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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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Thursday, 19 December 19
BANGLADESH'S NBR CUTS VAT ON COAL IMPORT FOR POWER PLANTS - THE DAILY STAR
The National Board of Revenue (NBR) reduced value added tax on the import of coal for power plants to 5 percent from present 15 percent for five ye ...
Wednesday, 18 December 19
AVERAGE PRICES OF COAL IN 2018 WERE MORE THAN 60% HIGHER THAN IN 2016 - IEA
Coal use grew again in 2018.
Global coal demand increased by 1.1%, continuing the rebound that began in 2017 after three years of decline ...
Wednesday, 18 December 19
ASIA IS SET TO SUPPORT GLOBAL COAL DEMAND FOR THE NEXT FIVE YEARS - IEA
Press Release: Global coal demand is expected to decline in 2019 but remain broadly stable over the next five years, supported by robust growth in ...
Wednesday, 18 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we all know very well by now, the reduction in the maximum allowable sulphur content of marine fuels in 2020 is likely to have a massive impact ...
Tuesday, 17 December 19
AUSTRALIA ENERGY MARKET OPERATOR TURNS SCROOGE ON COAL LOBBY: RUSSELL
Australia, which vies with Indonesia for the title of the world’s largest coal exporter, is planning for an electricity future where use of t ...
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- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Planning Commission, India
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- The University of Queensland
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
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