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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, 24 October 16
DRY BULK:MARKET ENDS WEEK WITH MIXED REACTIONS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities ending with mixed direction as Cape and BDI was declined ...
Thursday, 20 October 16
THE PORT OF NEWCASTLE SHIPPED 16.97 PERCENT MORE COAL IN SEPTEMBER
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1,216.7 m ...
Thursday, 20 October 16
A SUPRAMAX HAVE BEEN FIXED AT $12,500 FOR A INDIA TO BANGLADESH TRIP - FEARNLEYS
Supramax
A bit more activities with modest upturn in rates.
According to Fearnleys weekly report, US Gulf trip to Skaw-Passero has seen cons ...
Wednesday, 19 October 16
THE SHIPPING MARKET IS IN A WAIT AND SEE MODE - INTERMODAL
We are now heading towards the end of a rather volatile 2016 for the dry bulk segment. During the last 10 months there were never any clear indicat ...
Tuesday, 18 October 16
COAL PRICES KEPT CLIMBING
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
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- Orica Australia Pty. Ltd.
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- The State Trading Corporation of India Ltd
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- Agrawal Coal Company - India
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- Merrill Lynch Commodities Europe
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- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
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- Planning Commission, India
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- Australian Coal Association
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- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
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- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
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- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
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- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
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- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
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- The University of Queensland
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
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- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Parliament of New Zealand
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- Latin American Coal - Colombia
- GMR Energy Limited - India
- Cement Manufacturers Association - India
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- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
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- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Economic Council, Georgia
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- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
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- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
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- Kideco Jaya Agung - Indonesia
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- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
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- Independent Power Producers Association of India
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