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Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage while increasing transit time from 16 days to 32 days according to a report by LSEG Shipping Research.
These additional costs mostly accounts for extra fuel and increases costs for an Aframax tanker by 110%, while for a large container vessel it increases by 35% for a voyage between Asia to NW Europe.
Transits through Suez have been hugely affected following the Red Sea attacks. Average monthly transits through the Suez from June to November 2023 was seen at 1914. This dropped to 1672 in December, a 12.6% drop in transits and January month-to-date transits are assessed at 947 as of 22nd Jan, which translates to a 32.6% decline.
Daily container vessel traffic within the Red Sea have dropped by almost 60% since mid-December, with the larger container ships being the most responsive to avoid the region as their transits have declined by over 80%.
For those that elect to transit via the Red Sea, ships are also using AIS to broadcast deterrence messages in addition to standard security protocols.
Fabrice Maille, Global Head of Shipping at LSEG, comments: “As we saw with the grounding of the Ever Given in 2021, the importance of the Suez Canal and the Red Sea to global trade cannot be understated.
“The impact of this conflict is therefore considerable leading to very difficult decisions to be made regarding financial costs and security risks.
“Our customers are bringing together a vast array of data points from insurance premiums, average speed, and even AIS messages aimed at threats, in real-time, to mitigate these risks effectively. Their feedback is also helping us develop tools and solutions to help respond to future crises.”
Source: LSEG
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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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Showing 16 to 20 news of total 6871 |
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- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Australian Coal Association
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- ASAPP Information Group - India
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- The University of Queensland
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
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