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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, 02 December 20
INDONESIA CONSIDERING CLOSING 3,400MW SURALAYA COAL PLANT - THE JAKARTA POST
The government is considering to shut down the aging Suralaya coal-fired power plant (PLTU) in Cilegon, Banten, and replace it with green energy, a ...
Wednesday, 02 December 20
MARKET INSIGHT - INTERMODAL
It has been another busy week in the dry bulk secondhand market; a healthy number of sales reported predominantly from Japanese owners while owner& ...
Thursday, 26 November 20
DECLINE IN COAL EXPORTS ADDS TO NAVAJO-OWNED COMPANY'S PROBLEMS - IEEFA U.S.
Weak demand and low prices are likely creating steep losses for NTEC
U.S. coal exports to Asia—once heralded as the saving gra ...
Thursday, 26 November 20
COAL FINANCING QUICKLY DRYING UP WORLDWIDE - ANALYSTS : REUTERS
Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping ...
Wednesday, 25 November 20
LIBOR REPLACEMENT AND SHIP FINANCE - WHERE IS IT HEADING? - WFW
The likely replacement of the LIBOR at the end of 2021 creates difficult technical and practical issues for all sectors of business and finance. Th ...
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- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Australian Coal Association
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
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