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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, 15 July 20
CHINA'S JUNE COAL IMPORTS FALL 6.7% Y/Y ON PORT CURBS - REUTERS
China’s coal imports dropped 6.7% in June from the same period last year, as stringent import restrictions at ports impeded purchases by trad ...
Wednesday, 15 July 20
MARKET INSIGHT - INTERMODAL
The Covid-19 virus spread around the world has obviously impacted the global oil demand while the situation remains fluid. The overall constraint ...
Tuesday, 14 July 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.75 PCT - XINHUA
China Taiyuan coal transaction price index stood at 126.01 points Monday, up 0.75 percent week on week.
The index, released by China ...
Tuesday, 14 July 20
TURKEY - A CASE OF UNDECLARED BUNKER - GARD
KNOWLEDGE TO ELEVATE
Undeclared/excess bunkers can be considered a criminal act by Turkish customs officials with the ship's crew being ac ...
Monday, 13 July 20
PANAMAX: A TUMULTUOUS WEEK IN THE PANAMAX MARKET ENSURED ALL MARKETS GAINED VALUE ON THE WEEK - BALTIC BRIEFING
Capesize
This week witnessed the dreaded correction in the Capesize market, with the time charter average shedding almost 18 per cent to close ...
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- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- The University of Queensland
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Planning Commission, India
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
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