We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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IUMI believes that the current system of leaving the testing or damage to the end user is outdated.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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 ...
Monday, 19 November 18
SUPRAMAX: THE BSI CONTINUED TO FALL LAST WEEK, ESPECIALLY THE ASIAN ROUTES - BALTIC BRIEFING
Capesize
After a cut throat couple of weeks, the market finally appeared to have found a floor and rates ticked up. Those analysts that predict ...
|
|
|
Showing 1556 to 1560 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- PTC India Limited - India
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
|
| |
| |
|
