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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, 15 May 19
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
Modern warfare - Trade wars & sanctions
As of May 1st, the U.S. has ended waivers to the sanctions that had allowed the top buyers of Irani ...
Monday, 13 May 19
INDONESIAN COAL PRICE REFERENCE CONTINUES TO FALL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Monday, 13 May 19
SUPRAMAX: SOUTHEAST ASIA THE MARKET SAW BETTER DEMAND - BALTIC BRIEFING
Cape
The market continued its rollercoaster ride last week opening with negative sentiment, but turning around in dramatic fashion by the week& ...
Thursday, 09 May 19
DEEP OFFSHORE SOUTHEAST ASIA CONGRESS 2019
Deep Offshore Southeast Asia Congress 2019
Event Date:2-3th July. 2019t
Location: Jakarta, Indonesia
Sarawak Shell Berhad (S ...
Thursday, 09 May 19
OFFSHORE CARIBBEAN CONGRESS 2019
Offshore Caribbean Congress 2019
Event Date: 4-5th July. 2019t
Location: Georgetown, Guyana
Hess announced a new d ...
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- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- The University of Queensland
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- The Treasury - Australian Government
- ICICI Bank Limited - India
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
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