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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, 29 November 22
SEABORNE COAL FLOWS IN 2022 - SIGNAL
This year is crucial for the energy mix in European countries, as the EU has imposed new sanctions on Russia. It is important to emphasize that the ...
Friday, 25 November 22
APAC THERMAL COAL PRICES CORRECT FROM RECORD HIGH - FITCH RATINGS
Prices of Newcastle 6,000kcal/kg coal have corrected following falling European gas and coal prices, and more supply from Australia could help miti ...
Thursday, 24 November 22
VIETNAM BOOSTS COAL USE PLAN FOR 2030 AS G7 CLIMATE OFFER STALLS - REUTERS
Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables ...
Tuesday, 22 November 22
THE GENCON 2022 CHARTERPARTY - GARD
KNOWLEDGE TO ELEVATE
BIMCO has published a revamped version of the popular GENCON charterparty. Our author, Helena Biggs, was a member of the ...
Tuesday, 22 November 22
INDIA POWER BINGES ON COAL, OUTPACES ASIA - REUTERS
India’s coal-fired power output has increased much faster than any other country in the Asia Pacific since Russia’s invasion of Ukraine ...
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- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Minerals Council of Australia
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- The University of Queensland
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
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