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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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- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
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