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Friday, 20 March 20
84% OF FEBRUARY BUNKER SALES IN SINGAPORE ARE LOW-SULPHUR FUELS - BIMCO
 Low-sulphur fuels accounted for 84% of total February sales in Singapore, slightly up from 83% in January. The sale of low-sulphur fuel oil (LSFO) made up the largest component at 71.5%, with Marine Gas Oil (MGO) accounting for 12.5%.
Total bunker sales in February fell 16% to 3.9 million tonnes compared with January, reflecting lower demand for shipping as the coronavirus paralysed intra-Asian supply chains.
Now that both the sulphur cap and the non-compliant fuel oil carriage ban have come into force, the only ships still bunkering high-sulphur fuels are those with scrubbers installed. Just under 30% of the VLCC fleet currently has a scrubber fitted, compared to around 14% of the Aframax fleet, as the larger ship sizes have seen the greatest number of scrubber installations. Overall, 14.2% of the fleet, when measured in DWT, has a scrubber installed (source: Clarksons).
Advantage for scrubber fitted ships narrows
The collapse of the OPEC+ alliance means Saudi Arabia is preparing to flood the market with cheap crude oil. This has resulted in tumbling oil prices and consequently, lower bunker fuel costs.
On 17 March 2020, a metric ton of VLSFO cost USD 293, a 59% drop from USD 710 per metric ton on 1 January 2020, causing the VLSFO- HSFO spread to fall to USD 93 per metric ton. That represents the first time that the spread has fallen below USD 100, lowering the advantage that scrubber fitted ships have previously enjoyed. Similarly, the MGO-HFSO spread has fallen to its lowest level this year at just USD 112 per metric ton.
Source: BIMCO
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Saturday, 28 March 20
ASIA'S COAL MARKETS DIVERGE ON QUALITY LINES AS CORONAVIRUS HITS INDIA - REUTERS
Asia’s seaborne coal market is increasingly diverging between higher-quality Australian coal, where prices are holding up despite the economi ...
Friday, 27 March 20
CHINA'S BULKS: THE SENTIMENT GAP BETWEEN STEEL AND COAL WIDENS - WOOD MACKENZIE
China seems to be containing its local coronavirus situation, with imported cases now posing the greater threat. While quarantine measures remain t ...
Friday, 27 March 20
S.KOREA Q1 THERMAL COAL IMPORTS SET FOR 10-YR LOW ON ANTI-POLLUTION MEASURES - REUTERS
South Korea’s first-quarter thermal coal imports are set to fall to a decade-low due to stricter air pollution measures, while the coronaviru ...
Friday, 27 March 20
PORT OF NEWCASTLE OPERATIONS CONTINUE WITH COVID-19 RESPONSE MEASURES IN PLACE
Port of Newcastle, like many organisations, is taking a precautionary approach to help manage COVID-19 risks in the community. Our focus is on ensu ...
Thursday, 26 March 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
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- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- The University of Queensland
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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