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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, 30 September 20
MARKET INSIGHT - INTERMODAL
Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the p ...
Tuesday, 29 September 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.73 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.91 points Monday, up 0.73 percent week on week.
The index, released by China ...
Tuesday, 29 September 20
SHIPPING MARKET - ALLIED
Here we are, just a short breath before the final quarter of the year, and many are now debating to what extent we can really expect a firm dry bul ...
Tuesday, 29 September 20
INDONESIAN COAL COMPANIES' EARNINGS TO WEAKEN IN 2H20 - FITCH RATINGS
Rated Indonesian coal miners and contractors will have weaker operating and financial performances in the second half of 2020 than in the first, sa ...
Tuesday, 29 September 20
RUSSIA'S COAL PRODUCTION TO DROP BY 10.5% IN 2020, SAYS MINISTRY - TASS
Russia’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln ...
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- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
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