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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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Wednesday, 19 October 22
WHAT WILL THE GAS MARKET LOOK LIKE IN A NET ZERO WORLD? - WOOD MACKENZIE
The global gas and LNG market faces a number of ‘great unknowns’. With the market in turmoil uncertainty abounds – from the scale ...
Wednesday, 19 October 22
MARKET INSIGHT - INTERMODAL
The LNG market remains extremely tight, and as a result adding further pressure on the vessel charter market, which is already stretched due to the ...
Sunday, 16 October 22
COULD A RETURN TO SHALE EXPLORATION BE PART OF THE SOLUTION TO EUROPE'S GAS SUPPLY PROBLEM? - WOOD MACKENZIE
The European gas market is in turmoil. Russia’s invasion of Ukraine has shaken things up, triggering a complete rethink of European energy st ...
Thursday, 13 October 22
THERMAL COAL PRICES RETREAT AS WINTER SUPPLY FEARS EASE - REUTERS
The prices of key thermal seaborne coal grades are retreating amid signs that supplies will be sufficient to meet winter demand in both Europe and ...
Thursday, 13 October 22
SPOT COAL BIDDING: CHINESE FIRM WANTS REVISED MECHANISM - BUSINESS RECORDER
Chinese company M/s Huaneng Shandong Ruyi (Pakistan) Energy Limited (HSR) has cautioned National Electric Power Regulatory Authority (Nepra) that i ...
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- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
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