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Tuesday, 26 July 16
NORTH P&I CLUB EXPLAINS HOW TO AVOID CLAIMS FOR SELF-COOKING SOYA BEANS
KNOWLEDGE TO ELEVATE
North P&I Club has advised its members to be extra vigilant during loading and transport of soya beans to ensure they do not get blamed for cargoes that start ‘cooking’ at sea. The advices comes in the latest issue of its loss prevention newsletter Signals.
According to North’s loss prevention director Tony Baker, ‘We have recently experienced a number of high value claims in China associated with damage to soya beans exported from South America. The damage is caused by excessively warm or moist cargoes starting to self-heat, which leads to the cargo becoming mouldy, caked or discoloured.’
He says China Inspection and Quarantine may test any suspect cargo on arrival but the ship may not necessarily be aware of the results. A cargo damage claim may result with a threat of arrest unless a large security payment is made.
‘Though the ship has done nothing to cause the damage, its negotiating position can be weak without detailed evidence from the load port and during the voyage,’ says deputy loss prevention director Colin Gillespie. ‘Good evidence will significantly strengthen this position.’
He says soya beans generally have a long shelf life provided they remain below 25°C and contain no more than 11.5% moisture. ‘The 40-day voyage between Brazil and China should not be a problem,’ says Gillespie. ‘If beans are loaded at 25–35°C and their moisture content is above 11.5% they will potentially start to self-heat after a period as short as 20 days – putting the ship at real commercial risk.’
North says recent cargoes of soya beans loaded in Brazil at over 30°C and with an average moisture content of 12.6% have self-heated. ‘In such situations it is vital for masters to have evidence of the loading conditions, ideally in the form of a load-port certificate of quality from the seller recording actual average moisture content,’ says Gillespie.
‘Masters should also consider taking their own samples for comparison, as well as a photographic record of the loading. In addition they need to keep temperature and ventilation records throughout the voyage. While ventilation has minimal effect on self-heating, accurate records will help avoid any suggestion that ventilation, or lack of it, was responsible for damaging an already unstable cargo.’
Source: North P&I Club | Hellenic Shipping News
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Thursday, 28 July 16
FITCH RAISES CORPORATE OIL PRICE ASSUMPTION FOR 2016 TO USD42
Fitch Ratings has raised the 2016 oil price assumptions it uses when rating energy-sector corporates, but expects record high inventories to slow a ...
Thursday, 28 July 16
LAST WEEK ENDING UP WITH BUSIER TONES FOR SUPRAMAXES NOW COOLING DOWN - FEARNLEYS
Supramax
Last week ending up with busier tones for Supramaxes now cooling down as with index being down to 684. Average daily earnings for Supram ...
Wednesday, 27 July 16
RATES FOR THE SMALLER SIZES OVER-PERFORMED THE MARKET LAST WEEK - INTERMODAL
The decline the BDI noted last week was somewhat expected given the fact that the market has been overall firming for almost a month no ...
Wednesday, 27 July 16
GLOBAL OIL SUPPLY IS EXPECTED TO REMAIN HIGHER THAN GLOBAL CONSUMPTION IN 2016 - CHRISTOPHER WHITTY
Global oil supply is expected to remain higher than global consumption in 2016, keeping oil prices at relatively low levels this summer compared wi ...
Monday, 25 July 16
STRONG BUYER DEMAND PUSHING UP INDONESIAN THERMAL COAL INDICES
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.73 percent week over week to averaging $40.83 per ton this past week, shows C ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- PTC India Limited - India
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
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