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Tuesday, 27 December 11
NEW CLAUSE PUBLISHED FOR SLOW STEAMING - BIMCO
Many owners and operators faced with high bunker prices are considering implementing slow steaming regimes to save fuel and to assist with capacity planning. In the scheduled liner industry, slow steaming and “super” slow steaming has been a common practice for several years. Other sectors of the industry are now looking at the possibility of slow steaming, but are aware of the need for a special provision to incorporate into their charter parties to deal with the legal and technical aspects of this practice. In response to this demand BIMCO has been working over the past year on developing two new standard charter party clauses – one for time charter parties and the other for voyage charters.
The first to be published is the time charter clause which was adopted by BIMCO’s Documentary Committee in November. The Clause has been issued as a Special Circular to Members (No. 7, dated 23 December 2011)
BIMCO has consulted with the major engine designers during the development of the Clause to ensure that the technicalities of slow steaming are properly reflected in its provisions.
The legal aspects of slow steaming under a time charter party primarily relate to the owners’ obligations to follow the charterers’ slow steaming instructions while taking into account the safety of the vessel, crew and cargo and obligations towards third parties, such as holders of bills of lading. All of these issues have been addressed in the Slow Steaming Clause for Time Charter Parties with valuable input provided by lawyers and P&I Club representatives.
A voyage charter party edition of the Clause will follow shortly.
Source: BIMCO / Hellenic Shipping
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Thursday, 22 March 12
ECI-CHINA HANDY RATES ARE AROUND US$ 8000 - FEARNLEYS
Handy
Another positive trend was seen last week with more cargoes entering the market. Skaw-Passero/US Gulf climbed slowly up to USD 3700, while US ...
Thursday, 22 March 12
DRY BULK MARKET KEEPS SURGING, CAPESIZES FALLING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what seems to be an establishing pattern, the dry bulk market has kept its upward momentum, edging closer to the 900 point-mark, but the larger s ...
Wednesday, 21 March 12
BUMA HAS PRODUCED 2.3 MILLION TONS OF COAL IN FEBRUARY 2012
COALspot.com - PT. Delta Dunia Makmur's overburden removal in February 2012 has reached totaled 23.8 million bcm (+2.4% YoY) while coal production ...
Tuesday, 20 March 12
SMALLER DRY BULK VESSELS STILL LEADING DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been growing during the past couple of weeks, but contrary to the usual practice, it’s not the larger Capesizes which ...
Monday, 19 March 12
WEEKLY DRY MARKET OVERVIEW: SMALLER VESSELS LEAD RATES HIGHER - MARIA BERTZELETOU, HELLENIC SHIPPING
The upward trend of the Baltic Dry Index persists strong from the end of February, spurred from the supramax market that offsets the weakness in the ...
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- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Australian Coal Association
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- White Energy Company Limited
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
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