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Monday, 02 March 20
SHIPOWNERS AND OPERATORS COULD FACE DETENTION OF SHIPS FROM 1ST MARCH UNDER IMO RULE - ICS
 Port state control authorities will begin to enforce the IMO’s Sulphur 2020 from 1st March, making it an offense for ships to carry fuel that contains a sulphur content higher than 0.5 percent unless the ship has an Exhaust Gas Cleaning System.
The International Chamber of Shipping reminds shipowners and operators of the impending ban and reiterates the fact that any ships found to be non-compliant face the prospect of detention.
As of March 1st, enforcement agencies will no longer have to prove usage. Showing that vessels without Exhaust Gas Cleaning Systems have non complient fuel aboard will be enough to prove a violation. Major port state regimes including Paris MoU, Tokyo MoU and the United States Coast Guard (USCG), have made it plain that they will rigorously enforce the requirements.
Guy Platten, Secretary General ICS said:
“Since the introduction of IMO 2020 on 1st January, ships have been given a ‘grace period’ while the industry transitions to low-sulphur fuel. As of 1st March this will no longer be the case. Any ship found in non-compliance faces the prospect of serious fines and even detention.
“The International Chamber of Shipping has been made aware that major port State inspection regimes including the United States Coast Guard (USCG) and the Australian Maritime Safety Authority (AMSA) have made it clear, in no uncertain terms, that detention of ships found to be non-compliant is both possible and legally permissible.
“The information ICS has received is that shipowners are fully compliant and ready for the 1st March. We are simply reminding shipowners and operators that these new rules will come into force as of Sunday 1st March”
ICS is the principal international trade association for merchant shipowners and operators, representing all sectors and trades and over 80% of the world merchant fleet.
Source: ICS
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Energy Development Corp, Philippines
- PTC India Limited - India
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
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