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Friday, 06 July 18
INDIA: GOVT TO RELAX CURBS ON INDIAN FIRMS CHARTERING FOREIGN SHIPS - HINDU BUSINESS LINE
 The Ministry of Shipping is clearly in reform mode. On the heels of the recent relaxation of the cabotage law, which allows foreign flag vessels to operate in Indian waters, it is now set to allow Indian players to charter foreign flag carriers without any pre-conditions.
At present, a foreign ship is allowed to be chartered only — among other conditions — if a suitable Indian ship is unavailable for that purpose at reasonable charter rates.
In fact, the entire chartering rule book is set to see a significant simplification. These measures will increase the shipping capacity in the country, bring down the cost of transportation along the coast and eventually encourage coastal shipping. At present, only 100 million tonnes of cargo is moved along the coast in India, and 80 per cent of it comprises petroleum products, coal and iron ore.
“While we were relaxing cabotage rules, we found restrictive practices in the chartering of foreign vessels. We need to correct this quickly,” Shipping Secretary Gopal Krishna told BusinessLine.
At present, the number of ships available at the right price to carry cargo (both domestic and export-import) along the coast is inadequate, thanks to which people take either the road or rail route. “Once we have ships available at cheaper rates, we will encourage coastal shipping and the overall logistics cost will reduce significantly,” Gopal Krishna said.
An ‘Uber’ for ships
The overall easing of chartering rules, he felt, would give a fillip to entrepreneurship in the sector.
“By opening up, we give chance to our entrepreneurs who do not have enough funds to buy ships to come into the business by chartering a vessel,” he said.
The idea is similar to cab aggregation, which does not require an entrepreneur to own vehicles. “Our attempt is to increase shipping capacity, and a lot of cargo will move on our coast,” he said.
Source: The Hindu Business Line
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Monday, 11 June 18
AUSTRALIAN COAL PRICES HIT 6-YEAR HIGH AS ASIA DEMAND SPIKES - REUTERS
Australian thermal coal prices have risen to their highest level since 2012 as hot weather across North Asia spurs buying ahead of the peak summer ...
Monday, 11 June 18
ANALYSING A NEW AGE OF AUTONOMOUS VESSELS - IMO
The International Maritime Organization answers the questions of Government Europa on how the next generation of autonomous vessels can be regulate ...
Friday, 08 June 18
AUSTRALIAN THERMAL COAL PRICES SURGE AS ASIA DEMAND HEATS UP - REUTERS
Australian thermal coal prices have hit their highest level since late 2016 as the market heats up on strong demand across North Asia and China in ...
Wednesday, 06 June 18
SHIPPING MARKET INSIGHT - KATERINA RESTIS
As observed last month the price of oil hit its highest level since November 2014 reaching $80 per barrel. Global oil demand growth for 2018 was sl ...
Tuesday, 05 June 18
SOUTH KOREA'S SULPHUR CAP ALTERS ASIAN COAL MARKET DYNAMICS: RUSSELL
South Korea’s imposition of a strict sulphur cap on its imported coal is likely to cause ripples across Asia’s markets for the pollutin ...
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- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Parliament of New Zealand
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Planning Commission, India
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
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