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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, 21 February 17
CHINA SUSPENDS COAL IMPORTS FROM NORTH KOREA FROM 19 FEB
COALspot.com: China is suspended coal imports from North Korea until December 2017. China says it will suspend all imports of coal from North Korea ...
Monday, 20 February 17
OCEAN FREIGHT RATES SLIGHTLY UP WEEK OVER WEEK
COALspot.com: The Freight market was firmed up this past week. The Panamax segment was declined for the week ending 17 February 2017.
The Balt ...
Friday, 17 February 17
U.S. COAL PRODUCTION SLIPS SLIGHTLY WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million sh ...
Thursday, 16 February 17
CAPE MARKET HAVE EXPERIENCED A STRONG DOWNTURN - FEARNLEYS
Supramax
Market has shifted sides from Atlantic to Pacific, where Atlantic is now lagging behind with little action and sliding indices, notably ...
Thursday, 16 February 17
IF I PLAN TO UNDERTAKE A CHARTERPARTY WITH AN UNFAMILIAR ENTITY, WHAT STEPS CAN I TAKE TO ENSURE THE CHARTERER WILL PAY THEIR HIRE? - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE
Due to the difficult conditions currently existing in the shipping market, particularly in the offshore sector, Members a ...
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- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- MS Steel International - UAE
- Anglo American - United Kingdom
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- VISA Power Limited - India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Australian Coal Association
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
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