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Monday, 25 January 21
NEW LAW IN CALIFORNIA, USA, AFFECTING SHIPOWNERS' LIABILITY FOR OIL POLLUTION - BIMCO
 Members are advised that amendments to the so-called Lempert-Keene-Seastrand Oil Spill Prevention and Response Act of 1990 in the State of California on criminal fines for oil spill violations in state waters entered into force on 1 January 2021. BIMCO takes the opportunity to remind members about the importance of strict compliance with this and other environmental laws.
The new California law, which entered into force on 1 January 2021, doubles the existing minimum and maximum fines for certain oil spill violations related, among other things, to persons who knowingly engage in or cause the discharge or spill of oil into waters or knowingly fail to begin clean-up etc. of spilled oil. For certain violations the new law also authorises the court, at its discretion, to impose a fine of up to USD 1,000 per gallon spilled in excess of 1,000 gallons of oil – a fine which is not statutorily capped.
Members should be particularly aware that the increased fines can be applied both to intentional violations and violations resulting from negligence (“a person who reasonably should have known”). The law applies to a wide range of corporations and individuals, including, but not limited to, owners, operators, and managers of ships of all types and their employees.
According to a Circular of 4 December 2020 available from the International Group of P&I Clubs (IG), the IG Clubs have considered the potential impact of the new law on cover for pollution risks and do not believe it would be appropriate to seek to amend the existing limit of cover to respond to the significant but nonetheless isolated new piece of legislation. The IG Clubs also believe that such an amendment, in any event, would be impossible to achieve within the current confines of the global reinsurance markets if sufficient cover were to be required to respond in full to the maximum level of fines that might potentially be levied by the Californian courts for accidental pollution.
In its circular, the IG Club Members are reminded that there is already cover of USD 1 billion per ship per incident for oil pollution damage, which covers response costs and third party claims as well as fines where they fall under Club Rules, and all limits of liability under OPA `90 regardless of ship type remain capable of cover well within this capacity.
BIMCO is liaising with the International Chamber of Shipping (ICS) about the impact of the new law on shipping operations in the State of California and would welcome any feedback from members trading in these waters.
Source: BIMCO
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Friday, 15 January 21
OVER US$50 BILLION IN GAS POWER PROJECTS AND LNG IMPORT FACILITIES AT RISK OF CANCELLATION IN BANGLADESH, PAKISTAN AND VIETNAM - IEEFA
Pakistan and Bangladesh have already cancelled tenders for LNG imports
Emerging markets such as Vietnam, Pakistan and Bangladesh tha ...
Friday, 15 January 21
VIETNAM'S EXTRAORDINARY ROOFTOP SOLAR SUCCESS DEALS ANOTHER BLOW TO THE REMAINING COAL PIPELINE - IEEFA
9.3 gigawatts peak of solar capacity, equal to 6 coal power plants, installed in less than a year
Vietnam’s solar power indust ...
Friday, 15 January 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 14 January 21
KOREA MIDLAND POWER INVITED BIDS FOR AUSTRALIAN COAL FOR THREE YEARS SUPPLY
COALspot.com: Korea Midland Power Co. Ltd, issued an International tender for total 1,560,000 MT of Min.5,700 kcal/kg NCV coal of Australian Origin ...
Wednesday, 13 January 21
CHINA THERMAL GENCO PROFITS FACE PRESSURE AMID POWER SHORTAGES - FITHCH WIRE
High coal and gas prices will put near-term pressure on margins for thermal power generators in China, says Fitch Ratings. However, the power short ...
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- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Australian Coal Association
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Economic Council, Georgia
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Parliament of New Zealand
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
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