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Tuesday, 07 January 20
CLEANER AIR IN 2020: 0.5% SULPHUR CAP FOR SHIPS ENTERS INTO FORCE WORLDWIDE - EUROPEAN COMMISSION
 From 1 January 2020, the maximum sulphur content of marine fuels is reduced to 0.5% (down from 3.5%) globally – reducing air pollution and protecting health and the environment. Sulphur Oxide (SOx) emissions from ships’ combustion engines cause acid rain and generate fine dust that can lead to respiratory and cardiovascular diseases, as well as reduced life expectancy.
Commissioner for Transport Adina Vălean said: “Maritime transport is a global business, and reducing its emissions requires global solutions. The entry into force of the global sulphur cap is an important milestone for the entire maritime sector; it will contribute to further reduce emissions of harmful air pollutants, directly benefiting cities and communities around the globe, including important ones on our Southern European shores. It also shows that concerted effort from the EU and the IMO, together with strong commitment from the industry can deliver important benefits to the environment and the health of our citizens.”
Commissioner for the Environment, Oceans and Fisheries Virginijus Sinkevičius added: “The European Green Deal is set to deliver on a zero-pollution ambition for both climate neutrality and a toxic-free environment. This EU ambition protects our citizens’ well-being, but also ensures healthy and clean environments, seas and oceans within a carbon-free and sustainable blue economy where all sides jointly engage, including maritime transport. We welcome low sulphur standards globally and in Emission Control Areas so that more EU coastal citizens can breathe clean air.”
EU’s low sulphur approach as international example
Since 2012, the EU has taken firm action to reduce the sulphur content of marine fuels through the Sulphur Directive. In 2016, the International Maritime Organization (IMO) maintained 2020 as entry-into-force date of the global 0.5% sulphur cap.
Moreover, in some very fragile ecosystems such as the Baltic Sea and the North Sea – designated as ‘Sulphur Oxides Emissions Control Areas’ (SECAs) – the maximum sulphur content has been reduced to 0.10%, already in 2015. Such stricter sulphur limits have more than halved sulphur dioxide concentrations around SECAs, bringing health benefits to people in coastal regions and ports, while the overall economic impacts on the sector remained minimal.
Next steps on sustainability in shipping
Based on the successful implementation of the Emission Control Area (ECA) limits, the introduction of the global sulphur limit is expected to bring similar results. The EU is also actively working in the context of the Barcelona Convention, on the possible future designation by the IMO of ECAs in other EU waters such as in the Mediterranean Sea.
The EU has strived for an active role in tackling maritime emissions more generally, both at home and globally. In 2018, the IMO agreed to reduce greenhouse gas emissions from shipping by at least 50% by 2050. The EU and its Member States played an instrumental role in brokering and securing the deal for the sector, which currently represents 2-3% of global CO2 emissions. Discussions are already ongoing at the IMO to translate this deal into concrete measures.
To tackle plastic pollution within our oceans, the EU adopted new rules on port reception facilities, making sure that waste generated on-board ships or fished at sea is collected and treated in ports.
The EU is also working with the IMO to address concerns regarding discharge waters from after-treatment systems used by ships. The objective is to ensure full sustainability of those systems, possibly by setting stricter and uniform legislative requirements.
In addition, the European Green Deal, presented by the President of the Commission Ursula von der Leyen in December 2019, sets out further action to make shipping more sustainable such as the extension of the European emissions trading to the maritime sector.
Background
Maritime transport has a direct impact on air quality in many European coastal cities. Exhaust gases from ships are a significant source of air pollution, including through sulphur oxide emissions resulting from the burning of fuel oil. Sulphur oxides are harmful to the human respiratory system and make breathing difficult.
Ships traditionally use fuel oils for propulsion, which can have a sulphur content of up to 3.50 %. For comparison, the sulphur content of fuels used in trucks or passenger cars must not exceed 0.001 %. The 2012 Sulphur Directive which was revised in 2016, reduced SOx emissions by setting maximum sulphur content levels for marine fuels and incorporated new standards set by the International Maritime Organisation into EU law both inside regionally protected areas and outside of those.
Source: European Commission
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Friday, 13 March 20
PANAMAX: SLIGHTLY STRONGER NUMBERS IN BOTH BASINS THIS WEEK - FEARNLEYS
Cape
Still very sad times for the big ships, and merit in further trading at present levels is highly debatable for most tonnage. Spot fixtures ...
Friday, 13 March 20
TOP 4 ACCOUNTING CONSIDERATIONS AFTER THE IMPLEMENTATION OF IMO 2020 - PWC
To install or not to install?
Following the IMO 2020 global low sulphur cap for marine fuel effective since 1 January 2020, many shi ...
Friday, 13 March 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Friday, 13 March 20
KOREA SOUTH-EAST POWER INVITED BIDS FOR 390,000 MT OF THERMAL COAL FOR MAY-JUNE 2020 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN), has issued an international tender for total 390,000 Metric Tons of coal for May & June ...
Thursday, 12 March 20
INDIA 2019 THERMAL COAL IMPORTS RISE 12.6% TO NEARLY 200 MILLION TONNES - REUTERS
India’s thermal coal imports rose 12.6% to nearly 200 million tonnes in 2019, government data reviewed by Reuters showed, reflecting the seco ...
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- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
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