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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 January 20
SUPRAMAX: THE ASIAN BASIN SAW A 56,000DWT SHIP FIXING DELIVERY SAMARINDA TRIP TO WEST COAST INDIA AT $4,750 - BALTIC BRIEFING
Capesize
The market endured heavy losses throughout the past week, with the Capesize 5TC dropping from $8,352 to $4,772. In the lead up to Chin ...
Sunday, 26 January 20
SHIPPING NEEDS TO PREPARE FOR CORONAVIRUS RESTRICTIONS WARNS HILL DICKINSON
The shipping industry needs to be prepared for potential restrictions in order to prevent the further spread of the ‘Wuhan’ coronavirus ...
Friday, 24 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINED FLAT DURING THE PAST WEEK - XINHUA
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China’s major ports, stood at 553 yuan (about 80.1 U.S. dollars) ...
Thursday, 23 January 20
PANAMAX: ANOTHER DISAPPOINTING WEEK IN BOTH THE ATLANTIC AND THE PACIFIC BASIN - FEARNLEYS
Cape Size
From bad to worse for the biggest ships as prices for low-sulphur fuel oil remain high whilst freight rates deteriorate further. Aver ...
Thursday, 23 January 20
AFRICAN POWER PLATFORM PUBLISHES REPORTS ON POWER SECTOR FRAMEWORK FOR SELECTED AFRICAN COUNTRIES
Press Release: African Power Platform publishes Reports on Power Sector Framework for selected African Countries
With the repo ...
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- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- The University of Queensland
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Planning Commission, India
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
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