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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, 12 December 19
KOWEPO INVITING BIDS FOR 2.28 MILLION TONS OF MIN.4,400 NCV COAL
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,280,000 tons of (Sub) Bitum ...
Wednesday, 11 December 19
PANAMAX: THE MARKET REMAINED FIRM IN THE PACIFIC, WITH INCREASED ACTIVITY NOTED IN KEY AREAS, SUCH AS INDONESIA - ALLIED
Capesize – Positive momentum was resumed this past week, with earnings mak-ing some gains once again. This rising pattern was reflected in th ...
Tuesday, 10 December 19
PREPARATIONS INTENSIFY AS IMO 2020 GLOBAL SULPHUR CAP LOOMS - STANDARD CLUB
With less than a month to go for the impending IMO 2020 global sulphur cap, the club has started witnessing dispute cases relating to the measureme ...
Monday, 09 December 19
KOREA SOUTHERN POWER CO LTD IS INVITING OFFERS FOR MIN 3700 NCV COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd has issued an international tender for 160,000 Tons steam coal.
Acco ...
Saturday, 07 December 19
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
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- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- VISA Power Limited - India
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
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