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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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Saturday, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
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- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- The University of Queensland
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Planning Commission, India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- PTC India Limited - India
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
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