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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, 23 June 19
SUPRAMAX: A 56,000-DWT WAS FIXED FROM INDONESIA TO VIETNAM AT $10,000 - BALTIC BRIEFING
Capesize
The story over the past week has been largely Atlantic dominated as the basin’s uniquely volatile characteristics came into play ...
Saturday, 22 June 19
OPEC'S BATTLE FOR CONTROL OF THE OIL MARKET - WOOD MACKENZIE
Oil supply is confounding expectations. We have just raised our forecasts for non-OPEC production, the latest in a series of incremental increases. ...
Friday, 21 June 19
INDONESIA'S BAYAN RESOURCES SIGNED A COAL SUPPLY AGREEMENT WITH THE BANGLADESH BCPCL TO SUPPLY 23 MILLION TONS OF COAL FOR 10 YEARS
On Monday, 17th June 2019, PT. Bayan Resources signed a Coal supply Agreement with the Bangladesh- China Power Company (Pvt.) Limited. BCPCL is a j ...
Thursday, 20 June 19
BUMI RESOURCES EXPECTS TO SELL 42 MILLION TONS OF COAL IN FIRST HALF - JAKARTA POST
PT Bumi Resources (BUMI), Indonesia's largest thermal coal miner, expects to close the first half of this year with coal sales of 42 million to ...
Tuesday, 18 June 19
TANKER SHIPPING: WHILE WE WAIT FOR 2020 TO KICK IN, IT'S ALL ABOUT POLITICS - BIMCO
Demand drivers and freight rates
Iran, Libya and Venezuela face export limitations because of sanctions and internal political troubles. At the s ...
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- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
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