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Tuesday, 07 November 17
ING JOINS FORCES ON BLOCKCHAIN-BASED PLATFORM FOR ENERGY COMMODITIES SECTOR
 Blockchain technology. It’s often been described as the most important invention in computing in a generation.
So it should come as no surprise that ING is again at the forefront of the technology. This time joining forces with banks and some of the largest, energy companies and trading houses to create a blockchain-based digital platform that intends to modernise and transform energy commodities trading.
“I am very excited about this initiative,” said Anthony van Vliet, ING’s Global Head of Trade and Commodity Finance, “Marquee brands and competitors in the energy, trade and banking industry sharing one vision gives us a great opportunity to transform processing in the energy trade commodity sector.”
The new venture seeks to create a secure, real-time blockchain-based digital platform to manage physical energy transactions from trade entry to final settlement. In doing so, it digitalises the process and allows the sector to move away from traditional paper contracts and operations documentation.
Lower cost of energy
Such efficiencies aim to reduce the cost for industry participants which could ultimately result in lower costs for consumers.
The platform is expected to be operational by the end of 2018 and follows the ING-led blockchain initiative, Easy Trading Connect aimed at the larger commodity trade finance area. In addition, ING is a member of the R3 consortium, a group of banks exploring viable blockchain use cases in other areas.
The platform will also reduce administrative operational risks of physical energy trading. It should also improve the reliability and efficiency of trading operations for all supply chain users, while opening the door to innovative funding and financing solutions.
Independent entity
ING is one of three banks involved in the consortium including ABN Amro and Societe Generale. ING also teamed up with Societe Generale on Easy Trading Connect. Several of the world’s largest energy companies and trading houses, i.e BP, Shell and Statoil, Gunvor, Koch Supply & Trading, Mercuria are behind the venture which will be managed and operated as an independent entity. The technology is intended to be made available to all market participants and service providers in the energy trading sector.
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Tuesday, 17 October 17
U.S RECORD EXPORTS OIL TO EAST HAS HELPED THE TANKER TRADE - GEORGE LAZARIDIS
There was a flood of fresh news this week which clouded the overall prospects of the crude oil market. Just one week prior Saudi Arabia and Russia, ...
Monday, 16 October 17
INDONESIA TO INDIA COAL FREIGHT RATES STAY FIRM
COALspot.com: The daily average earnings for Supramax, for the route Indonesia to India passing through Singapore has stayed firm, week over week, ...
Friday, 13 October 17
INDIKA ENERGY SIGNS SHARE PURCHASE AGREEMENTS FOR AN ADDITIONAL 45% STAKE IN KIDECO
PT Indika Energy Tbk. and its wholly-owned subsidiary PT Indika Inti Corpindo (collectively, “Indika Energy”) has entered into separate ...
Friday, 13 October 17
THE SHORT-TERM OUTLOOK FOR THE PANAMAX MARKET REMAIN POSITIVE - FEARNLEYS
Supramax
The market has picked up strongly since last week with the Chinese holidays. In the Pacific rates are increasing with some strong number ...
Friday, 13 October 17
U.S. COAL EXPORTS FOR THE FIRST SEVEN MONTHS OF 2017 TOTALED 51 MMST; UP 62% YOY, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.2 million shor ...
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Showing 1911 to 1915 news of total 6871 |
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- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- The University of Queensland
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- MS Steel International - UAE
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Planning Commission, India
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
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