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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, 04 July 18
TANKER MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
2 years tanker briefing in tanker asset prices
The tanker market is undoubtedly passing one of its’ roughest times over the la ...
Tuesday, 03 July 18
COAL, THE SECOND MAIN COMMODITY FOR CAPES, HAS BEEN SHOWING A REMARKABLE RISE IN TRADE VOLUMES IN THE YEAR SO FAR - THOMAS CHASAPIS
Having reached the mid-point in the year, it seems to be a good time to summarize the overall trends noted in the Dry Bulk sector and more specific ...
Tuesday, 03 July 18
SUPRAMAX: A 56,000-DWT WAS FIXED BASIS DELIVERY SINGAPORE TRIP VIA INDONESIA, REDELIVERY CHINA, AT $12,100 - BALTIC BRIEFING
Capesize
The market generally drifted and by mid-week dropped to what some felt was an artificially low level, only to bounce back at the end o ...
Tuesday, 03 July 18
COAL OVERTAKES IRON ORE IN GOVERNMENT FORECASTS AS AUSTRALIA'S LARGEST EXPORT FOR 2018-19 - MINERALS COUNCIL OF AUSTRALIA
Coal is forecast to be Australia’s largest export earner at $58.1 billion in 2018-19 with iron ore exports forecast to earn $57.7 billion in ...
Monday, 02 July 18
THIESS SECURES NEW QCOAL NORTHERN HUB $480M CONTRACT
Thiess has been awarded a new A$480 million contract by QCoal to continue operations at the QCoal Northern Hub located in Queensland’s Bowen ...
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- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- The University of Queensland
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
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