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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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Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
Tuesday, 17 January 23
MARKET INSIGHT - INTERMODAL
Rumor has it that the New Year has come, to set the pace in, for Russia to continue hostilities against Ukraine. Ten months on the go, into Russia& ...
Tuesday, 17 January 23
INDONESIA IS ACCOUNTING FOR 32.3% OF THE GLOBAL SEABORNE COAL MARKET IN 2022 - BENCHERO 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, Benchero ...
Tuesday, 10 January 23
INDONESIAN HBA IS SEEING A SPIKE IN JANUARY 2023 INSTEAD OF A SIGNIFICANT FALL IN DECEMBER 2022
COALspot.com: Indonesian Coal Price Reference up 8.43% in January 2023.
HBA is seeing a dramatic spike in January 2023 i ...
Sunday, 08 January 23
INDIAN COAL POWER PLANTS SHOULD BE COMPENSATED FOR 2022 FORCED GENERATION – REGULATOR : REUTERS
Indian power plants that rely on imported coal should be fully compensated when forced to supply electricity, the country’s power regulator s ...
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- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
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