COALspot.com keeps you connected across the coal world
  • SEPTEMBER 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 49.42 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Monday, 18 May 20
TAKING ADVANTAGE OF VIRUS DISTRACTION - BALTIC EXCHANGE
Baltic ExchangeAs the industry grapples to deal with exceptional Covid-19-related challenges, a deeper threat is coming to the fore. At this time of crisis, more and more opportunistic hackers and cybercriminals are taking advantage of the chaos caused by the pandemic and the subsequent surge in remote operations to target shipping. And there is proof that they are succeeding.
 
Consultancy PwC reports of email scams attempting to deliver malware or phishing links to compromise vessels and/or companies. Some of them impersonate the World Health Organisation while others use real vessel names and/or Covid-19 to impersonate actual ships and warn of infected crew and vessels through attachments infected with malware. Last week, logistics company Toll Group fell prey to a second ransomware attack this year. Toll confirmed that its systems outage was the result of the Nefilim ransomware. When Toll was struck by a ransomware attack earlier this year, it took six weeks before deliveries and core services were returned to normal operating capabilities.
 
Last month, Mediterranean Shipping Company reported experiencing a network outage due to a malware attack affecting their primary website and customer portal, which in turn affected online bookings for a number of days. Meanwhile, in the same month, Danish pump maker DESMI was hit by a ransomware attacking shutting down its systems, including email.
 
On top of these confirmed cases, global cybersecurity and anti-virus software company Bitdefender has revealed that the oil and gas industry is also said to be currently fending off a major spyware campaign with highly targeted phishing attacks.
 
“This is not the first time the oil and gas industry [has been] targeted with similar campaigns, as some were reported in 2017 and 2019, both using similarly constructed emails and delivering spyware such as the Remcos remote access Trojan,” says Bitdefender’s senior cybersecurity analyst Liviu Arsene.
 
Bitdefender notes that the global evolution of cyberattacks on the energy industry has steadily increased since September 2019, with a peak in February 2020. The cyber specialist has recorded over 5,000 malicious reports from companies that operate in the energy industry. “Cybercriminals seem to have taken a keen interest in this vertical, perhaps as it has become more important and strategic after recent oil price fluctuations,” says Arsene.
 
Increased connectivity
 
According to Moshe Shlisel, chief executive and co-founder of GuardKnox, today’s increasingly-connected cargo fleets are becoming more vulnerable to cyber attacks — “a serious threat even in boom times”.
 
Says Shlisel: “The financial costs to business go beyond any payments lost to hackers and not covered by insurance. If a shipping company has its fleet disrupted by a cyber attack, the company will experience substantial downtime between the onset of an attack and its resolution – and for many businesses, as well as the economy, downtime can prove devastating. In some cases, paying the ransom will be cheaper than going through the necessary steps to remove the ransomware, which could take weeks.”
 
Sarantos Kefalas, senior manager for cyber security SME, assurance at PwC, explains that as shipping companies rightly shift their focus to employees’ well-being and dealing with new ways of operating during Covid-19, cyber security may “fall by the wayside”, potentially increasing the risk of cyber security attacks.
 
He advises three actions that the shipping sector should do to maintain the security of its data and infrastructure. Firstly, companies should secure newly implemented remote working practices.
 
Many shipping companies have had to rapidly introduce new remote working tools (e.g. video conferencing, laptops, etc.) that may lack certain security controls or policies, he says. The concern once the world emerges from the pandemic is that these solutions will still be relied on, making companies more susceptible to cyber attacks due to unpatched or insecurely configured systems.
 
To address this, companies should: “Risk assess existing and new remote access systems to ensure critical security patches have been applied, secure configurations have been used and the solutions are resilient.” Particular attention should be paid to systems used for remotely administering and monitoring IT and OT vessel systems. Additionally, remote access solutions, e-mail and identity management systems should be configured to log all authentication events and those logs should be preserved.
 
Security advice
 
Secondly, PwC advises that shipping companies should ensure the continuity of critical security functions. This is especially important where business have outsourced security monitoring functions to a third party. Here, PwC encourages checking that the third party has enabled its business continuity plan and has sufficient capacity and capability to achieve the agreed service-level agreement.
 
Where this function is performed in-house, PwC advises checks to ensure that monitoring teams have the “people, processes and technology necessary to monitor and respond to alerts affecting on-shore and vessel systems”, with consideration given to bringing in third-party resources if necessary. Continuous vulnerability scanning and updating incident response plans and continuity playbooks are also recommended.
 
Thirdly, shipping companies must counter opportunistic threats through a number of means. These include providing specific guidance to vessel crews to be extra vigilant when it comes to email communications relating to Covid-19 infections on specific vessels; providing specific guidance to finance teams to ensure they do not respond to email solicitations for personal or financial information, or requests to transfer funds; and providing additional phishing awareness campaigns to both onshore employees and crews.
 
Cyber attacks have not abated during the Covid-19 pandemic, in fact the opposite is true and shipping companies cannot afford to drop their guard on the cyber front at this time of crisis.
Source: Baltic Exchange


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 05 September 20
INDIA WON'T KICK ITS COAL HABIT SO EASILY - HINDU BUSINESS LINE
India has traditionally considered itself lucky to have been endowed with abundant coal reserves, which it has sought to use to meet its energy nee ...


Saturday, 05 September 20
FINANCING COMPLETE FOR 900MW FIFTH PHASE OF MASSIVE DUBAI SOLAR PARK: ARABIAN BUSINESS
Saudi-based ACWA Power on Thursday announced it has completed the signing of all financing agreements for the fifth phase of the Mohammed bin Rashi ...


Saturday, 05 September 20
POLISH COAL DEMAND EXPECTED TO FALL BY 7 MLN TONNES NEXT YEAR: MINISTER - REUTERS
Poland’s demand for coal is expected to fall by around 7 million tonnes next year, or more than 10% of annual hard coal production, after a d ...


Saturday, 05 September 20
PAKISTAN'S NEW 27-YEAR POWER PLAN RISKS LOCKING IN LONG-TERM OVERCAPACITY, LEAVING IMPORTED COAL AND LNG PLANTS STRANDED - IEEFA
Wind and solar, the country’s cheapest source of new generation, also overlooked   Pakistan risks locking itself into building m ...


Friday, 04 September 20
IN A DEEPENING DEBT HOLE OF $34 BILLION, INDONESIA’S PLN MUST STOP DIGGING - IEEFA
The utility has added IDR100 trillion in debt annually for the last five years Utilities globally started changing the way they do business ye ...


   2 3 4 5 6   
Showing 16 to 20 news of total 6093
News by Category
Popular News
 
Total Members : 27,094
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Coeclerici Indonesia
  • New Zealand Coal & Carbon
  • Salva Resources Pvt Ltd - India
  • Ernst & Young Pvt. Ltd.
  • European Bulk Services B.V. - Netherlands
  • Timah Investasi Mineral - Indoneisa
  • Petrosea - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • PowerSource Philippines DevCo
  • Parry Sugars Refinery, India
  • Sucofindo - Indonesia
  • PNOC Exploration Corporation - Philippines
  • globalCOAL - UK
  • The University of Queensland
  • Coal Orbis AG
  • Borneo Indobara - Indonesia
  • Marubeni Corporation - India
  • Cigading International Bulk Terminal - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • TeaM Sual Corporation - Philippines
  • Indian Oil Corporation Limited
  • Geoservices-GeoAssay Lab
  • Jaiprakash Power Ventures ltd
  • Aboitiz Power Corporation - Philippines
  • Pendopo Energi Batubara - Indonesia
  • Samtan Co., Ltd - South Korea
  • Iligan Light & Power Inc, Philippines
  • Vedanta Resources Plc - India
  • Meenaskhi Energy Private Limited - India
  • Asmin Koalindo Tuhup - Indonesia
  • Cargill India Pvt Ltd
  • Formosa Plastics Group - Taiwan
  • Billiton Holdings Pty Ltd - Australia
  • Britmindo - Indonesia
  • Anglo American - United Kingdom
  • Karbindo Abesyapradhi - Indoneisa
  • Orica Mining Services - Indonesia
  • Noble Europe Ltd - UK
  • Bhatia International Limited - India
  • Thiess Contractors Indonesia
  • Xstrata Coal
  • Savvy Resources Ltd - HongKong
  • Directorate Of Revenue Intelligence - India
  • Merrill Lynch Commodities Europe
  • Rio Tinto Coal - Australia
  • Core Mineral Indonesia
  • Bank of America
  • Malabar Cements Ltd - India
  • Wilmar Investment Holdings
  • Madhucon Powers Ltd - India
  • Bulk Trading Sa - Switzerland
  • Coaltrans Conferences
  • Globalindo Alam Lestari - Indonesia
  • Ministry of Transport, Egypt
  • EIA - United States
  • Kalimantan Lumbung Energi - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Inspectorate - India
  • ICICI Bank Limited - India
  • PTC India Limited - India
  • VISA Power Limited - India
  • Coal and Oil Company - UAE
  • Oldendorff Carriers - Singapore
  • Humpuss - Indonesia
  • Petron Corporation, Philippines
  • Vijayanagar Sugar Pvt Ltd - India
  • Reliance Power - India
  • TGV SRAAC LIMITED, India
  • Enel Italy
  • Asian Development Bank
  • Bhoruka Overseas - Indonesia
  • EMO - The Netherlands
  • Semirara Mining and Power Corporation, Philippines
  • Ceylon Electricity Board - Sri Lanka
  • Bayan Resources Tbk. - Indonesia
  • Shree Cement - India
  • Chettinad Cement Corporation Ltd - India
  • Africa Commodities Group - South Africa
  • Vitol - Bahrain
  • Chamber of Mines of South Africa
  • Indika Energy - Indonesia
  • RBS Sempra - UK
  • India Bulls Power Limited - India
  • Aditya Birla Group - India
  • KPCL - India
  • Coal India Limited
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Rudhra Energy - India
  • Gupta Coal India Ltd
  • KPMG - USA
  • McKinsey & Co - India
  • Price Waterhouse Coopers - Russia
  • Platou - Singapore
  • Fearnleys - India
  • Thai Mozambique Logistica
  • Rashtriya Ispat Nigam Limited - India
  • Heidelberg Cement - Germany
  • Petrochimia International Co. Ltd.- Taiwan
  • PetroVietnam
  • CCIC - Indonesia
  • Minerals Council of Australia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Meralco Power Generation, Philippines
  • Mjunction Services Limited - India
  • Berau Coal - Indonesia
  • Makarim & Taira - Indonesia
  • KOWEPO - South Korea
  • Independent Power Producers Association of India
  • Ministry of Mines - Canada
  • Sinarmas Energy and Mining - Indonesia
  • Adani Power Ltd - India
  • Arch Coal - USA
  • Thriveni
  • Economic Council, Georgia
  • Pinang Coal Indonesia
  • Kobe Steel Ltd - Japan
  • Inco-Indonesia
  • Surastha Cement
  • Energy Development Corp, Philippines
  • Mercator Lines Limited - India
  • Maruti Cements - India
  • Deutsche Bank - India
  • Miang Besar Coal Terminal - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • UBS Singapore
  • IBC Asia (S) Pte Ltd
  • Romanian Commodities Exchange
  • Russian Coal LLC
  • Kapuas Tunggal Persada - Indonesia
  • Lanco Infratech Ltd - India
  • Indonesian Coal Mining Association
  • Shenhua Group - China
  • Ambuja Cements Ltd - India
  • Dalmia Cement Bharat India
  • Bank of China, Malaysia
  • OCBC - Singapore
  • IOL Indonesia
  • Gresik Semen - Indonesia
  • Central Java Power - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Bukit Makmur.PT - Indonesia
  • SRK Consulting
  • Indorama - Singapore
  • Mitsubishi Corporation
  • Thomson Reuters GRC
  • Barclays Capital - USA
  • McConnell Dowell - Australia
  • Latin American Coal - Colombia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Kumho Petrochemical, South Korea
  • Cebu Energy, Philippines
  • DBS Bank - Singapore
  • JPower - Japan
  • Agrawal Coal Company - India
  • SGS (Thailand) Limited
  • Kepco SPC Power Corporation, Philippines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Maharashtra Electricity Regulatory Commission - India
  • Kohat Cement Company Ltd. - Pakistan
  • Central Electricity Authority - India
  • Essar Steel Hazira Ltd - India
  • Renaissance Capital - South Africa
  • Medco Energi Mining Internasional
  • BRS Brokers - Singapore
  • Intertek Mineral Services - Indonesia
  • Mercuria Energy - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Commonwealth Bank - Australia
  • Metalloyd Limited - United Kingdom
  • Cement Manufacturers Association - India
  • Tanito Harum - Indonesia
  • World Bank
  • Glencore India Pvt. Ltd
  • Mechel - Russia
  • NALCO India
  • Thermax Limited - India
  • Binh Thuan Hamico - Vietnam
  • Tamil Nadu electricity Board
  • Simpson Spence & Young - Indonesia
  • UOB Asia (HK) Ltd
  • SMC Global Power, Philippines
  • Larsen & Toubro Limited - India
  • Altura Mining Limited, Indonesia
  • Riau Bara Harum - Indonesia
  • SMG Consultants - Indonesia
  • Tata Power - India
  • TRAFIGURA, South Korea
  • Goldman Sachs - Singapore
  • Mitsui
  • Platts
  • Holcim Trading Pte Ltd - Singapore
  • Krishnapatnam Port Company Ltd. - India
  • PLN - Indonesia
  • JPMorgan - India
  • Sindya Power Generating Company Private Ltd
  • GB Group - China
  • Peabody Energy - USA
  • SN Aboitiz Power Inc, Philippines
  • Indian School of Mines
  • HSBC - Hong Kong
  • Arutmin Indonesia
  • The Treasury - Australian Government
  • NTPC Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Edison Trading Spa - Italy
  • TNPL - India
  • J M Baxi & Co - India
  • Global Business Power Corporation, Philippines
  • Coalindo Energy - Indonesia
  • White Energy Company Limited
  • CNBM International Corporation - China
  • Trasteel International SA, Italy
  • Planning Commission, India
  • Uttam Galva Steels Limited - India
  • Standard Chartered Bank - UAE
  • Indogreen Group - Indonesia
  • Total Coal South Africa
  • U S Energy Resources
  • Siam City Cement PLC, Thailand
  • ANZ Bank - Australia
  • BNP Paribas - Singapore
  • Tata Chemicals Ltd - India
  • Vale Mozambique
  • Sical Logistics Limited - India
  • Interocean Group of Companies - India
  • GHCL Limited - India
  • Cardiff University - UK
  • Orica Australia Pty. Ltd.
  • Australian Coal Association
  • CIMB Investment Bank - Malaysia
  • Moodys - Singapore
  • Baramulti Group, Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Maersk Broker
  • The India Cements Ltd
  • Adaro Indonesia
  • Georgia Ports Authority, United States
  • Jindal Steel & Power Ltd - India
  • GVK Power & Infra Limited - India
  • Bhushan Steel Limited - India
  • APGENCO India
  • Japan Coal Energy Center
  • CESC Limited - India
  • Ince & co LLP
  • World Coal - UK
  • Port Waratah Coal Services - Australia
  • Antam Resourcindo - Indonesia
  • Global Coal Blending Company Limited - Australia
  • GMR Energy Limited - India
  • IHS Mccloskey Coal Group - USA
  • Grasim Industreis Ltd - India
  • Videocon Industries ltd - India
  • Mitra SK Pvt Ltd - India
  • Directorate General of MIneral and Coal - Indonesia
  • Xindia Steels Limited - India
  • Kideco Jaya Agung - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • GAC Shipping (India) Pvt Ltd
  • Power Finance Corporation Ltd., India
  • Mintek Dendrill Indonesia
  • Credit Suisse - India
  • Wood Mackenzie - Singapore
  • Panama Canal Authority
  • TNB Fuel Sdn Bhd - Malaysia
  • Semirara Mining Corp, Philippines
  • Electricity Generating Authority of Thailand
  • Cemex - Philippines
  • IMC Shipping - Singapore
  • Runge Indonesia
  • Straits Asia Resources Limited - Singapore
  • San Jose City I Power Corp, Philippines
  • Maybank - Singapore
  • Sree Jayajothi Cements Limited - India
  • Sakthi Sugars Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • Permata Bank - Indonesia
  • Lafarge - France
  • Manunggal Multi Energi - Indonesia
  • Jatenergy - Australia
  • Asia Cement - Taiwan
  • Banpu Public Company Limited - Thailand
  • Bharathi Cement Corporation - India
  • CoalTek, United States
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Therma Luzon, Inc, Philippines
  • Qatrana Cement - Jordan
  • GN Power Mariveles Coal Plant, Philippines
  • Parliament of New Zealand
  • bp singapore
  • Samsung - South Korea
  • Ministry of Finance - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • TANGEDCO India
  • South Luzon Thermal Energy Corporation
  • OPG Power Generation Pvt Ltd - India
  • Gujarat Sidhee Cement - India
  • Gujarat Electricity Regulatory Commission - India
  • WorleyParsons
  • Karaikal Port Pvt Ltd - India
  • ING Bank NV - Singapore
  • Malco - India
  • Vizag Seaport Private Limited - India
  • Idemitsu - Japan
  • Siam City Cement - Thailand
  • Infraline Energy - India
  • KEPCO - South Korea
  • Ind-Barath Power Infra Limited - India
  • Attock Cement Pakistan Limited
  • The State Trading Corporation of India Ltd
  • ASAPP Information Group - India
  • Sarangani Energy Corporation, Philippines
  • Posco Energy - South Korea
  • PLN Batubara - Indonesia
  • Coastal Gujarat Power Limited - India
  • Indonesia Power. PT
  • Clarksons - UK
  • Global Green Power PLC Corporation, Philippines
  • Energy Link Ltd, New Zealand
  • IEA Clean Coal Centre - UK
  • London Commodity Brokers - England
  • Star Paper Mills Limited - India
  • Eastern Energy - Thailand
  • GNFC Limited - India
  • SUEK AG - Indonesia
  • Singapore Mercantile Exchange
  • Deloitte Consulting - India
  • Cosco
  • Carbofer General Trading SA - India
  • Kobexindo Tractors - Indoneisa
  • International Coal Ventures Pvt Ltd - India
  • MEC Coal - Indonesia
  • Barasentosa Lestari - Indonesia
  • SASOL - South Africa
  • Argus Media - Singapore
  • Thailand Anthracite
  • Leighton Contractors Pty Ltd - Australia
  • Merrill Lynch Bank
  • ACC Limited - India
  • ETA - Dubai
  • Bangkok Bank PCL
  • MS Steel International - UAE
  • Kaltim Prima Coal - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Bangladesh Power Developement Board
  • Australian Commodity Traders Exchange
  • Eastern Coal Council - USA
  • Indo Tambangraya Megah - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Freeport Indonesia
  • Sojitz Corporation - Japan