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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, 01 November 21
COAL PRICES HAVE FURTHER ROOM TO DROP: TOP ECONOMIC PLANNER - GLOBAL TIMES
China’s top economic planner said coal prices have further room to drop on Friday, as the most traded coal futures dropped to below 1,000 yua ...
Saturday, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...
Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climat ...
Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...
Thursday, 28 October 21
CANADA BAN ON SHIPPING COAL WOULD EQUAL SCRAPPING AS MANY AS 3 MILLION CARS - IEEFA
Canada ban on shipping coal would equal scrapping as many as 3 million cars
Change in Canadian policy could have major implications ...
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- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Planning Commission, India
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- PTC India Limited - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Australian Coal Association
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- The University of Queensland
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
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