We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 24 April 18
IMO AIMS TO HALVE GLOBAL SHIPPING EMISSIONS - BUT WHAT WILL IT COST? - WOOD MACKENZIE
Global bunker fuel costs could rise by up to US$60 billion annually from 2020, in a full compliance scenario, when the International Maritime Organization's (IMO) 0.5 wt% sulphur cap for bunker fuels kicks in.
Fuel oil, which is high in sulphur content, has traditionally been used by the shipping industry as bunker fuel. In 2017, global demand for high-sulphur fuel oil stood at over 70% of overall bunker fuels.
With the implementation of the IMO regulation in 2020, shippers will have to consider a switch to alternative fuels, such as Ultra Low Sulphur Fuel Oil (ULSFO) or marine gas oil (MGO), or install scrubbers, a system that removes sulphur from exhaust gas emitted by bunkers.
Installing scrubbers may be an economically attractive option. Although there is an initial investment, shippers can expect a rate of return of between 20% and 50% depending on investment cost, MGO-fuel oil spread and ships' fuel consumption. However, the penetration rate for scrubbers could be limited by a number of factors, including access to finance, scrubber manufacturing capacity and dry-dock space.
Demand from the bunker fuels market will total about 5.3 million b/d in 2020, according to Wood Mackenzie forecasts.
Based on pure ULSFO refinery streams, available ULSFO volumes in 2020 will total about 1.2 million b/d. This could be boosted by further blending ULSFO with vacuum gas oil (VGO) streams, but VGO is a valuable feedstock for the production of other lighter refinery products, and may not be readily available.
It is likely that MGO will help meet additional demand from the shipping sector. Wood Mackenzie estimates that this will see MGO demand rise by over 1 million b/d in 2020 in our base case outlook. Meeting this demand will require higher crude runs with residue upgrading units, particularly in the US and China, supporting an uplift in refining margins.
It also provides refiners, particularly in the US and China, the opportunity to capture the value of their ULSFO component streams and increase their share of the global bunker market.
Some refiners should see better profit margins as incremental demand for MGO rises, pushing up its price. Higher refining runs, required to meet additional MGO demand, could potentially push global gasoline market into surplus weakening gasoline prices. This could mean that the gasoline pain for some refiners could be more acute than the impact of weaker HSFO prices. Overall, we expect a material impact on refining economics post IMO and refiners must ensure they have a robust IMO strategy in place.
We also expect a shift in bunkering locations based on compliant fuels availability. Singapore, for example, could potentially lose some of its market share for bunker fuels to China as shippers look for alternative locations with a surplus of compliant fuels. China, with ample MGO supply, is well positioned to attract shippers.
New greenfield upgrading investments from refiners are unlikely to be purely driven by IMO regulation, and there is a need to look at longer-term rationale and strategic fit of these projects. Structural shifts in the fuel oil and gasoil markets may result in better economics, but that needs to be re-evaluated. For refiners choosing not to invest, the focus should be on infrastructure to capture the opportunity from their existing configuration and internal streams.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 16 April 18
MINISTER IGNASIUS JONAN SPEAKS HIS MIND AT INDONESIA MINER - IAN WOLLFF
The Minister for Energy and Mineral resources, Ignasius Jonan, delivered a key note address at the Indonesia Miner conference in Jakarta on the 11 ...
Thursday, 12 April 18
THE PERFECT STORM FOR THE BIG SHIPS - THE BALTIC BRIEFING
Capesize
The perfect storm for the big ships: with holidays, force majeure in two ore exporting ports and bad weather undermining the market. A l ...
Thursday, 12 April 18
SHIPPING CAN MANAGE US-CHINA TARIFFS, BUT RISKS RISING - FITCH
Container and, to some extent, dry bulk would probably be the shipping segments most affected by the recently announced US and China tariffs, Fitch ...
Thursday, 12 April 18
SUPRAS HAVE FIXED MID $11K FOR AN INDO RV TO S. CHINA DELIVERY PHILIPPINES - FEARNLEYS
Supramax
Slow week with little light for improving rates. ECSA to Far East still around $15k + bb and same to Med ca $14k, says Fearnleys in its ...
Thursday, 12 April 18
ALWAYS ACCESSIBLE
KNOWLEDGE TO ELEVATE
On 26 March 2018 Mr Justice Knowles determined that the berth warranty ‘always accessible’ must mean the vess ...
|
|
|
Showing 1741 to 1745 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Planning Commission, India
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Australian Coal Association
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
|
| |
| |
|
