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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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Friday, 03 April 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Wednesday, 01 April 20
TRADERS SCRAMBLE TO SELL CHEAP CRUDE CARGOES AS GLUT GROWS - REUTERS
Oil traders across the globe are offering cargoes far in advance as rapidly vanishing demand drives key physical crude prices to multi-decade lows, ...
Wednesday, 01 April 20
MARKET INSIGHT - INTERMODAL
There is an old, allegedly Chinese, saying suggesting that living in “interesting” times usually refers to times of trouble. The latest ...
Tuesday, 31 March 20
FREIGHT MARKET: DRY BULKERS - SPOT MARKET 23-29 MARCH 2020
Capesize
The rebound in freight rates resumed this past week, with rates man-aging to post further gains by week’s end. The BCI is in negat ...
Tuesday, 31 March 20
DRY BULK: Q1 HAS BEEN THE WORST QUARTER NOTED FOR MORE THAN 3 YEARS NOW - ALLIED RESEARCH
At this point, the Covid-19 pandemic seems to be monopolizing all market (as well as all other) discussions across the world and any market insight ...
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- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- PTC India Limited - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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