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Monday, 17 February 20
IMO-2020 SULPHUR CAP - ISSUES TO CONSIDER PRIOR TO THE IMPLEMENTATION OF THE CARRIAGE BAN ON 1 MARCH 2020 - STANDARD CLUB
 With the IMO 2020 global sulphur cap now in force, members should bear in mind another significant date in relation to the ‘carriage ban’ – coming into force on 1 March 2020. The ban mandates that fuel oil used and carried on board ships must not exceed the 0.50% sulphur limit, unless the ship is provided with ‘equivalent’ compliance mechanism like exhaust gas cleaning system (EGCS), or ‘scrubbers’.
The carriage ban may prompt increased enforcement action in the coming months, as the breach will be clearly evident to authorities, and it will be relatively straightforward for port state control officers (PSCOs) to pursue action against ships (without scrubbers) that are found to have fuel oil above the 0.50% limit in any of its tanks.
There could also be potential disputes and/or claims arising due to complaints about bunker quality, or when the MARPOL bunker sample tests generate results which exceed the prescribed 0.50% limit.
In order to comply with the carriage ban, members with ships without scrubbers will, therefore, need to ensure that any supplied fuel is in compliance with the sulphur limits set out in MARPOL Annex VI, and that any residual high sulphur fuel in the tanks does not push the limit above 0.50%.
Members are recommended to refer to the following news alerts published on the club’s website in order to prepare themselves for the carriage ban in advance of 1 March 2020 –
• De-bunkering of HSFO
• Blending of fuel on ship for achieving compliance with IMO 2020 regulation
• IMO 2020 – Bunker tank cleaning and preparation to receive compliant fuel
Alternatively, members may consider complying with the carriage ban by installing scrubbers before 1 March 2020. However, given the impact of the coronavirus outbreak in China, there have been reports of delays, and it is highly unlikely that installations will be completed in time.
Source: The Standard Club
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Friday, 13 March 20
PANAMAX: SLIGHTLY STRONGER NUMBERS IN BOTH BASINS THIS WEEK - FEARNLEYS
Cape
Still very sad times for the big ships, and merit in further trading at present levels is highly debatable for most tonnage. Spot fixtures ...
Friday, 13 March 20
TOP 4 ACCOUNTING CONSIDERATIONS AFTER THE IMPLEMENTATION OF IMO 2020 - PWC
To install or not to install?
Following the IMO 2020 global low sulphur cap for marine fuel effective since 1 January 2020, many shi ...
Friday, 13 March 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Friday, 13 March 20
KOREA SOUTH-EAST POWER INVITED BIDS FOR 390,000 MT OF THERMAL COAL FOR MAY-JUNE 2020 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN), has issued an international tender for total 390,000 Metric Tons of coal for May & June ...
Thursday, 12 March 20
INDIA 2019 THERMAL COAL IMPORTS RISE 12.6% TO NEARLY 200 MILLION TONNES - REUTERS
India’s thermal coal imports rose 12.6% to nearly 200 million tonnes in 2019, government data reviewed by Reuters showed, reflecting the seco ...
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- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
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