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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 March 22
MEMR OF INDONESIA HAS FIXED COAL PRICE AT US$ 90 PER TONNE FOR DOMESTIC INDUSTRIES EXCEPT SMELTER INDUSTRIES; FOR PLN USD 70 IS APPLICABLE
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has set the selling price of coal for domestic, industrial except metal processing an ...
Monday, 21 March 22
A FORCE MAJEURE TO BE RECKONED WITH - BALTIC EXCHANGE
Sanctions cause payment confusion
This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercis ...
Monday, 21 March 22
CHINA'S COAL OUTPUT UP 10.3 PCT IN FIRST TWO MONTHS - XINHUA
China’s raw coal output posted fast growth in the first two months of 2022, while coal imports continued to shrink, official data showed.
...
Tuesday, 15 March 22
INDUSTRY VETERANS & ORGANIZATIONS HONOURED WITH THE PRESTIGIOUS SHIPTEK INTERNATIONAL AWARDS 2022
Press Release: The 15th edition of the prestigious ShipTek International Conference & Awards 2022 concluded successfully from March 7th - 8th 2 ...
Tuesday, 15 March 22
CHINA'S COAL OUTPUT GROWS TO STABILIZE MARKET SUPPLY - XINHUA
China’s coal market has seen growth in output since late February amid the country’s efforts to stabilize production and ensure supply, ...
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- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- The University of Queensland
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- VISA Power Limited - India
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- White Energy Company Limited
- Australian Coal Association
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
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