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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, 19 July 22
WHY SHIPPING MIGHT BE ABOUT TO GET A LITTLE BIT SLOWER - WORLD ECONOMIC FORUM
If shipping is the beating heart of global trade, its pulse is about to get slower.
Faced with uncertainty about which fuels to use in the long ...
Tuesday, 19 July 22
GERMANY'S INCREASED COAL, OIL USE WILL BE TEMPORARY, SCHOLZ SAYS - CNBC
Chancellor Olaf Scholz says Germany’s decision to reactivate coal and oil-fired power plants to relieve energy shortages because of the war i ...
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, finan ...
Tuesday, 19 July 22
CHINA'S JUNE DAILY COAL OUTPUT JUMPS ON PEAK SUMMER DEMAND - REUTERS
China’s daily coal output in June rose 6.6 per cent from a month earlier as miners cranked up output ahead of peak summer temperatures, when ...
Tuesday, 19 July 22
SEEING RED? - WOOD MACKENZIE
What a Republican mid-term victory could mean for US energy and climate policy
According to current polling the Republican Party has ...
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- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
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