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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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Monday, 29 October 18
SUPRAMAX: THE ASIAN AREA SAW FALLING RATES, WITH A 61,000DWT FIXING DELIVERY KOHSICHANG TRIP VIA INDONESIA, REDELIVERY INDIA, AT $10,500 - BALTIC BRIEFING
Capesize
A market of two halves for most of the week with rates in the Atlantic firming and easing in the East for most of the week, but then, ...
Friday, 26 October 18
SHIP OPERATING COSTS EXPECTED TO RISE IN 2018 AND 2019 - MOORE STEPHENS
Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.
...
Friday, 26 October 18
SEVERAL CONTRACTIONS IN GLOBAL STEEL PRODUCTION - JEFFREY LANDSBERG
World Steel Association data released today shows that global crude steel production totaled approximately 151.7 million tons in September. T ...
Thursday, 25 October 18
WHAT DOES THE "IMO 2020" REGULATION REALLY SAY? A QUICK GUIDE - BIMCO
KNOWLEDGE TO ELEVATE
The shipping industry has all eyes firmly fixed on the topic, but what exactly do the “IMO 2020” global sulph ...
Wednesday, 24 October 18
MARKET INSIGHT - NASSOS SOULAKIS
Looking at 2018 SnP activity, it is evident that Greek, Chinese and North European (German and Norwegian) owners are the top buying nationalities, ...
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- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Minerals Council of Australia
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Planning Commission, India
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
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