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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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Sunday, 09 February 20
SUPRAMAX: THE ASIAN ARENA STRUGGLED, A 50,000DWT SHIP FIXING A COAL RUN FROM EAST KALIMANTAN TO INDIA AT $2,000 - THE BALTIC BRIEFING
Capesize
The Capesize market endured another dreadful week of calamitous rate level falls, as the usual season low Q1 period combined with rece ...
Friday, 07 February 20
CIL LOOKING TO TAP NON-POWER SECTORS FOR INCREMENTAL COAL, PTI REPORTED
The miner is looking to ramp up production to meet its targets for the current fiscal at a time when the economic slowdown is impacting demand for ...
Friday, 07 February 20
VIRUS - HIT CHINA MAY NEED MORE IMPORTS OF COAL. NOW COMES THE TRICKY PART - SHIPPING IT THERE: REUTERS
China’s domestic coal mines are struggling to ramp up production in the face of the ongoing coronavirus epidemic. That’s a situation th ...
Friday, 07 February 20
CORONAVIRUS IMPACTING THE GLOBAL SHIPPING INDUSTRY - BIMCO
The outbreak of the novel Coronavirus has dented market sentiment and spooked markets around the globe. When China sneezes, we all catch the flu. T ...
Thursday, 06 February 20
CAPE: WEAK SUPPLY/DEMAND RATIO THE STREETS REMAIN BLOODY FOR THE BIG SHIPS - FEARNLEYS
Cape: With still a weak supply/demand ratio the streets remain bloody for the big ships, and actual spot earnings are close to zero on main short-h ...
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- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Indika Energy - Indonesia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
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