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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, 19 February 20
MINERS WELCOME INDONESIA'S NEW JOBS BILL THAT COULD SPUR COAL GROWTH - REUTERS
Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that th ...
Wednesday, 19 February 20
AS OCEAN TEMPERATURES RISE, SHIPOWNERS LOOK FOR WAYS TO COPE - WARTSILA
The world is heating up, and its oceans are no exception. According to the International Panel on Climate Change (IPCC), the oceans absorb the majo ...
Wednesday, 19 February 20
MARKET INSIGHT - INTERMODAL
The coronavirus outbreak is estimated to negatively affect global economy by at least EUR400bn this year, representing around the 0.4% of global GD ...
Tuesday, 18 February 20
WEEKLY MARKET ANALYSIS - ALLIED
Under such poorly performing market circumstances, many usually take the historical approach, in order to better understand and further analyze the ...
Tuesday, 18 February 20
ADARO SHIPPED 27 PERCENT OF ITS TOTAL COAL PRODUCTION IN 2019 TO INDIA AND CHINA
PT Adaro Energy Tbk (AE) produced 58.03 Mt of coal from PT Adaro Indonesia (AI), Balangan Coal Companies and Adaro Me ...
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- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- PTC India Limited - India
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- White Energy Company Limited
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
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