Palm Oil News

18 Mar 2020

Indonesia Revokes Rule Requiring Domestic Ships for Some Exports

© Stephane Rochon / Adobe Stock

Indonesia's government will revoke rules requiring exporters of coal and palm oil to use domestic shipping companies for shipments, Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan told reporters on Wednesday.Indonesia, the world's biggest thermal coal exporter, issued regulations in 2018 requiring its coal and palm oil exporters to use domestic shipping companies, which were due to come into force this May.The government has since concluded that the rule would be disruptive for exports and President Joko Widodo has ordered it to be revoked…

02 Mar 2020

Unix Line Convicted for Concealing Illegal Discharge

© Tom Anderson / MarineTraffic.com

Singapore-based shipping company Unix Line PTE Ltd. pleaded guilty in U.S. federal court to a violation of the Act to Prevent Pollution from Ships.Unix Line admitted that its crew members onboard the 16,408 gross-ton oceangoing motor tanker Zao Galaxy knowingly failed to record in the vessel’s oil record book the overboard discharge of oily bilge water without the use of required pollution-prevention equipment, during the vessel’s voyage from the Philippines to Richmond, Calif.According to the plea agreement…

20 Nov 2018

Six Activists Released After Detention on Palm Oil Tanker Issue

Pic: Greenpeace

The six activists who were detained for 33 hours on board a shipment carrying dirty palm oil into Europe have been released by Spanish authorities in Algeciras.The Greenpeace International volunteers climbed onto the Stolt Tenacity tanker at dawn on Saturday, and delayed its journey from Indonesia to The Netherlands for almost two days.The climbers were protesting a 185-metre long cargo loaded with palm oil products from Wilmar, the biggest palm oil trader in the world, which…

11 Oct 2018

Stena Bulk Forms Chemical Tanker JV with Bay Crest Management

GSW Frontier (Photo: Stena Bulk)

Golden-Agri Stena, a joint venture between Sweden based tanker shipping company Stena Bulk and Indonesia’s largest palm oil producer Golden Agri-Resources, has started a new joint venture with Japan's Bay Crest Management for the the operation and commercial management of chemical tankers.The new joint venture, GSB Tankers, will commence operation on January 1, 2019, managing 18 chemical tankers to start, with the aim of managing 30 vessels within the next two years.The joint venture will operate out of the existing premises of Golden-Agri Stena.

01 Jun 2018

Total Determined to Drill Amazon Basin as Greenpeace Storms AGM

(Image: Total)

Total is determined to push ahead with its plans to drill for oil in the Amazon basin, it said on Friday as Greenpeace activists interrupted its annual general meeting in protest at the project.The French oil major wants to explore Brazil's Foz do Amazonas basin, but Brazil's environmental agency rejected its licence application on Tuesday for a fourth time.As the company's annual general meeting opened in Paris on Friday, four activists from Greenpeace descended by rope from the ceiling above the stage…

03 Apr 2018

Indonesia to Postpone New Coal, Palm Oil Shipping Rules to 2020

© Dane Mo / Adobe Stock

Indonesia will postpone until 2020 trade rules requiring exporters of coal and crude palm oil to use only Indonesian-flagged vessels, Industry Minister Airlangga Hartarto said, among efforts to increase foreign exchange reserves. The rules, due to take effect this month and intended to boost the archipelago's shipping industry, were initially postponed in February after raising concerns in coal and palm oil industries over the availability of local vessels. "The timing will be adjusted…

15 Mar 2018

Chemical Tankers Market to Grow at a CAGR of 4.5% by 2022

Pic: Bahri (Saudi Arabia)

The chemical tankers market is projected to grow from USD 26.63 billion in 2017 to USD 33.11 billion by 2022, at a CAGR of 4.5% between 2017 and 2022, said a research report. The flourishing chemical industry and increasing use of water transportation for transferring chemicals from one place to another across the globe are the major driving factors for the growth of the chemical tankers market, said Report Linker. Chemical tankers market includes revenues earned through shipping of chemicals and related products.

27 Feb 2018

Indonesia Delays New Rules to Limit Coal, Palm Oil Shipments

© Stephane Rochon / Adobe Stock

Indonesia has postponed indefinitely the application of new rules that would limit shipments of coal and palm oil exports to only national shipping companies, a Coordinating Economic Ministry official said on Tuesday. The rule will only be applied once vessel requirements have been calculated and satisfied by the trade ministry, shipping industry and coal and palm oil exporters, Elen Setiadi, acting chief of trade and industry at the Coordinating Economic Ministry, told Reuters by phone.

09 Nov 2017

Better Outlook for Chemical Tankers

Photo: Drewry Shipping Consultants Limited.

Subdued ordering and a narrowing in the tonnage supply-demand gap from late 2018 is expected to support a recovery in the chemical shipping market, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. Drewry estimates that tonne-mile demand of chemical commodities will grow at 3.8% on a year-on-year basis in 2017, of which the organic trade is likely to grow only at 1.5%. By contrast, inorganic and vegoil tonne-miles are expected to increase by 6.3% and 6.5%.

09 Aug 2017

Hong Kong Continues Cleanup Following Palm Oil Spill

Hong Kong stepped up efforts on Wednesday to clean up a massive palm oil spill, with authorities scooping up more than 90 tonnes of foul-smelling, styrofoam-like clumps in one of the worst environmental disasters to blight the territory's waters. Dead fish, shells, rocks, plastic bottles and other rubbish could still be found coated with globules of palm oil on beaches across the Chinese-controlled territory six days after the spill caused after two vessels collided in the Pearl River estuary. The government said it had scooped up 93 tonnes of oil waste, most of it congealed, and the amount left floating on the sea surface had fallen significantly.

30 Mar 2017

Partners Ink MOU for Indonesia Maritime Logistics

LOUIS DREYFUS ARMATEURS Group (LDA) has signed a Memorandum of Understanding (MOU) with palm oil plantation company Golden Agri-Resources (GAR) to develop maritime logistics business opportunities in Indonesia. The MOU signed between GAR and LDA focuses on developing logistics in Indonesia for the next five years with planned acquisitions and investments amounting to around $100 million. In 2014, LDA and GAR established a joint venture company dedicated to transport LDA and GAR cargoes within Indonesian waters. In 2016, this JV transported 4,500,000 metric tons of various cargoes. “This new step in our partnership with GAR confirms LDA’s strategy to keep strong links with Indonesia where our Group has been active for more than 25 years…

26 Jul 2016

Nigeria Becomes Piracy Kidnapping Hotspot, says IMB

Graphics: International Maritime Bureau

Despite global improvements, kidnappings are on the rise, with 44 crew captured for ransom in 2016, 24 of them in Nigeria, up from 10 in the first half of 2015. The Gulf of Guinea accounted for seven of the world’s 10 kidnapping incidents, with armed gangs boarding vessels 30 to 120 NM from shore. Nigerian attacks are often violent, accounting for eight of the nine vessels fired upon worldwide. IMB says many further assaults go unreported by shipowners. IMB reported two further kidnap incidents off Sabah, where tugs and barges were targeted.

25 Jul 2016

Piracy Drops to 21-year low - IMB

Courtesy IMB

Piracy and armed robbery at sea has fallen to its lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a new report from the International Chamber of Commerce’s International Maritime Bureau (IMB). IMB’s global piracy report shows 98 incidents in the first half of 2016, compared with 134 for the same period in 2015. When piracy was at its highest, in 2010 and 2003, IMB recorded 445 attacks a year. In the first half of 2016, IMB recorded 72 vessels boarded, five hijackings, and a further 12 attempted attacks. Nine ships were fired upon.

16 Jun 2016

US Navy 'Green Fleet' Fills up with Italian-made Biofuel

Guided-missile destroyer USS Mason prepares to seat a fuel probe delivered from the Italian oiler ITS Etna during a practice replenishment-at-sea. (U.S. Navy photo by Anderson W. Branch)

A U.S. warship took its first delivery of Italian-made biofuel on Thursday as part of the Navy's programme to use more alternative energy. The USS Mason was refuelled alongside an Italian vessel, the Andrea Doria, in the seas off of Italy's southern coast with a mix produced by Italy's Eni that has 5.5 percent palm oil biofuel blended into marine fuel. The two destroyers travelled at about 5 knots side by side with a supply ship, the Etna, between them pumping the fuel to both ships through large black tubes. "It's a first today," U.S. Navy Secretary Ray Mabus told Reuters aboard the Mason.

28 Apr 2016

French Wheat Exports Await Indonesia Approval

French wheat exports to Indonesia are on hold as traders await the approval of a food safety agreement between the two countries, something exporters say is being delayed by Indonesia in retaliation against a French palm oil tax plan. A farm ministry official from Indonesia, the world's largest producer of palm oil, said the delay was a procedural one, and denied any link to the proposed tax. France's additional tax on palm oil, due to come into force next year, is billed as an environmental levy on a product associated with deforestation and other environmental damage. The delay to exports from the European Union's largest grain exporter was on the agenda of France's Secretary of State for Trade Matthias Fekl when he travelled to Indonesia earlier this month.

28 Mar 2016

Indonesia Palm Oil, Cocoa Bean Export Taxes Unchanged for April

Indonesia will keep the export tax for crude palm oil at zero in April, unchanged from March, Nurlaila Nur Muhammad, the director of export of agriculture and forestry products at the Trade Ministry, said on Monday.   The export tax for Indonesian cocoa beans will stay at 10 percent for April, also unchanged from March, said Muhammad. (Reporting by Wilda Asmarini and Bernadette Christina Munthe; Writing by Fransiska Nangoy; Editing by Christian Schmollinger)

11 Feb 2016

Chemical Shipping Freight Rates to Remain Under Pressure

Chemical tanker orderbook to existing fleet ratio (Source: Drewry's Chemical Forecaster)

On the back of low bunker prices and more new buildings to be delivered in 2016, chemical shipping freight rates for both contracts of affreightment and spot cargoes will be under pressure throughout 2016, as there are some new operators looking to break into the long-haul trade routes, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. More and more larger vessels were delivered during 2015; a total of 193 ships, aggregating 7.4 million dwt with an average vessel size of 38,390 dwt hit the water during the year.

02 Feb 2016

Syscorp Focuses on Domestic Routes

Image: Shin Yang Shipping Corp Bhd

Shin Yang Shipping Corp Bhd (Syscorp) has shifted the focus of its container shipping business to domestic routes in the face of continued volatility in the international container shipping market, reports the Star. The leading Malaysian shipping company has realigned its focus to domestic container shipping routes with some 95% of its 14 container ships deployed on routes within Malaysia, group financial controller Richard Ling said. “A majority of these container ships ply Sarawak, Sabah and Peninsular Malaysia ports,” he told StarBiz.

11 Jan 2016

Piracy Surges in South East Asia

Photo by EagleSpeak

The surge of piracy in South-East Asia waters continues as ships passing the Straits of Malacca and Singapore are falling victim to acts of piracy, says Clyde & Co. Whilst Singapore, Indonesia and Malaysia operate anti-piracy patrols in the area, it has limited resources. The sheltered coast and islands also makes it easier for robbers to operate. As piracy rampages on, Indonesia and Malaysia has taken efforts to jointly increase security. By far, the most significant incident suggests activities going beyond the usual act of armed robbery or theft on board ship.

01 Sep 2015

New Tanker Stena Imperial Named in Savannah

Erik Hånell, President and CEO Stena Bulk with wife Katarina Hånell; captain Vinay Singh; godmother Kari McCormick and Doug McCormick, Commercial Regional Manager, Chevron in Houston; Kristina Hagman and Carl-Johan Hagman, CEO Stena Shipping, Drilling & Ferries (Photo: Kristofer Hultén)

A new 50,000 DWT MR chemical and product tanker based on the IMOIIMAX concept, Stena Imperial, was named yesterday in Savannah, Ga. Built by Chinese shipyard Guangzhou Shipbuilding International (GSI) and delivered on July 1, Stena Imperial recently arrived in Savannah on the U.S. East Coast with a cargo of palm oil. The new ship is owned by a joint venture of which Stena Bulk and Indonesian Golden Agri Resources (GAR) each own 50 percent. She is the third of 10 vessels ordered by Stena Bulk for a total of $400 million with delivery to be completed by 2017.

25 Mar 2015

Ships Queues Creep into Lagos ports

Lagos Port Complex (port of Lagos) by Nigerian Ports Authority

19 ships laden with petrol and other commodities are discharging at the Lagos ports, says Nigerian Ports Authority (NPA) in its daily publication `Shipping Position’. Three of the ships were laden with petrol, while the others had diesel, steel products, containers, bulk salt, bulk gypsum, fish, fertilizer, rice, general cargo and crude palm oil. No fewer than 36 ships loaded with various products are expected to arrive at the ports in Lagos from March 24 to April 17, the NPA said.

05 Mar 2015

Port of San Pedro Seeks to Fund Upgrades with European Roadshow

     Ivory Coast's Port of San Pedro (courtesy of sanpedro-portci.com)

Ivory Coast's second largest port of San Pedro will hold a roadshow in France and Britain next month as it seeks to raise 180 billion CFA francs ($300 million) to fund upgrades, the port's director said. San Pedro is already the world's leading port for cocoa exports, shipping more than half of total output from Ivory Coast, the top producer of the chocolate ingredient. It also exports coffee, palm oil, timber and cotton. However, it is hoping to broaden its activities with upgrades including an expansion of its container terminal and the construction of a new mineral ore terminal.

25 Feb 2015

India to Roll Out $8 billion Smart City Ports

Cargo Terminal - Source: Mumbai Port Trust (MbPT)

Indian shipping minister Nitin Gadkari has said the government is working on an ambitious plan to build one smart city each at the country's 12 major ports. The plan estimates total investment of Rs 50,000 crore ($8 billion). Government moving ahead with its ambition plan to build twelve cities at twelve ports, as part of its ambition plan of building 100 smart cities in the country, Gadkari said. The 12 major ports under the Centre’s control have between them an estimated 2.64 lakh acres of land, which is being mapped through satellites and are major resources with Shipping Ministry.

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