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Tuesday, 25 December 18
FUEL QUALITY AND SAFETY IN IMO CONVENTIONS: A GROWING CHALLENGE, EVEN PRIOR TO 1 JANUARY 2020 - IUMI
 At the 100th session of the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) meeting discussions on fuel quality and safety were high on the agenda. Poor fuel quality is a problem which affects many stakeholders in the supply chain.
The contamination incident which occurred in the United States Gulf ports in the summer highlighted that biofuels are not properly catered for under the International Organization for Standardization (ISO) standard 8217. They fall, at best, under the stipulation that fuels should be fit for purpose. Numbers vary, but at least 100 ships were affected by their supplied biodiesel fuel which contained added substances, namely fatty acid methyl esters or FAME. In many cases, this adversely affected the performance of the machinery.
Biofuel contamination shares a commonality with fuel containing too many deliberately introduced catalytic (“cat”) fines – in both cases, the fuel supplied is unfit for use. In the case of cat fines, the fuel is known in advance to be unusable as supplied, whereas with biofuels, deficiencies only manifest in use. If fuels are unfit, in contravention to the requirements of MARPOL Annex 6, the validity of marine insurance cover may be called into question where ships are rendered unseaworthy.
IUMI believes that the current system of leaving the testing or damage to the end user is outdated. This approach has become unacceptable and must be changed. The motor and aviation sectors are positive examples of how the supply system works more effectively. Governments have agreed to compel the use of certain grades of fuel for ships; they should now equally recognise it is time to oblige the refineries to do the testing – not the end user. Traditionally, refiners have argued this can be done but will be more expensive. That rather old defence should be balanced against the cost of filtration systems and scrubbers across the world fleet, the cost of engine repairs, the increased risk of a consequent collision and pollution and by no means least, the cost of delay in deliveries.
There are potential third-party safety risks as the new blends of fuels have variable properties which are not standardised; they have different viscosity, flash points and pour points, meaning not only is performance unpredictable, they cannot be safely mixed with other new blends of fuels. The inevitable result will be more claims as a result of combustion problems.
If no remedial action is taken, there will be continued and growing expense, anticipated to be worse than the wave of cat fines claims after the SOx regulations of 2005. There could also be ensuing disruption to financial and social stability in a globally connected trade system where any delay has potentially significant consequences. As insurance will not automatically pay for the resultant damage, the cost will inevitably be passed via the owners and charterers to the voting consumer. IUMI would hope that IMO will encourage ISO to embark on the urgent amendment of the ISO 8217 legislation to deal with biofuels and indeed the 2020 sulphur cap.
Source: International Union of Marine Insurance
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Sunday, 20 January 19
OIL MARKET REPORT: A MARATHON, NOT A SPRINT - IEA
Last month, we asked if there was a floor under prices following the signing of a new Vienna Agreement that aims to re-balance the oil market. Foll ...
Thursday, 17 January 19
EIA ESTIMATES THAT U.S. COAL EXPORTS WERE 116 MMST IN 2018, 20% HIGHER THAN THE AMOUNT EXPORTED IN 2017
Coal Supply
EIA estimates that coal production declined by 20 million short tons (MMst) (3%) in 2018, despite a 19 MMst increase in U.S. coal e ...
Thursday, 17 January 19
U.S COAL OUTPUT IS EXPECTED TO FALL BY 3 PER CENT IN 2019 - EIA
EIA forecasts that U.S. coal production will total 729 million short tons (MMst) in 2019, down by 25 MMst (3%) from 2018.
Acco ...
Wednesday, 16 January 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we go through the first days of the year and just a few weeks before the Chinese New Year, the ship repair sector is witnessing a big difference ...
Monday, 14 January 19
KOREA SOUTHERN POWER INVITES BIDS FOR 320,000 MT OF MIN 3,800 NCV COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 3,800 kcal/kg NCV coal for ...
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- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- PTC India Limited - India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Cement Manufacturers Association - India
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