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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, 20 July 20
COAL INDIA LAUNCHES SPECIAL CATEGORY OF E-AUCTION FOR COAL IMPORTERS - BUSINESS STANDARD
Coal India (CIL) on Friday launched a special category of e-auction for importers of coal. This is in line with the government’s declaration ...
Monday, 20 July 20
OIL PRICE OF $40-43 PER BARREL MORE OR LESS BALANCED - NOVAK | TASS
The Russian Ministry of Energy considers the current oil price of $40-43 per barrel more or less balanced and does not expect price changes after t ...
Monday, 20 July 20
SUPRAMAX: A 63,000 OPEN NORTH CHINA FIXING AN AUSTRALIAN ROUND IN THE LOW $10,000S - BALTIC BRIEFING
Capesize
The capesize market showed some resistance this week to recent losses as all routes saw a small uptick in value to end the week. With ...
Friday, 17 July 20
MISC MALAYSIA ENTERS INTO PURCHASE AGREEMENTS AND TIME CHARTER PARTIES FOR SIX VLECS
MISC Berhad (MISC) has entered into Memorandum of Agreements (MOAs) with six indirect wholly-owned subsidiaries of Zhejiang Satellite Petrochem ...
Wednesday, 15 July 20
HOW MEANINGFUL ARE SOME ESTIMATES FOR INDIA’S COAL CONSUMPTION DATA? - IEEFA
In recent years, BP's estimates for India have contained what appears to be a record of over-optimistic projections
BP’s a ...
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- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- The University of Queensland
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
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