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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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Tuesday, 07 February 12
DRY BULK MARKET FINALLY STOPS DECLINE, POSTS FIRST RISE IN MORE THAN A MONTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After falling to near record lows, not seen since the mid-80s the dry bulk market has finally stopped its path to "hell", with the industr ...
Saturday, 04 February 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 6,000 PER DAY - VISTAAR
COALspot.com - The markets continued to soften which dropped by almost 11 pct and BDI closing at 647 points.
The drop in BDI was mainly due to dr ...
Thursday, 02 February 12
NO RELIEF YET FOR DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although at the start of 2012 nobody can claim that the global seaborne trade has suddenly come to a halt, quite the contrary, it seems that the dry ...
Wednesday, 01 February 12
KRISHNAPATNAM PORT - GOING DEEP TO SOAR HIGH
COALspot.com - Krishnapatnam Port now rightfully claims as the deepest draft port in India, as it has started accepting vessels with maximum permiss ...
Wednesday, 01 February 12
IN JAMBI, MOST MINING COMPANIES LACK 'CLEAR-AND-CLEAN' PERMITS - JP
More than three-quarters of the 386 mining companies in Jambi lack “clear-and-clean” certifications from the government, according to an ...
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- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Parliament of New Zealand
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- White Energy Company Limited
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Australian Coal Association
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
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