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Tuesday, 19 July 22
INDONESIA REMOVES PALM OIL EXPORT LEVY UNTIL AUG. 31 - REUTERS
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues.
The decision by the world’s biggest palm oil exporter could further depress prices FCPOc3, which have fallen by about 50% since late April to their lowest in over a year.
Indonesian palm oil producers have been struggling with high inventories since the country imposed a three-week export ban through to May 23 to reduce domestic cooking oil prices.
Since lifting the ban, Jakarta has implemented rules on mandatory local sales – known as the domestic market obligation (DMO) – to keep produce at home to be made into cooking oil.
At the same time, it has tried to clear up storage tanks by cutting export taxes and launching a shipment acceleration programme, but exports remained slow and companies have blamed the DMO rules, as well as problems with securing cargo vessels.
The levy removal is intended to further support exports, Febrio Kacaribu, the ministry’s head of fiscal policy agency, told reporters on the sideline of a G20 finance meeting in Bali.
“In the context of government revenues, (the impact) won’t be too big,” he said.
Finance Minister Sri Mulyani Indrawati said a progressive palm oil export levy would be applied starting Sept. 1, with the rate set between $55 and $240 per tonne for crude palm oil, depending on prices.
High palm oil stocks have forced mills to limit purchases of palm fruits. Farmers have complained their unsold fruits have been left to rot.
There were 7.23 million tonnes of crude palm oil in storage tanks at the end of May, data from the Indonesian Palm Oil Association (GAPKI) showed on Friday.
GAPKI welcomed the new measure, but it recommended the DMO rules be removed too, its secretary general Eddy Martono said.
“For now remove the DMO … until stocks drop to 3 million to 4 million tonnes. Our problem now is the inventory is too high,” he told Reuters.
Source: Reuters
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Saturday, 29 December 18
DELIVERY OF CARGO WITHOUT PRODUCTION OF THE ORIGINAL BILL OF LADING - TT CLUB
KNOWLEDGE TO ELEVATE
As the bill of lading is a document of title, a person presenting it to the carrier or its agent is ostensibly entitled t ...
Friday, 28 December 18
BIMCO 2020 SULPHUR CLAUSES: "A FAIR ALLOCATION OF RESPONSIBILITIES AND LIABILITIES'? - INCE & CO.
To assist owners and charterers to address the legal issues arising under any time charterparties, which will span the 1 January 2020 implementatio ...
Thursday, 27 December 18
DRY BULKERS SPOT FREIGHT MARKET W/E 21 DEC - ALLIED SHIPBROKING
Capesize
A negative week for the Capesize sector, as activity remained at low levels, especially in the Pacific, with rumors regarding agreed r ...
Thursday, 27 December 18
SHIPPING IS ENTERING A NEW ERA OF EVER CHALLENGING CONDITIONS - ALLIED
As we move closer to the end of the year and we look forward into New Year, we are still finding ourselves looking deep into a market outlook full ...
Tuesday, 25 December 18
FUEL QUALITY AND SAFETY IN IMO CONVENTIONS: A GROWING CHALLENGE, EVEN PRIOR TO 1 JANUARY 2020 - IUMI
At the 100th session of the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) meeting discussions on fuel quality a ...
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Showing 1511 to 1515 news of total 6871 |
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- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
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