We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 23 December 19
VLSFO PRICING & AVAILABILITY NEEDS CAREFUL WATCHING - INTEGR8 FUELS
 As we approach January 1st 2020 , the VLSFO price premium to HSFO has widened considerably
We are clearly well into the IMO 2020 transition; changes in bunker infrastructure, availabilities and pricing are all having a major impact, posing challenges to bunker buyers and these are not going to go away quickly.
The process of switching infrastructure (storage and barges) from HSFO to VLSFO has been noticeably underway since September. We have seen a significant strengthening and then weakening in HSFO prices (see Integr8 briefing note 22nd November 2019) and now we are at the next stage, where buyers have/are switching rapidly towards VLSFO. The impacts of this change-over are again easily seen, in terms of terminal congestion, barge delays, availabilities and of course price.
Since October the quoted price of HSFO has fallen sharply, whereas the price of VLSFO in Rotterdam has been around $480-500/ton. VLSFO prices in Gibraltar, Fujairah and Singapore rising fast and well above the $540-560/ton range we saw in October/November. This means quoted VLSFO prices are now around $230-240/ton above HSFO.
VLSFO prices can vary by as much as $80 per tonne in the same region
The moves in VLSFO pricing reflect owners shifting towards these new compliant fuels and that there are constraints on infrastructure and availabilities in the VLSFO supply chain. The extent of this is not only seen in VLSFO price differences between main bunkering regions, but also VLSFO pricing within a given region. The graph below illustrates the significant variation in VLSFO pricing within the Mediterranean, with for instance quoted prices at Piraeus sometimes anywhere between $20-80/ton below Gibraltar prices and prices in Malta still plus or minus $20/ton compared with Gibraltar quotes. These positions mean as a buyer, being adaptable and looking at possible alternate bunkering locations could be very attractive.
In some instances MGO prices are only a small premium to VLSFO
Finally, these squeezes in VLSFO have already led to instances where there is an extremely small price differential between VLSFO and MGO (or even some instances where MGO has been priced below VLSFO). Currently, there is less than $10/ton differential between quoted prices for MGO and VLSFO in Singapore, down from around a $75/ton differential a couple of months ago. This is another strong case for buyers being adaptable in that bunkering MGO could be the ‘best option’.
These developments in the Med and Singapore markets are only illustrations of what can happen in other global regions and reflects the squeezes on the VLSFO system at certain times and in certain areas. There is no ‘quick fix’ here and issues will continue to arise well beyond the January 1st IMO 2020 start date, as shipowners start burning VLSFO and will have to build and replenish VLSFO stocks on board.
We are providing buyers with access to this information and analysis on any tightness in availabilities, any constraints on terminal and barging operations and ultimately the knowledge on pricing, all of which will assist decisions in this complex and consistently changing market.
Source: Integr8 Fuels
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 29 November 22
SEABORNE COAL FLOWS IN 2022 - SIGNAL
This year is crucial for the energy mix in European countries, as the EU has imposed new sanctions on Russia. It is important to emphasize that the ...
Friday, 25 November 22
APAC THERMAL COAL PRICES CORRECT FROM RECORD HIGH - FITCH RATINGS
Prices of Newcastle 6,000kcal/kg coal have corrected following falling European gas and coal prices, and more supply from Australia could help miti ...
Thursday, 24 November 22
VIETNAM BOOSTS COAL USE PLAN FOR 2030 AS G7 CLIMATE OFFER STALLS - REUTERS
Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables ...
Tuesday, 22 November 22
THE GENCON 2022 CHARTERPARTY - GARD
KNOWLEDGE TO ELEVATE
BIMCO has published a revamped version of the popular GENCON charterparty. Our author, Helena Biggs, was a member of the ...
Tuesday, 22 November 22
INDIA POWER BINGES ON COAL, OUTPACES ASIA - REUTERS
India’s coal-fired power output has increased much faster than any other country in the Asia Pacific since Russia’s invasion of Ukraine ...
|
|
|
Showing 186 to 190 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- VISA Power Limited - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
|
| |
| |
|
