China Inquires About Chinese Crew Aboard Tankers Seized By Indonesia
China said on Wednesday it was seeking details about 25 of its nationals who were among 61 crew on two supertankers seized by Indonesia on suspicion of illegally transferring oil.Indonesia said on Sunday it had seized the vessels after they were detected making the transfer from Iranian-flagged MT Horse to Panamanian-flagged MT Freya, causing an oil spill.The Indonesian authorities said the seizure was not related to U.S. sanctions, which Washington imposed in a bid to shut off Iran’s oil exports in a dispute over Tehran’s nuclear program.The MT Horse, owned by the National Iranian Tanker Company, and MT Freya, managed by Shanghai Future Ship Management Co…
Indonesia Escorts Seized Tankers to Dock for Investigation
The Iranian and Panamanian-flagged vessels seized by Indonesian authorities for suspected illegal oil transfers are making their way to dock at Batam island in the country’s Riau Islands Province for further investigation, a Indonesia coast guard spokesman told Reuters.The two supertankers, with crew members from Iran and China, were seized on Sunday in Indonesian waters near Kalimantan island. The MT Horse, owned by the National Iranian Tanker Company and MT Freya, managed by Shanghai Future Ship Management Co, had a total of 61 crew members onboard.“The ships will arrive in Batam at around 3pm (0600GMT) to 4pm later today,” Wisnu Pramandita…
Asian Coal Prices Spike Amidst Shipping Congestion
Over 500 ships waiting to load or unload coal; strong winter demand has driven coal, LNG and oil prices. Asian benchmark thermal coal prices have pushed to their highest levels since 2016, fuelled by demand in China and loading delays in Indonesia that have ramped up shipping congestion outside major coal ports. Spot cargo prices for Australian Newcastle coal have risen nearly 15 percent from lows in late November after China loosened import restrictions to help meet a winter fuel shortage. "The reason behind relaxing the restrictions was to ensure coal supplies at utilities, as some coal-fired power plants in eastern regions have been operating with minimum coal inventories," said Zhang Xiaojin, coal analyst at Everbright Futures.
Indonesia Offers 26 Oil-and-gas Blocks
According to Thomson Financial, the Indonesian government launched a tender for 26 oil-and-gas blocks to boost the country's oil and gas production. The oil and gas blocks that were offered today include the Bawean II, East Bawean I, Situbondo, and the North East Madura blocks onshore and offshore East Java province, as well as the South Barito (onshore and offshore) and Mahakam Hilir (onshore) blocks on Kalimantan island. [Source: Thomson Financial]
