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Tuesday, 25 December 18
FUEL QUALITY AND SAFETY IN IMO CONVENTIONS: A GROWING CHALLENGE, EVEN PRIOR TO 1 JANUARY 2020 - IUMI
 At the 100th session of the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) meeting discussions on fuel quality and safety were high on the agenda. Poor fuel quality is a problem which affects many stakeholders in the supply chain.
The contamination incident which occurred in the United States Gulf ports in the summer highlighted that biofuels are not properly catered for under the International Organization for Standardization (ISO) standard 8217. They fall, at best, under the stipulation that fuels should be fit for purpose. Numbers vary, but at least 100 ships were affected by their supplied biodiesel fuel which contained added substances, namely fatty acid methyl esters or FAME. In many cases, this adversely affected the performance of the machinery.
Biofuel contamination shares a commonality with fuel containing too many deliberately introduced catalytic (“cat”) fines – in both cases, the fuel supplied is unfit for use. In the case of cat fines, the fuel is known in advance to be unusable as supplied, whereas with biofuels, deficiencies only manifest in use. If fuels are unfit, in contravention to the requirements of MARPOL Annex 6, the validity of marine insurance cover may be called into question where ships are rendered unseaworthy.
IUMI believes that the current system of leaving the testing or damage to the end user is outdated. This approach has become unacceptable and must be changed. The motor and aviation sectors are positive examples of how the supply system works more effectively. Governments have agreed to compel the use of certain grades of fuel for ships; they should now equally recognise it is time to oblige the refineries to do the testing – not the end user. Traditionally, refiners have argued this can be done but will be more expensive. That rather old defence should be balanced against the cost of filtration systems and scrubbers across the world fleet, the cost of engine repairs, the increased risk of a consequent collision and pollution and by no means least, the cost of delay in deliveries.
There are potential third-party safety risks as the new blends of fuels have variable properties which are not standardised; they have different viscosity, flash points and pour points, meaning not only is performance unpredictable, they cannot be safely mixed with other new blends of fuels. The inevitable result will be more claims as a result of combustion problems.
If no remedial action is taken, there will be continued and growing expense, anticipated to be worse than the wave of cat fines claims after the SOx regulations of 2005. There could also be ensuing disruption to financial and social stability in a globally connected trade system where any delay has potentially significant consequences. As insurance will not automatically pay for the resultant damage, the cost will inevitably be passed via the owners and charterers to the voting consumer. IUMI would hope that IMO will encourage ISO to embark on the urgent amendment of the ISO 8217 legislation to deal with biofuels and indeed the 2020 sulphur cap.
Source: International Union of Marine Insurance
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Tuesday, 29 January 19
HARD COAL BEARS THE BRUNT OF THE RECOMMENDATIONS OF THE COMMISSION GROWTH STRUCTURAL CHANGE AND EMPLOYMENT - VDKI
Press Release: Hard coal bears the brunt of the recommendations of the Commission Growth Structural change and employment.
In its fi ...
Tuesday, 29 January 19
CHINA HAS BEEN THE TOP DRIVER OF GLOBAL GROWTH FOR NEARLY TWO DECADES - ALLIED
China has been the top driver of global growth for nearly two decades now, pushing demand for seaborne trade and being the key influencer for deman ...
Saturday, 26 January 19
SUPRAMAX: NICKEL ORE RUNS SAW A 56K DWT VESSEL, DELIVERY PHILIPPINES, FIXED FOR A TRIP TO CHINA AT $6K - BALTIC BRIEFING
Capesize
A week of dashed hopes for owners as the optimism evident the previous week evaporated. Rates slipped on all routes and underlying thr ...
Thursday, 24 January 19
ANOTHER DISAPPOINTING WEEK FOR PANAMAX OWNERS; MARKET CONTINUES DOWN IN BOTH BASINS - FEARNLEYS
Capesize
The week has been marked by low activity and dropping rates in both basins. As usual, supply additions have increased at the beginning ...
Thursday, 24 January 19
KOREA SOUTHERN POWER INVITED BIDS FOR 960K MT OF 4600 NCV COAL FOR THREE YEARS
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,600 kcal/kg NCV low calo ...
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- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Australian Coal Association
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Baramulti Group, Indonesia
- MS Steel International - UAE
- VISA Power Limited - India
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
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