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Thursday, 26 April 18
BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
 The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exchange members to take advantage of the Exchange’s trusted position in the marketplace when undertaking the sale or purchase of a vessel.
Announcing the initiative today (25 April) at its Freight & Commodities Forum during Singapore Maritime Week, the paid-for service will be available for use in transactions where the buyer of the vessel is a Baltic Exchange member. The service is likely to be extended to disputes related payments.
The Escrow Service will be run by the Baltic Exchange’s Asia office in Singapore and will be subject to the Singapore Exchange’s (SGX) detailed compliance and money laundering procedures. OCBC Bank will be providing the joint deposit account.
Headed up by the Baltic Exchange’s Head of Asia-Pacific, Chris Jones, a sale & purchase broker with over 40 years of experience, the service will initially be offered from Singapore with a view to further expansion to other Asian shipping centres.
Chris Jones said, “Having the Baltic Exchange provide this service solves the problem as to where the deposit should be held in a vessel transaction. Buyer and seller alike can be certain that the Baltic Exchange will apply its high standards of compliance as well as have a full understanding of the complexities of any maritime transaction.”
He added, “This service will add real value to the many sale & purchase brokers who are Baltic members and are currently expected to provide this service to clients. It will allow them to undertake the highest level of due diligence and compliance checks, reduce the administrative burden of organising a client escrow account and allow them to focus on adding value to the transaction.”
The service will go live in May 2018 and will cost US$ 5,000 per side.
Source: Baltic Exchange
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Wednesday, 11 April 18
CHINA UTILITIES PLAN NEW COAL IMPORT PRICE INDEX TO CURB VOLATILITY - REUTERS
China’s major utilities are preparing to launch their own coal price index for imports, an official at China Huaneng Group said, in a move th ...
Wednesday, 11 April 18
US-CHINA TARIFF THREATS RAISE GLOBAL TRADE RISKS - FITCH
Escalating tariff proposals by the U.S. and Chinese governments are increasing the risks of a full-blown trade war, says Fitch Ratings. The most li ...
Tuesday, 10 April 18
BUMA GRANTED ADDITIONAL LOAN FACILITY FROM BTMU TO SUPPORT GROWTH
Press Release: PT Delta Dunia Makmur Tbk. is pleased to announce that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), signed an a ...
Monday, 09 April 18
APRIL INDONESIAN COAL PRICE REFERENCE DROPS TO LOWEST IN 2018
COALspot.com: According to latest ministerial decree, the Indonesian Coal Price Reference (HBA) decline 6.98 per cent in April 2018 compared to Mar ...
Friday, 06 April 18
TOP MINER BHP QUITS WORLD COAL ASSOCIATION OVER CLIMATE CLASH - BLOOMBERG
BHP Billiton Ltd. has severed ties with the World Coal Association over a clash of views on how to combat climate change, with the mining giant say ...
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Showing 1746 to 1750 news of total 6871 |
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- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Australian Coal Association
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
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