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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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Saturday, 01 February 20
THERMAL COAL MARKETS: 5 TRENDS TO WATCH OUT FOR IN 2020 - MINING REVIEW
The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific.
&n ...
Saturday, 01 February 20
COAL IS NOT GOING ANYWHERE - MINING REVIEW
The coal sector is living under the constant threat of being blamed by environmentalists as being responsible for a world disaster called global wa ...
Saturday, 01 February 20
CIL PRODUCTION TO NOT EXCEED 640 MILLION TON IN FY20: OFFICIAL - PTI
Hit by disruptions due to a prolonged monsoon, mining major Coal India Ltd’s production in the current fiscal will not exceed 640 million ton ...
Saturday, 01 February 20
WHO PAYS FOR IMO 2020? - FREIGHT WAVES
The United Nations’ International Maritime Organization (IMO) implemented its low-sulfur fuel mandate on January 1, 2020. Full enforcement be ...
Friday, 31 January 20
EIA EXPECTS U.S. ELECTRICITY GENERATION FROM RENEWABLES TO SOON SURPASS NUCLEAR AND COAL
In the latest long-term projections, the U.S Energy Information Administration (EIA) projects electricity generation from renewable sources such as ...
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- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
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