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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, 24 February 20
CHINA SAYS MAJOR COAL FIRMS RESTORE 95% OF PRODUCTION CAPACITY - REUTERS
China’s coal companies controlled by the central government have resumed operations and are back at more than 95% of their capacity, an offic ...
Sunday, 23 February 20
SHIPPING INDUSTRY FACES $370 MILLION HIT FROM NEW PANAMA CANAL CHARGE - REUTERS
A new “freshwater” charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up ...
Sunday, 23 February 20
A 57,000DWT SHIP FIXING DELIVERY SOUTH KALIMANTAN TRIP, REDELIVERY CJK, AT $7,600 - BALTIC BRIEFING
Capesize
The Capesize market found little to cheer about this week as it again endured remarkable lows. The Atlantic continued to improve, with ...
Saturday, 22 February 20
THE SURPRISING MOVE IN MARINE FUEL SPREADS - ING
Middle distillates tank
One of the biggest surprises since the implementation of new International Maritime Organization (IMO) sulphur regulati ...
Friday, 21 February 20
CAPE: AVERAGE NOMINAL DAILY EARNINGS STILL ADMITTEDLY UNCHANGED W-O-W AT BELOW US$3000 - FEARNLEYS
CAPE
The worst may just about be over for the big ships. Average nominal daily earnings still admittedly unchanged w-o-w at below US$3k, but sent ...
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- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Planning Commission, India
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Australian Coal Association
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- White Energy Company Limited
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- MS Steel International - UAE
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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