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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, 23 January 21
GOVT PLANNING TO OPEN UP COAL MARKETING TO STREAMLINE PROCESS - THE INDIAN EXPRESS
The government is considering opening up coal marketing, Coal Secretary Anil Kumar Jain said on Thursday. Currently, production by Coal India is al ...
Thursday, 21 January 21
LNG MARKET RIDING HIGH, BUT WILL THE GAINS CONTINUE? - DREWRY
The LNG market started 2021 on a high note with Asian spot prices crossing $30 per MMBtu while LNG shipping rates recorded a high $350k per day due ...
Thursday, 21 January 21
CHINA'S SPOT THERMAL COAL PRICES REFRESH RECORD HIGH - MYSTEEL
Despite the moderate rebound in temperatures across most regions of China after late December’s deep-freeze, thermal coal prices in the count ...
Wednesday, 20 January 21
CORONAVIRUS OUTBREAK IN HEBEI HAS LIMITED IMPACT ON CHINA'S STEEL INDUSTRY - FITCH RATINGS
The recent Covid-19 outbreak in the steel producing hub Hebei will not have material impact on China’s steel industry, Fitch Ratings says.
...
Wednesday, 20 January 21
MARKET INSIGHT - INTERMODAL
While 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early to even s ...
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- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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