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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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Saturday, 01 February 20
THERMAL COAL MARKETS: 5 TRENDS TO WATCH OUT FOR IN 2020 - MINING REVIEW
The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific.
&n ...
Saturday, 01 February 20
COAL IS NOT GOING ANYWHERE - MINING REVIEW
The coal sector is living under the constant threat of being blamed by environmentalists as being responsible for a world disaster called global wa ...
Saturday, 01 February 20
CIL PRODUCTION TO NOT EXCEED 640 MILLION TON IN FY20: OFFICIAL - PTI
Hit by disruptions due to a prolonged monsoon, mining major Coal India Ltd’s production in the current fiscal will not exceed 640 million ton ...
Saturday, 01 February 20
WHO PAYS FOR IMO 2020? - FREIGHT WAVES
The United Nations’ International Maritime Organization (IMO) implemented its low-sulfur fuel mandate on January 1, 2020. Full enforcement be ...
Friday, 31 January 20
EIA EXPECTS U.S. ELECTRICITY GENERATION FROM RENEWABLES TO SOON SURPASS NUCLEAR AND COAL
In the latest long-term projections, the U.S Energy Information Administration (EIA) projects electricity generation from renewable sources such as ...
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- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- VISA Power Limited - India
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- The University of Queensland
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