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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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Wednesday, 04 March 20
MARKET INSIGHT - INTERMODAL
As it was expected, the whole world has been focusing on the spread of the Coronavirus, with the fast outbreak being primarily a massive humanitari ...
Wednesday, 04 March 20
CORONAVIRUS: A WILDCARD FOR BULKS DEMAND - WOOD MACKENZIE
The coronavirus is casting a shadow across commodity markets. It has undermined China’s economic sentiment, putting the country’s growt ...
Wednesday, 04 March 20
THERMAL COAL TO 'PHASE OUT', STRONG DEMAND FOR COKING COAL: PLATO - SYDNEY MORNING HERALD
Plato Investments managing director Don Hamson says Australian iron ore producers are set to benefit in the fallout from coronavirus as China will ...
Wednesday, 04 March 20
CHINA PROVINCE TO CLOSE 10 MLN TONNES OF COAL CAPACITY IN 2020 - XINHUA
Southwest China’s Guizhou Province plans to phase out 10 million tonnes of outdated coal production capacity by closing 80 coal mines in 2020 ...
Wednesday, 04 March 20
UKRAINE PRODUCED OVER 2.55 MLN TONNES OF COAL IN FEBRUARY - UKRINFORM
In February 2020, Ukraine produced over 2.55 million tonnes of coal, which is 0.2% less than planned.
The Coal Miners Union of Ukrai ...
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- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- White Energy Company Limited
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
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