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Tuesday, 23 August 22
SHIPPING INDUSTRY TO REMOVE THE INDIAN OCEAN HIGH RISK AREA - BIMCO
After more than a decade of effective threat-reducing counter-piracy operations the shipping industry has removed the ‘Indian Ocean High Risk Area’ (HRA).
Notification of the removal of the HRA from 0001 UTC on 1 January 2023 by industry bodies was forwarded in a submission today, 22 August, to the International Maritime Organization (IMO) for the next meeting of the Maritime Safety Committee scheduled to start on 31 October 2022.
The removal of the HRA reflects a significantly improved piracy situation in the region, largely due to concerted counter-piracy efforts by many regional and international stakeholders. No piracy attacks against merchant ships have occurred off Somalia since 2018.
The IMO has been informed of the decision made by International Chamber of Shipping (ICS), BIMCO, International Marine Contractors Association (IMCA), INTERCARGO, INTERTANKO and Oil Companies International Marine Forum (OCIMF).
Measures enacted to secure the waters by military, political, civil society, and shipping industry, as well as Best Management Practices guidance, have reduced the threat of piracy in the Indian Ocean.
The removal of the HRA will come into effect at 0001 UTC on 1 January 2023, allowing charterers, shipowners and operators time to adapt to the changed threat from piracy. Best Management Practices 5 (BMP5) will continue to provide the necessary guidance for shipping to ensure threat and risk assessments are developed for every voyage to mitigate the risks presented by remaining security threats in the region. The shipping industry will continue to monitor and advise on maritime security threats to assist the safe transit of vessels and the seafarers who crew them. Pre-voyage threat and risk assessments should consider the latest maritime security information from organisations supporting the VRA.
The area being removed is the “High Risk Area” as shown on UKHO Chart Q6099. The Voluntary Reporting Area (VRA) administered by UKMTO has not changed. Ships entering the VRA are encouraged to report to the UKMTO and register with the Maritime Security Centre for the Horn of Africa (MSCHOA) in accordance with industry BMP (Best Management Practices).
The HRA IMO submission co-sponsors commented:
“This announcement is a testament to nearly 15 years of dedicated collaboration to reduce the threat of piracy in the Indian Ocean. Through a combination of efforts by military, political, civil society, and the shipping industry over the years, operators and seafarers are now able to operate with increased confidence in these waters.
“Thanks and gratitude is given to all the seafarers and offshore workers who have served during this time in safely maintaining global trade and operations.
“Threat and risk assessments should still be carried out, and best management practices followed to continue to mitigate the risks presented in a changeable and often complex and potentially threatening environment.”
Sources: BIMCO, ICS,IMCA, INTERCARGO, INTERTANKO, OCIMF
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Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
Friday, 10 November 23
THE COMMODITIES FEED: OIL UNDER PRESSURE - ING
Energy – Brent plummets
The oil market came under significant pressure yesterday. ICE Brent settled 4.19% lower on the day and ...
Friday, 10 November 23
COAL USE AT U.S. POWER PLANTS CONTINUES DOWNWARD SPIRAL; FULL IMPACT ON MINES TO BE FELT IN 2024 - IEEFA
This year, the use of coal by the U.S.’s power producers has been so anemic that the fuel has not achieved a 20% market share in any month so ...
Friday, 10 November 23
INDIA: NATIONAL COAL INDEX RISES 3.83 POINTS IN SEPTEMBER AMID HIGHER DEMAND - LIVEMINT
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal.
The union coal ministry on Tuesd ...
Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production ...
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- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
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