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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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Thursday, 24 October 19
PANAMAX: NEGATIVE SENTIMENT IN THE MARKET AS IT CONTINUES TO WEAKEN - FEARNLEYS
Capesize
The market has continued to slide the last week, as lack of fresh requirements and a slight oversupply of tonnage heading towards Sout ...
Wednesday, 23 October 19
CHINA'S 2019 COAL IMPORTS SET TO RISE MORE THAN 10%: ANALYSTS - REUTERS
China, the world’s top coal buyer, is on track to boost imports of the fuel by more than 10% this year, traders and analysts said on Tuesday, ...
Wednesday, 23 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
Moving closer to the end of the year, we are facing what the market was expecting for quite a while, the ship repair sector booming with the shipya ...
Tuesday, 22 October 19
DRY BULK: DESPITE THE DOWNWARD CORRECTION NOTED OVER THE PAST MONTH, RATES ARE STILL HOLDING OFF AT FAVORABLE LEVELS - ALLIED SHIPPING
Despite the downward correction that has been noted in the dry bulk market over the past month, rates are still holding off at favorable levels. Ev ...
Monday, 21 October 19
SHIPPERS CHANGE COURSE AS FUEL RULES TARGET SULPHUR EMISSIONS - WOOD MACKENZIE
The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engin ...
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- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
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