for several years. Other sectors of the industry are now looking at the possibility of slow steaming, but are aware of the need for a special provision to incorporate into their charter parties to deal with the legal and technical aspects of this practice. In response to this demand BIMCO has been working over the past year on developing two new standard charter party clauses – one for time charter parties and the other for voyage charters.
The first to be published is the time charter clause which was adopted by BIMCO’s Documentary Committee in November. The Clause has been issued as a Special Circular to Members (No. 7, dated 23 December 2011)
BIMCO has consulted with the major engine designers during the development of the Clause to ensure that the technicalities of slow steaming are properly reflected in its provisions.
The legal aspects of slow steaming under a time charter party primarily relate to the owners’ obligations to follow the charterers’ slow steaming instructions while taking into account the safety of the vessel, crew and cargo and obligations towards third parties, such as holders of bills of lading. All of these issues have been addressed in the Slow Steaming Clause for Time Charter Parties with valuable input provided by lawyers and P&I Club representatives.
A voyage charter party edition of the Clause will follow shortly.
Source: BIMCO / Hellenic Shipping
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Saturday, 17 December 11
THE FREIGHT MARKET SEEMS TO HAVE ALMOST BOTTOMED OUT AND MAY REMAIN STEADY AT THESE LEVELS CAPT REDDY
COALspot.com - The BDI and Cape index closed lower this week with BDI closing at 1,888 points (down by 1.76 pct) and Cape index at 3,572 points (dow ...
Friday, 16 December 11
DRY BULK MARKET LOSES TRACK ON CAPESIZE LOSSES, SHIP FINANCING REMAINS TROUBLESOME - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn’t manage to sustain earlier gains, losing track yesterday, on reduced Capesize demand and persisting troubles in smal ...
Thursday, 15 December 11
BERAU SEES INDIA AS POTENTIAL MARKET FOR LOW-CALORIE COAL - THE JAKARTA POST
The Jakarta Post reported that, Publicly listed coal mining company PT Berau Coal Energy (BRAU), the fifth largest coal producer in Indonesia, sees ...
Thursday, 15 December 11
PANAMAX HARDLY AFFECTED BY THE RECENT FIRMER TENDENCY FOR THE BIG SISTERS - FEARNBULK
Handy
The rates are more or less the same as last week. Continent/US Gulf fixing at tick below USD 10k and Gulf/Continent levels at USD 25k. Trips ...
Thursday, 15 December 11
DRY BULK RATES TO REMAIN AT CURRENT LEVELS FOR THE MOST PART IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest research note, BIMCO said that the Capesize Time Charter Average will remain at USD 20,000-30,000 per day but the tonnage oversupply w ...
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Showing 4926 to 4930 news of total 6871 |
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- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Planning Commission, India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
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