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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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Monday, 02 December 19
GREENER LNG IS VITAL TO ASIA'S SUSTAINABLE DEVELOPMENT - WOOD MACKENZIE
Asia struggles with the world’s worst air pollution. Delhi hit the headlines in November 2019 as levels spiked to such hazardous levels that ...
Monday, 02 December 19
5TH EAST & SOUTHERN AFRICA GAS & LNG CONFERENCE 2020
5th East & Southern Africa Gas & LNG Conference 2020
April 2-3
Maputo, Mozambique
5th East & Southern Afri ...
Monday, 02 December 19
5TH DEEPWATER EAST & SOUTHERN AFRICA CONGRESS 2020
5th Deepwater East & Southern Africa Congress 2020
April 2-3
Maputo, Mozambique
5th Deepwater East & Southern ...
Sunday, 01 December 19
6TH CENTRAL & EASTERN EUROPE NUCLEAR INDUSTRY CONGRESS 2020
6th Central & Eastern Europe Nuclear Industry Congress 2020
January 20-21 | Prague, Czech Republic
Overview
6th ...
Saturday, 30 November 19
IMO2020 GLOBAL SULPHUR CUT: GERMAN SHIPPING TO USE NEW TYPE OF FUEL VDR SURVEY
IMO2020 Global sulphur cut: German shipping to use new type of fuel VDR survey: Technical issues and costs are the biggest challenges - VDR
&nb ...
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- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Star Paper Mills Limited - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
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