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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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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
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