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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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Monday, 21 December 20
COAL'S PARTIAL RECOVERY IS SET TO FADE AFTER 2021 - IEA
Global coal consumption is estimated to have fallen by 7%, or over 500 million tonnes, between 2018 in 2020. A decline of this size over a two-year ...
Monday, 21 December 20
A REBOUND IN GLOBAL COAL DEMAND IN 2021 IS SET TO BE SHORT-LIVED, BUT NO IMMEDIATE DECLINE IN SIGHT - IEA
After a major drop in recent years, global coal demand is forecast to rise by 2.6% in 2021 before flattening out to 2025
A global ec ...
Friday, 18 December 20
AUSTRALIA PM WARNS OF ‘LOSE-LOSE’ IN ANY CHINA COAL SHIFT - REUTERS
Australian Prime Minister Scott Morrison said any shift by China away from importing high quality Australian coal would be a “lose-lose&rdquo ...
Friday, 18 December 20
BIG OIL AND COAL EXPORTERS FACE RECKONING AS PARIS AGREEMENT TURNS FIVE - CNA
On Dec 12, more than 70 global leaders came together at the UN’s Climate Ambition Summit, marking the fifth anniversary of the Paris Agreemen ...
Friday, 18 December 20
SOUTH AFRICAN COAL EXPORTERS LARGELY DEPENDENT ON THE ASIAN MARKETS - BANCHERO COSTA
South Africa is the fourth largest exporter of coal in the world, after Australia, Indonesia and Russia. In calendar 2019 the country exported a to ...
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- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- The University of Queensland
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
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