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Wednesday, 14 November 18
BIMCO ADOPTS 2020 BUNKER CLAUSES
 BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release.
The Global Marine Fuel Sulphur Clause for Time Charter Parties was approved by the Documentary Committee at its meeting in Copenhagen on 13 November.
“It is very important that the new sulphur clauses are ready well in advance to allow the parties to prepare ahead of 1 January 2020,” says Peter Eckhardt, chairperson of the drafting committee and Head of Chartering and Operations at Reederei F. Laeisz.
“The Global Marine Fuel Sulphur Clause for Time Charter Parties will help them do exactly that, as it sets out the obligations and responsibilities of owners and charterers to comply with MARPOL Annex VI sulphur content requirements.” Eckhardt says.
The clause states that charterers are obliged to provide fuel that complies with MARPOL requirements, grades and specifications set out in the charter party, and it is a general compliance clause. It also states that charterers must use suppliers and bunker barge operators who comply with MARPOL and that shipowners will remain responsible for the fuel management.
The second clause discussed at the Committee meeting in Copenhagen deals with the transitional period from the end of 2019 to the beginning of 2020. The two clauses will be published as one package.
The clause focuses on cooperation between owners and charterers to minimise quantities of non-compliant fuel on board by 31 December 2019.
It states that any remaining non-compliant fuel on board after 1 January 2020 has to be removed no later than re-delivery or 1 March 2020 – whichever comes first. It also states that removal of non-compliant fuel must be done at the charterers’ cost, while tank cleaning must be done at the cost of the shipowners.
Source: BIMCO
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Thursday, 22 November 18
SHUT OUT OF CHINA, U.S. COAL EXPORTERS FIND FAVOUR IN INDIA, FOR NOW - REUTERS
U.S. coal exporters have effectively lost a promising market in China since the imposition of tariffs as part of the ongoing trade dispute, but so ...
Wednesday, 21 November 18
SHIPPING MARKET INSIGHT - DIMITRIS KOURTESIS
Halfway through the fourth and last quarter of the year, we spot a significant change in freight rates for tankers trading dirty, as well as on the ...
Tuesday, 20 November 18
FREIGHT RATES IN THE CRUDE OIL MARKET HAVE ALREADY PICKED UP OVER THE PAST COUPLE OF WEEKS - YIANNIS VAMVAKAS
Current geopolitical developments between Iran and the US, which have led the latter to re-impose its sanctions, have significantly affected oil pr ...
Tuesday, 20 November 18
GOLDEN ENERGY AND RESOURCES LEADS A$249M BID FOR AUSTRALIA-LISTED STANMORE COAL - THE STRAITS TIMES
Singapore-listed Golden Energy and Resources (GEAR) is leading deals worth up to A$249 million (S$250 million) to acquire Australia-listed Stanmore ...
Monday, 19 November 18
INDONESIA'S LEADING EIGHT COAL MINER'S COAL MINING CONTRACTS ARE EXPECTED TO EXPIRE BETWEEN YEAR 2019 - 2025
The Ministry of Energy and Mineral Resources (ESDM) said, eight Coal Contract of Works (CCoW) will expected to expire between 2019 to 2026, Liputan ...
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- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
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