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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, 31 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
It was a fairly busy week in the dry S&P market. Despite the ease of Capesize rates which impacted Panamaxes as well, interest from potential b ...
Sunday, 28 July 19
ULTRAMAX - INDONESIAN COAL CARGOES SAW A 63,000DWT SHIP FIXING DELIVERY FOR A SOUTH CHINA TRIP VIA INDONESIA, REDELIVERY CHINA, AT $11,700 - BALTIC BRIEFING
Capesize
The market was a white knuckled ride this past week as a large downside movement shed value quickly leaving many in bewilderment. The ...
Wednesday, 24 July 19
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.27 PCT - XINHUA
China Taiyuan coal transaction price index stood at 138.78 points Monday, down 0.27 percent week on week.
The index, released by Chi ...
Wednesday, 24 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
Tonnes of ink has been spent analysing the rebound of the dry bulk market the last weeks with the most representative example being the rising perf ...
Wednesday, 24 July 19
COAL'S DEMISE QUICKENS IN EUROPE AS MARKET SHIFT IDLES PLANTS - BLOOMBERG
Commodity markets are stripping away the case for coal in Europe, moving quicker than government efforts to close the most polluting power plants.
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- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- White Energy Company Limited
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Planning Commission, India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
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