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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, 22 December 19
TRADING PLACES FOR 2020 - BALTIC EXCHANGE
In the sea of 2020 predictions, Saxo Bank’s Outrageous Predictions sail their own very unique course. For nearly 20 years the Danish investme ...
Saturday, 21 December 19
SUPRAMAX: A 63,000 DWT VESSEL, OPEN CIGADING, FIXED A TRIP VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $8,500 - BALTIC BRIEFING
Capesize
The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasi ...
Saturday, 21 December 19
SHIPPING'S SUPPLY AND DEMAND TRENDING OFF BALANCE - BIMCO
One of the most worrying trends that has developed recently – which will affect shipping demand in the years to come – is the falling t ...
Friday, 20 December 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 19 December 19
COAL POWER GENERATION CONTINUES TO DECLINE IN GERMANY: DESTATIS, XINHUA REPORTED
The volume of electricity generated in coal-fired power plants in Germany decreased “markedly” by 37 percent to 34 billion kilowatt-hou ...
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- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Australian Coal Association
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
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