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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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Tuesday, 04 February 20
CAPE: THE AVERAGE EARNINGS PER DAY FELL BENEATH THE USD 4,000, A LEVEL CONSIDERABLY BELOW EVEN THE MOST CONSERVATIVE OPEX LEVELS - ALLIED
The recent slump in the dry bulk freight market may well have been expected to some degree, but despite this the shock was still overwhelming when ...
Monday, 03 February 20
KOWEPO INVITING BIDS FOR 2.46 MILLION TONS OF MIN.5700 AND MIN.5600 NCV COAL
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,460,000 tons of (Sub) Bitum ...
Sunday, 02 February 20
NOVEL CORONAVIRUS OUTBREAK IN CHINA - STANDARD CLUB
Members will be aware of the recent novel coronavirus outbreak in China, which has now been declared a global emergency by the World Health Organis ...
Sunday, 02 February 20
SUPRAMAX: A 52,000DWT SHIP WAS FIXED BASIS DELIVERY SOUTH KALIMANTAN TRIP TO INDIA, AT $6,000 - BALTIC BRIEFING
Capesize
The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing ...
Saturday, 01 February 20
50 MILLION PEOPLE QUARANTINED IN CHINA TO CONTAIN SPREAD OF CORONAVIRUS - HOW DOES IT AFFECT SHIPPING? - BIMCO
The outbreak of the novel coronavirus, declared a global health emergency by the WHO, has caused massive uncertainty across the global markets with ...
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- Georgia Ports Authority, United States
- GMR Energy Limited - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- The University of Queensland
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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