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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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Monday, 29 October 18
SUPRAMAX: THE ASIAN AREA SAW FALLING RATES, WITH A 61,000DWT FIXING DELIVERY KOHSICHANG TRIP VIA INDONESIA, REDELIVERY INDIA, AT $10,500 - BALTIC BRIEFING
Capesize
A market of two halves for most of the week with rates in the Atlantic firming and easing in the East for most of the week, but then, ...
Friday, 26 October 18
SHIP OPERATING COSTS EXPECTED TO RISE IN 2018 AND 2019 - MOORE STEPHENS
Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.
...
Friday, 26 October 18
SEVERAL CONTRACTIONS IN GLOBAL STEEL PRODUCTION - JEFFREY LANDSBERG
World Steel Association data released today shows that global crude steel production totaled approximately 151.7 million tons in September. T ...
Thursday, 25 October 18
WHAT DOES THE "IMO 2020" REGULATION REALLY SAY? A QUICK GUIDE - BIMCO
KNOWLEDGE TO ELEVATE
The shipping industry has all eyes firmly fixed on the topic, but what exactly do the “IMO 2020” global sulph ...
Wednesday, 24 October 18
MARKET INSIGHT - NASSOS SOULAKIS
Looking at 2018 SnP activity, it is evident that Greek, Chinese and North European (German and Norwegian) owners are the top buying nationalities, ...
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- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- White Energy Company Limited
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
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