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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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Thursday, 06 October 22
COAL INDIA ASKED TO ENHANCE SUPPLY TO THERMAL POWER PLANTS - IANS
With the festival season round the corner, Coal India Ltd. has been directed by the government to scale up dispatch to thermal power plants.
&n ...
Wednesday, 05 October 22
BUNKER PRICES DOWN AGAIN; IS THERE MORE TO COME? - INTEGR8 FUELS
It’s the economy…..”
VLSFO prices are now back to levels at the start of this year. After all the extremes of thi ...
Wednesday, 05 October 22
MARKET INSIGHT - INTERMODAL
Amid the looming western sanctions on Russia, the country is challenged to pivot its energy markets away from Europe and toward the East. Yet, Russ ...
Tuesday, 04 October 22
A REMARKABLE SHIFT IN FORTUNES HAS BEEN NOTED IN THE CRUDE OIL TANKER MARKETS - ALLIED SHIPPING
A remarkable shift in fortunes has been noted in the crude oil tanker markets over the past month, yet despite these shifts being seemingly in thei ...
Tuesday, 04 October 22
OIL PRICES COULD SOON RETURN TO $100 AS OPEC+ CONSIDERS ‘HISTORIC’ CUT, ANALYSTS SAY - CNBC
An influential alliance of some of the world’s most powerful oil producers is reportedly considering their largest output cut since the start ...
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- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
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