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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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Sunday, 23 February 20
SHIPPING INDUSTRY FACES $370 MILLION HIT FROM NEW PANAMA CANAL CHARGE - REUTERS
A new “freshwater” charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up ...
Sunday, 23 February 20
A 57,000DWT SHIP FIXING DELIVERY SOUTH KALIMANTAN TRIP, REDELIVERY CJK, AT $7,600 - BALTIC BRIEFING
Capesize
The Capesize market found little to cheer about this week as it again endured remarkable lows. The Atlantic continued to improve, with ...
Saturday, 22 February 20
THE SURPRISING MOVE IN MARINE FUEL SPREADS - ING
Middle distillates tank
One of the biggest surprises since the implementation of new International Maritime Organization (IMO) sulphur regulati ...
Friday, 21 February 20
CAPE: AVERAGE NOMINAL DAILY EARNINGS STILL ADMITTEDLY UNCHANGED W-O-W AT BELOW US$3000 - FEARNLEYS
CAPE
The worst may just about be over for the big ships. Average nominal daily earnings still admittedly unchanged w-o-w at below US$3k, but sent ...
Friday, 21 February 20
INDIA: POTENTIAL INVESTORS SEEK MORE CLARITY ON COMMERCIAL COAL MINING NORMS - FINANCIAL EXPRESS
Potential private investors have sought more clarity on the pricing mechanism proposed for the much-anticipated auction for commercial coal mining. ...
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- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Parliament of New Zealand
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
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