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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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Monday, 12 December 11
DRY BULK MARKET LOOKING FOR BALANCE AS WE ENTER 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
During the past few months, freight rates for dry bulk carriers, especially Capesizes have increased significantly, providing ship owners with a muc ...
Sunday, 11 December 11
THE PANAMAX INDEX ENDED ON POSITIVE DIRECTION - VISTAAR
COALspot.com - The BDI and Cape index continued the upward trend this week also with BDI up by 3.00 pct closing at 1,922 points and Cape index up by ...
Saturday, 10 December 11
MAHAKAM RIVER RESUMES COAL TRANSPORTATION
COALspot.com - East Kalimantan local government has resumed limited coal barging through Mahakam River after two weeks of suspension following the c ...
Friday, 09 December 11
DRY BULK MARKET REBOUNDS ON HEALTHIER DEMAND OUTLOOK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged forward yesterday, at the highest rate of the past couple of weeks, as a result of stonger iron ore demand, backed by lowe ...
Thursday, 08 December 11
INDIA MAY SEE 41% ANNUAL GROWTH OF ITS COAL DEMAND DURING THE NEXT 5 YEARS - ICAP SHIPPING
India’s Ministry of Coal expects that India’s coal demand may face an annual 41% rise during the next 5 years, while its coal deficit is ...
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- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Marubeni Corporation - India
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Planning Commission, India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- The University of Queensland
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
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