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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, 27 February 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES DOWN - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Saturday, 27 February 21
FITCH RATINGS REVISES GLOBAL METALS AND MINING PRICE ASSUMPTIONS
Fitch Ratings has revised some of its metals and mining price assumptions as prices for many commodities will benefit in the short term from return ...
Saturday, 27 February 21
MITSUBISHI PULLS OUT OF VINH TAN 3 COAL PROJECT IN VIETNAM - NIKKEI ASIA
Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing int ...
Thursday, 25 February 21
ARE WE ON THE CUSP OF ANOTHER MINING SUPER-CYCLE? - WOOD MACKENZIE
As the first wave of the coronavirus pandemic began to bite, many observers confidently predicted that the end was nigh for global economic activit ...
Thursday, 25 February 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR SEABORNE COAL TRADE - BANCHERO COSTA
Total loadings in the 12 months of 2020 were down -12.7% year-on-year to 1,130 million tonnes, according to vessels tracking data from Refinitiv, s ...
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- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Australian Coal Association
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
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