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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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Sunday, 26 February 23
MAWANI AND JEDDAH CHAMBER SIGN AN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK
Press Release: The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated ...
Saturday, 25 February 23
INDONESIA IS STILL BY FAR THE TOP SUPPLIER OF COAL TO CHINA - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, said ban ...
Wednesday, 22 February 23
MARKET INSIGHT - INTERMODAL
The short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progre ...
Saturday, 18 February 23
OIL UNLIKELY TO BREAK ABOVE $100/BBL THIS YEAR, J.P.MORGAN SAYS –- REUTERS
Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially add ...
Saturday, 18 February 23
CHINA'S COAL PRICES FALL TO 1 YR-LOW, CLOUDING DEMAND AND IMPORT OUTLOOK - REUTERS
China’s thermal coal prices hit their lowest levels in a year this week on rising inventories as domestic mine production is recovering faste ...
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- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- The University of Queensland
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Planning Commission, India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
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