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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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Wednesday, 04 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
Dry bulk freight rates rebounded last week, a development that came as a relief following the recent negative sentiment that prevailed in the marke ...
Wednesday, 04 December 19
INDONESIA REVIEWING RULES MANDATING COAL SALES TO LOCAL BUYERS: OFFICIAL - REUTERS
Indonesia is reviewing rules that require coal miners to sell a portion of their coal to local buyers, a government official said on Monday, as sup ...
Tuesday, 03 December 19
STABILITY AND COMPATIBILITY OF VERY LOW SULPHUR FUEL OILS - GARD
In order to meet increasing restrictions on the sulphur content in marine fuel as defined by MARPOL Annex VI Regulation 14.1.3, the characteristics ...
Monday, 02 December 19
COAL PRODUCTION IN INDIA UP BY 164.58 MT IN 5 YEARS - BUSINESS LINE
Raw coal production in the country has increased from 567.77 million tons (MT) in 2013-14 to 730.35 MT in 2018-19, Union Coal and Parliamentary Aff ...
Monday, 02 December 19
OPEC PREPS FOR OIL'S 2020 BALANCING ACT - WOOD MACKENZIE
What steps should OPEC and its non-OPEC partners take to keep the market in balance in 2020? Ahead of OPEC’s meeting in Vienna on 5 and 6 Dec ...
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- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- The University of Queensland
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- White Energy Company Limited
- Renaissance Capital - South Africa
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