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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IUMI believes that the current system of leaving the testing or damage to the end user is outdated.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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Sunday, 18 November 18
COAL STOCKS IN A THIRD OF NTPC PLANTS CLOSE TO NIL - FINANCIAL EXPRESS
Coal supply shortage continues to haunt NTPC, the country’s largest power generator, with latest government data showing 31% of the company&r ...
Thursday, 15 November 18
OIL MARKET REPORT: HEEDING THE WARNINGS - IEA
In last month’s Report, we noted that since the middle of the year oil supply had increased sharply, with gains in the Middle East, Russia an ...
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.
...
Wednesday, 14 November 18
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The shipping industry is going through an interesting period across all markets. Since the end of last year, the Dry Baltic Index has been showing ...
Tuesday, 13 November 18
INDIA: POWER DEMAND UP; COAL STOCKS AT MINES AT A 5-YEAR LOW - FINANCIAL EXPRESS
Stocks at Coal India mines plunged to a five-year low of 21 million tonne (mt) in October, as a sudden surge in demand for the fuel from the power ...
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- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Australian Coal Association
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- The University of Queensland
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
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