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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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Friday, 30 March 18
SHIPPING INDUSTRY CONFIDENCE HITS FOUR-YEAR HIGH - MOORE STEPHENS
Shipping Confidence Survey
In February 2018, the average confidence level expressed by respondents was up from 6.2 in November 2017 t ...
Friday, 30 March 18
EXPLAINING POLAND'S COAL PARADOX - FORBES
In the U.S. coal is succumbing to market forces despite the Trump Administration’s push to support the industry. Abundant, cheap and cleaner ...
Friday, 30 March 18
THIESS SECURES $140M MT OWEN INCREASE
Thiess has secured a A$140 million increase to its contract with Glencore for coal mining services at Mt Owen in the Hunter Valley, Australia. Mt O ...
Wednesday, 28 March 18
THIESS WINS $280M WAHANA EXTENSION
Thiess has been awarded a three-year $280 million contract extension at the Wahana coal mine in South Kalimantan, Indonesia.
According to Thie ...
Wednesday, 28 March 18
RIO TINTO TO SELL KESTREL MINE FOR $2.25 BILLION - REUTERS
Rio Tinto sold its remaining coal asset Kestrel in Australia to private equity manager EMR Capital and Indonesia’s Adaro Energy Tbk for $2.25 ...
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- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
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