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Friday, 24 January 20
LOW-SULPHUR FUEL OIL PRICES DROP USD 99 PER MT IN SINGAPORE - BIMCO
 Singapore has seen one of the largest drops in the price of Very Low Sulphur Fuel Oil (VLSFO), which peaked on 7 January 2020 at USD 740 per metric tonne (MT) and dropped USD 99 to USD 641 per MT on 22 January. The price has also fallen in other ports around the world.
Prices rose in December as shipowners transitioned to the IMO2020 compliant low-sulphur fuel oil causing the VLSFO and High-sulphur fuel oil (HSFO) spread to reach record breaking levels. This trend has started to reserve, with the VLSFO-HSFO spread narrowing in Singapore by USD 55 per MT to 284 per MT on 22 January from USD 339 on 7 January, a 19% decline.
Transitioning past the first wave of IMO2020
The initial uptick in low-sulphur fuel oil prices marked the first wave of IMO2020, whereas the price levels are now declining towards a point of stabilization.
Even given the recent narrowing of the spread, shipping companies are still faced with a massive uptick in fuel oil costs, which is set to affect operating margins in the upcoming quarters, as many companies have little leeway to pass on the additional costs to their customers.
Despite the lower spread, the investment payback period for a scrubber is between half a year to one and a half years, depending on the cost of the scrubber and daily consumption, which allows for substantial fuel oil cost savings for scrubber-fitted ships.
Source: BIMCO
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Sunday, 26 April 20
STRONGER BUNKER PRICES FAIL TO RALLY FREIGHT MARKET - FIS
VLSFO bunker prices rebounded by $22.50 to $229/mt in the port of Singapore but failed to turn around the spot freight market.
Some ...
Saturday, 25 April 20
KOREA SOUTH-EAST POWER CO. INVITED BIDS FOR 780K - 900K MT OF 5600 NCV COAL FOR JULY TO OCTOBER 2020 LOADING
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 780,000~900,000 Metric Tons (MT) s ...
Saturday, 25 April 20
SEAFARER MENTAL WELLBEING DURING THE COVID-19 PANDEMIC - STANDARD CLUB
KNOWLEDGE TO ELEVATE
COVID-19 has forced many parts of the world to enforce a lockdown in a bid to flatten the curve in terms of transmissions ...
Friday, 24 April 20
KOMIPO INVITED BIDS FOR 5700 NAR COAL FOR JUNE & JULY LOADING
COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) Has Issued An International Tender For 260,000 Metric Tons (MT) Steam Coal ...
Friday, 24 April 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Anglo American - United Kingdom
- Australian Coal Association
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
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