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Wednesday, 14 November 18
BIMCO ADOPTS 2020 BUNKER CLAUSES
 BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release.
The Global Marine Fuel Sulphur Clause for Time Charter Parties was approved by the Documentary Committee at its meeting in Copenhagen on 13 November.
“It is very important that the new sulphur clauses are ready well in advance to allow the parties to prepare ahead of 1 January 2020,” says Peter Eckhardt, chairperson of the drafting committee and Head of Chartering and Operations at Reederei F. Laeisz.
“The Global Marine Fuel Sulphur Clause for Time Charter Parties will help them do exactly that, as it sets out the obligations and responsibilities of owners and charterers to comply with MARPOL Annex VI sulphur content requirements.” Eckhardt says.
The clause states that charterers are obliged to provide fuel that complies with MARPOL requirements, grades and specifications set out in the charter party, and it is a general compliance clause. It also states that charterers must use suppliers and bunker barge operators who comply with MARPOL and that shipowners will remain responsible for the fuel management.
The second clause discussed at the Committee meeting in Copenhagen deals with the transitional period from the end of 2019 to the beginning of 2020. The two clauses will be published as one package.
The clause focuses on cooperation between owners and charterers to minimise quantities of non-compliant fuel on board by 31 December 2019.
It states that any remaining non-compliant fuel on board after 1 January 2020 has to be removed no later than re-delivery or 1 March 2020 – whichever comes first. It also states that removal of non-compliant fuel must be done at the charterers’ cost, while tank cleaning must be done at the cost of the shipowners.
Source: BIMCO
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Thursday, 22 November 18
SHUT OUT OF CHINA, U.S. COAL EXPORTERS FIND FAVOUR IN INDIA, FOR NOW - REUTERS
U.S. coal exporters have effectively lost a promising market in China since the imposition of tariffs as part of the ongoing trade dispute, but so ...
Wednesday, 21 November 18
SHIPPING MARKET INSIGHT - DIMITRIS KOURTESIS
Halfway through the fourth and last quarter of the year, we spot a significant change in freight rates for tankers trading dirty, as well as on the ...
Tuesday, 20 November 18
FREIGHT RATES IN THE CRUDE OIL MARKET HAVE ALREADY PICKED UP OVER THE PAST COUPLE OF WEEKS - YIANNIS VAMVAKAS
Current geopolitical developments between Iran and the US, which have led the latter to re-impose its sanctions, have significantly affected oil pr ...
Tuesday, 20 November 18
GOLDEN ENERGY AND RESOURCES LEADS A$249M BID FOR AUSTRALIA-LISTED STANMORE COAL - THE STRAITS TIMES
Singapore-listed Golden Energy and Resources (GEAR) is leading deals worth up to A$249 million (S$250 million) to acquire Australia-listed Stanmore ...
Monday, 19 November 18
INDONESIA'S LEADING EIGHT COAL MINER'S COAL MINING CONTRACTS ARE EXPECTED TO EXPIRE BETWEEN YEAR 2019 - 2025
The Ministry of Energy and Mineral Resources (ESDM) said, eight Coal Contract of Works (CCoW) will expected to expire between 2019 to 2026, Liputan ...
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- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- White Energy Company Limited
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
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