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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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Friday, 26 November 21
CHINA FINDS COMPLIANCE PROBLEMS IN COAL PRICE INDEX PROBE - REUTERS
China’s state planner on Wednesday said it had discovered some “noncompliant” behaviour among coal price index providers as it an ...
Thursday, 25 November 21
SE ASIA POWER DEMAND TO RISE AS STATE SUPPORT MITIGATES COVID-19 IMPACT - FITCH RATINGS
Electricity demand in south-east Asia is likely to increase in 2021, following slow growth or contraction in 2020, thanks to state support that has ...
Thursday, 25 November 21
FITCH RATINGS INCREASES MOST GLOBAL METALS AND MINING PRICE ASSUMPTIONS - FITCH RATINGS
Fitch Ratings has increased most metals and mining price assumptions, particularly those that benefit from increased longer-term demand due to glob ...
Thursday, 25 November 21
CHINA'S COAL PRICE DROPS IN MID-NOVEMBER AMID GOVERNMENT’S SWEEPING MEASURES - GLOBAL TIMES
China’s coal prices have dropped significantly in mid-November compared with the beginning of the month, with the price of coking coal and co ...
Wednesday, 24 November 21
MARKET INSIGHT - INTERMODAL
Inflation is the word that has dominated the meetings of foreign leaders and finance ministers in recent weeks, as rising energy costs, supply chai ...
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- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- PTC India Limited - India
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Economic Council, Georgia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
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