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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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Thursday, 17 January 19
EIA ESTIMATES THAT U.S. COAL EXPORTS WERE 116 MMST IN 2018, 20% HIGHER THAN THE AMOUNT EXPORTED IN 2017
Coal Supply
EIA estimates that coal production declined by 20 million short tons (MMst) (3%) in 2018, despite a 19 MMst increase in U.S. coal e ...
Thursday, 17 January 19
U.S COAL OUTPUT IS EXPECTED TO FALL BY 3 PER CENT IN 2019 - EIA
EIA forecasts that U.S. coal production will total 729 million short tons (MMst) in 2019, down by 25 MMst (3%) from 2018.
Acco ...
Wednesday, 16 January 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we go through the first days of the year and just a few weeks before the Chinese New Year, the ship repair sector is witnessing a big difference ...
Monday, 14 January 19
KOREA SOUTHERN POWER INVITES BIDS FOR 320,000 MT OF MIN 3,800 NCV COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 3,800 kcal/kg NCV coal for ...
Friday, 11 January 19
SUPRAMAX: THE ASIAN ARENA HAD A MIXED START; LIMITED ACTION IN SOUTHEAST ASIA - THE BALTIC BRIEFING
Capesize
Dashed hopes summed up the first full week of the New Year. A slow start followed by a busy 24 hours of improving rates and a firming ...
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- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Planning Commission, India
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Economic Council, Georgia
- The University of Queensland
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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