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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, 19 July 22
DRY BULK MARKET: CAPESIZE MARKET FIRMS THIS WEEK - BALTIC EXCHANGE
Capesize
Firmer sentiment across both basins pushed the Capesize 5TC route average above the $20,000 threshold this week, closing at $24,209. A ...
Tuesday, 19 July 22
WHY SHIPPING MIGHT BE ABOUT TO GET A LITTLE BIT SLOWER - WORLD ECONOMIC FORUM
If shipping is the beating heart of global trade, its pulse is about to get slower.
Faced with uncertainty about which fuels to use in the long ...
Tuesday, 19 July 22
GERMANY'S INCREASED COAL, OIL USE WILL BE TEMPORARY, SCHOLZ SAYS - CNBC
Chancellor Olaf Scholz says Germany’s decision to reactivate coal and oil-fired power plants to relieve energy shortages because of the war i ...
Tuesday, 19 July 22
INDONESIA REMOVES PALM OIL EXPORT LEVY UNTIL AUG. 31 - REUTERS
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finan ...
Tuesday, 19 July 22
CHINA'S JUNE DAILY COAL OUTPUT JUMPS ON PEAK SUMMER DEMAND - REUTERS
China’s daily coal output in June rose 6.6 per cent from a month earlier as miners cranked up output ahead of peak summer temperatures, when ...
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- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Planning Commission, India
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Australian Coal Association
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
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