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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, 23 August 22
SHIPPING: GLOBAL TAX REFORM - WATSON FARLEY & WILLIAMS
OECD rules designed to implement a global minimum corporate tax rate for very large multinational groups have now been published and are expected t ...
Tuesday, 23 August 22
PARTIES CONCLUDE JOINT R&D AGREEMENT FOR WORLD’S FIRST AMMONIA FLOATING STORAGE AND REGASIFICATION BARGE CONTRIBUTING TO PROMOTING THE EARLY INTRODUCTION OF AMMONIA FUEL - NYK
NYK Line, Nihon Shipyard Co., Ltd. (NSY), ClassNK, and IHI Corporation (IHI) signed a joint research and development agreement for the commercializ ...
Monday, 22 August 22
INDONESIAN GOVERNMENT IMPOSED ON NEW PROGRESSIVE ROYALTIES FOR COAL
Indonesian President Joko Widodo has signed a Government Regulation (Number 26 of 2022) on 15 August 2022 related to the progressive royalty rates ...
Monday, 22 August 22
CHINA'S JULY RUSSIAN COAL IMPORTS HIT 5-YR HIGH AS WEST SHUNS MOSCOW - REUTERS
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted c ...
Sunday, 21 August 22
COAL-RICH POLAND FACES WINTER OF ENERGY DISCONTENT - DW
Poland uses 10 million tons of coal a year to heat households — a whopping 87% of all coal consumed in EU homes in 2019, according to the War ...
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- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Ministry of Mines - Canada
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- Bulk Trading Sa - Switzerland
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- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- The University of Queensland
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
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