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Thursday, 20 April 17
SHIPPING POOLS: DON'T JUST DIVE IN - MOORE STEPHENS
 Shipping pools can be an attractive option for ship owners and operators, particularly in difficult markets and during periods of economic uncertainty.
Moore Stephens has advised on a number of pool agreements during the past 12 months, and it is clear that interest in the concept generally is increasing as a means to leverage money and maximise economies of scale. But while it might make good commercial sense for like-minded shipping interests to pool their resources to mutual advantage, traps may lie in wait for the unwary.
According to Moore Stephens, shipping pools can take a variety of forms, from incorporated entities or partnerships to joint ventures and other forms of agreement. It is important to choose the right one. The jurisdiction in which the pool is established is of primary importance since it will have fundamental tax and reporting implications. Historically, tax-friendly offshore jurisdictions have been a natural fit for many shipping pools, but the recent increased focus on general tax transparency and on proper governance and reporting procedures may serve as a catalyst for change in this regard.
The existing structure of shipping pools established in offshore jurisdictions is unlikely to change, but it would be reasonable to expect the members of any new pool arrangements to at least consider the option of establishing the pool in a more traditional jurisdiction.
A move towards greater corporatisation of shipping pools, which may grant access to trade finance solutions, might be a viable option for many owners, provided the terms of entry and exit are acceptable.
There are a range of tax issues to consider when setting up, amending or joining a shipping pool. In the case of a new pool, it will be necessary to consider the tax position of each entity within the pool structure. Other important considerations include the terms of the pool agreement itself, the status of the pool under competition law, the effectiveness of the marketing strategy, and the way pool accounts are prepared and submitted.
Shipping pools have clear advantages for some. But it is a challenging market, and one subject to increasingly stringent evaluation. It would be a mistake to just dive in without careful consideration.
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Monday, 17 April 17
THE PANAMAX INDEX (BPI) ROSE (12.89%) WEEK OVER WEEK
COALspot.com: The Freight market was firm, week over a week as all segments show a positive upward trend this past week.
The Baltic Exchange, ...
Monday, 17 April 17
U.S. WEEKLY COAL OUTPUT FELL 5% WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 13.8 million short tons ...
Thursday, 13 April 17
OPEC OVER-DELIVERS ON OIL CUTS, BUT SEES RIVALS' OUTPUT RISING
Crude Oil Price Movements
The OPEC Reference Basket averaged $50.32/b in March, representing a decline of 5.7% from the previous month. Crude fut ...
Wednesday, 12 April 17
THE PORT OF NEWCASTLE SHIPPED 13.791 MILLION TONS OF COAL IN MARCH 2017
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export ports has shipped $AU 1,688.5 ...
Wednesday, 12 April 17
SHIPPING MARKET INSIGHT - VASSILIS VASSILIOU
The first quarter of 2017 started relatively busy for the ship repair sector, with most of the repair facilities being nearly fully occupied till t ...
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Showing 2071 to 2075 news of total 6871 |
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- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- The University of Queensland
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
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