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Wednesday, 18 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
 As we all know very well by now, the reduction in the maximum allowable sulphur content of marine fuels in 2020 is likely to have a massive impact for many in the industry. Shipowners will need to make tough decisions on how their vessels will comply with the new limit, charterers who buy fuel will need to know how it will economically affect them and seafarers will have the ultimate challenge of ensuring vessels continue to run safely and efficiently.
There are several options on how to comply with the sulphur cap. As well as the various fuel choices on offer, there are abatement technologies such as scrubbers EGCS (Exhaust Gas Cleaning Systems). A shipowner’s choice will depend on a number of factors and influencing the decision will be the inevitable gamble on what the availability and price of fuel will be post-2020. What will be certain is that there will be economic and commercial impacts.
Of course even shipowners in the offshore and deep sea oceangoing towage markets will also face similar concerns. Despite the fact that a large portion of the market was already burning distillates, the oceangoing long distance range tugs will face some very difficult economics and important decisions to make on how to comply with these stringent requirements. First class operators are also in certain cases not keen that the VLSMGO fuels are compatible and safe to use in particular tug engines. In general, there are several options available to a shipowner that will allow compliance with the 2020 global sulphur cap. There are pros and cons with each, as discussed extensively during 2019. Mostly concerning fuel availability, on-board fuel management, capital and operational expenditure as well as maintenance requirements. It is not a simple choice and the decision on what method of compliance is best depends on a number of factors, such as vessel type, trading area and remaining service life. The proportion of time spent within emission control areas (ECA) should be also considered together with the impact of changing over fuels when entering/leaving these areas. The 0.1% sulphur cap currently in operation within the ECAs will remain in force and it is possible that new ECAs may emerge in the coming years. For some vessels in particular, the best solution might be multi-fuel, such as having the ability to burn LNG or distillates, depending on the availability of each.
A number of producers have developed or are developing compliant products which are heavier than MGO and MDO but lighter than the residual fuel oils that are currently used. Some are specially-produced products and are commonly referred to as ‘hybrid’ fuels. Other products are the result of blending, producing a heavy distillate or light residual blend. It may be possible that a 0.5%S residual fuel (e.g. 380cst) could be produced from either refining sweet crudes or from sour crudes undergoing a desulphurization process. But there are currently no plans to make this widely available as a marine fuel.
In any case it is clear that the new landscape will take shape and form during the entire first semester of 2019. The first quarter of 2020 will indicate the new trends and the new overall status in the market, but I believe it will take at least 6 months or more till we get to understand the real new dynamics and status of options.
By Christopher Whitty
Director, Towage and Port Agency Division
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Mr.George Panagopoulos
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
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Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Australian Coal Association
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
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