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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, 05 June 21
IT'S TIME FOR THE BIDEN ADMINISTRATION TO CHAMPION RENEWABLE ENERGY IN THE PHILIPPINES, NOT NUCLEAR OR FOSSIL GAS - IEEFA
Fossil gas and nuclear investments risk locking in costly, outdated infrastructure for the long-term
The United States has spent the ...
Friday, 04 June 21
NEW COAL-FIRED POWER PLANTS IN INDIA WILL BE ECONOMICALLY UNVIABLE - IEEFA
Coal capacity additions face major stranded asset risk
Much of India’s 33 gigawatts (GW) of coal-fired power capacity currently under co ...
Thursday, 03 June 21
JUNE HBA IS HITTING ABOVE $100 AND SETTLED AT ITS HIGHEST SINCE OCTOBER 2020
COALspot.com: The Indonesia coal price reference for June 2021 settles at US$ 100.33 per ton FOB vessel.
The Indonesia coal pr ...
Wednesday, 02 June 21
INDONESIA RV WAS DOWN TO LOW/MID $20,000S DAY FOR PANAMAX/KAMSARMAX WITH DELIVERY S CHINA - BANCHERO COSTA
Panamax
A softening week in the Pacific basin with rates under a downward pressure mainly caused by the oversupply of tonnage in the area, said ...
Wednesday, 02 June 21
EUROPEAN UNION'S IRON ORE IMPORTS - BANCHERO COSTA
The European Union (27) is currently the fourth largest importer of iron ore in the world, after China, Japan, and South Korea.
Euro ...
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- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- PTC India Limited - India
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Planning Commission, India
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- White Energy Company Limited
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
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