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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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Wednesday, 06 October 21
EUROPEAN COAL FUTURES CLIMB TO 13-YEAR PEAK - REUTERS
European coal futures rose to a 13-year high and physical thermal coal prices were at record highs as rallying gas prices and strong Asian demand f ...
Tuesday, 05 October 21
CAPESIZE MARKET WAS IN A STEEP CLIMB FOR MOST OF THIS WEEK - BALTIC EXCHANGE
Capesize
The Capesize market was in a steep climb for most of this week as it reached a pinnacle of $74,786 Wednesday before stalling, regather ...
Wednesday, 29 September 21
THE WRITING IS ON THE WALL: AUSTRALIA’S COAL ERA IS OVER - YAHOO!FINANCE
As the fringe of Australian politics strives to pump up the coal industry, facts show that coal production has started its long run decline.
&n ...
Wednesday, 29 September 21
SURGING COAL PRICES SPLIT ASIAN BUYERS INTO RICH AND POOR - REUTERS
As seaborne coal in Asia trades at, or near, record highs, there are early signs of demand destruction, especially among price-sensitive buyers suc ...
Wednesday, 29 September 21
MARKET INSIGHT - INTERMODAL
Tanker Asset values have surprised to the upside, despite the downward pressure on the freight market. Tanker rates have been hovering close to the ...
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- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- MS Steel International - UAE
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
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