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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, 21 January 20
THERMAL COAL PRICES SET FOR RECOVERY THIS YEAR AS OVERSUPPLY TIGHTENS - REUTERS
Thermal coal prices are expected to recover this year after losing around a third of their value last year as demand from some south-east Asian cou ...
Monday, 20 January 20
INDIA TO STOP SUBSTITUTABLE COAL IMPORT; CAN GO FOR AUCTION OF 100 FULLY EXPLORED NEW BLOCKS: JOSHI - PTI
The Cabinet recently approved promulgation of Mineral Laws (Amendment) Ordinance 2020 to amend Mines and Minerals (Development and Regulation ) Act ...
Monday, 20 January 20
CHINA DECEMBER COAL OUTPUT UP 2.4 PERCENT ON YEAR - STATS BUREAU: REUTERS
China produced 331.74 million tonnes of coal in December, up 2.4 percent on the year, the National Bureau of Statistics said on Friday.
...
Monday, 20 January 20
CHINA IMPORTED 124.4 MLN TONNES OF COAL FROM INDONESIA IN 2019, UP 15.1 PERCENT YOY - BANCHERO COSTA
China's coal imports raced ahead in 2019, surprising many who had expected that in the months of 2019 to come the government would clamp down s ...
Saturday, 18 January 20
BIMCO: LOW-SULPHUR FUEL SALE JUMPS TO A 70% SHARE IN SINGAPORE, AS THE IMO 2020 SULPHUR CAP KICKS IN
The final quarter of 2019 marked a massive decline of HSFO sales, as the industry transitioned into compliance of the IMO 2020 Sulphur Cap (IMO2020 ...
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- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- The University of Queensland
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Planning Commission, India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Medco Energi Mining Internasional
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
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