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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, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
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- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- The University of Queensland
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- VISA Power Limited - India
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Posco Energy - South Korea
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