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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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Wednesday, 10 February 21
FY21 COAL DEMAND MAY BE LOWER THAN PREVIOUSLY ESTIMATED DUE TO COVID-19: PRALHAD JOSHI - PTI
Coal demand in the current fiscal may be lower than the initial estimate of 1,085 million tonnes (MT) due to the impact of COVID-19, Parliament was ...
Wednesday, 10 February 21
MARKET INSIGHT - INTERMODAL
We have just entered February, Chinese New Year holidays are about to start and the SnP market for bulkers is so hot as every seller would dream of ...
Tuesday, 09 February 21
SWITCHING COAL PLANTS TO PLN'S BIOMASS COFIRING PLAN IS NO MAGIC BULLET - IEEFA
Implementation risks for Indonesia PLN's switch from coal to biomass cofiring
PLN’s biomass cofiring plan will require not ...
Friday, 05 February 21
THE INDONESIA COAL PRICE REFERENCE FOR FEBRUARY 2021 SETTLES AT US$ 87.79 PER TON FOB VESSEL
COALspot.com: The Indonesia coal price reference for February 2021 settles at US$ 87.79 per ton FOB vessel. The February reference price is the hig ...
Thursday, 04 February 21
WHY BANGLADESH SHOULDN’T COUNT ON A FOSSIL FUEL FUTURE - IEEFA
Around US$50 billion of LNG projects in Asia at risk of cancellation
Two astonishing figures have circulated in the Asian energy sector in the ...
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- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- The University of Queensland
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
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