COALspot.com keeps you connected across the coal world
  • THE MEoMR OF INDONESIA HAS REVISED DOWN JANUARY 2019 COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS TO US$ 92.41 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Tuesday, 24 April 18
IMO AIMS TO HALVE GLOBAL SHIPPING EMISSIONS - BUT WHAT WILL IT COST? - WOOD MACKENZIE
Wood Mackenzie

Global bunker fuel costs could rise by up to US$60 billion annually from 2020, in a full compliance scenario, when the International Maritime Organization's (IMO) 0.5 wt% sulphur cap for bunker fuels kicks in.

Fuel oil, which is high in sulphur content, has traditionally been used by the shipping industry as bunker fuel. In 2017, global demand for high-sulphur fuel oil stood at over 70% of overall bunker fuels.

With the implementation of the IMO regulation in 2020, shippers will have to consider a switch to alternative fuels, such as Ultra Low Sulphur Fuel Oil (ULSFO) or marine gas oil (MGO), or install scrubbers, a system that removes sulphur from exhaust gas emitted by bunkers.

Installing scrubbers may be an economically attractive option. Although there is an initial investment, shippers can expect a rate of return of between 20% and 50% depending on investment cost, MGO-fuel oil spread and ships' fuel consumption.  However, the penetration rate for scrubbers could be limited by a number of factors, including access to finance, scrubber manufacturing capacity and dry-dock space.

Demand from the bunker fuels market will total about 5.3 million b/d in 2020, according to Wood Mackenzie forecasts.

Based on pure ULSFO refinery streams, available ULSFO volumes in 2020 will total about 1.2 million b/d. This could be boosted by further blending ULSFO with vacuum gas oil (VGO) streams, but VGO is a valuable feedstock for the production of other lighter refinery products, and may not be readily available.


It is likely that MGO will help meet additional demand from the shipping sector. Wood Mackenzie estimates that this will see MGO demand rise by over 1 million b/d in 2020 in our base case outlook. Meeting this demand will require higher crude runs with residue upgrading units, particularly in the US and China, supporting an uplift in refining margins.

It also provides refiners, particularly in the US and China, the opportunity to capture the value of their ULSFO component streams and increase their share of the global bunker market.

Some refiners should see better profit margins as incremental demand for MGO rises, pushing up its price. Higher refining runs, required to meet additional MGO demand, could potentially push global gasoline market into surplus weakening gasoline prices. This could mean that the gasoline pain for some refiners could be more acute than the impact of weaker HSFO prices. Overall, we expect a material impact on refining economics post IMO and refiners must ensure they have a robust IMO strategy in place.


We also expect a shift in bunkering locations based on compliant fuels availability. Singapore, for example, could potentially lose some of its market share for bunker fuels to China as shippers look for alternative locations with a surplus of compliant fuels. China, with ample MGO supply, is well positioned to attract shippers.

New greenfield upgrading investments from refiners are unlikely to be purely driven by IMO regulation, and there is a need to look at longer-term rationale and strategic fit of these projects. Structural shifts in the fuel oil and gasoil markets may result in better economics, but that needs to be re-evaluated. For refiners choosing not to invest, the focus should be on infrastructure to capture the opportunity from their existing configuration and internal streams.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 16 January 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we go through the first days of the year and just a few weeks before the Chinese New Year, the ship repair sector is witnessing a big difference ...


Monday, 14 January 19
KOREA SOUTHERN POWER INVITES BIDS FOR 320,000 MT OF MIN 3,800 NCV COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 3,800 kcal/kg NCV coal for ...


Friday, 11 January 19
SUPRAMAX: THE ASIAN ARENA HAD A MIXED START; LIMITED ACTION IN SOUTHEAST ASIA - THE BALTIC BRIEFING
Capesize Dashed hopes summed up the first full week of the New Year. A slow start followed by a busy 24 hours of improving rates and a firming ...


Thursday, 10 January 19
BUNKER DELIVERY NOTE AMENDMENTS ENTER INTO FORCE AS SULPHUR 2020 REQUIREMENT LOOMS - IMO
KNOWLEDGE TO ELEVATE Amendments to the bunker delivery note relating to the supply of marine fuel oil to ships which have fitted alternative m ...


Thursday, 10 January 19
WORLD TRADE IN THERMAL COAL IS ESTIMATED TO HAVE GROWN BY 1.0 PER CENT IN 2018 - DEPARTMENT OF INDUSTRY, AUSTRALIA
World Trade World trade in thermal coal is estimated to have grown by 1.0 per cent to 1.1 billion tonnes in 2018 but it is expected to decline ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5376
News by Category
Popular News
 
Total Members : 25,767
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • ETA - Dubai
  • Central Java Power - Indonesia
  • IEA Clean Coal Centre - UK
  • Thai Mozambique Logistica
  • Vale Mozambique
  • Mercuria Energy - Indonesia
  • Borneo Indobara - Indonesia
  • Sucofindo - Indonesia
  • Shree Cement - India
  • Binh Thuan Hamico - Vietnam
  • Dalmia Cement Bharat India
  • The University of Queensland
  • Jatenergy - Australia
  • Planning Commission, India
  • Bharathi Cement Corporation - India
  • Thiess Contractors Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Maersk Broker
  • Inspectorate - India
  • Platou - Singapore
  • Krishnapatnam Port Company Ltd. - India
  • OPG Power Generation Pvt Ltd - India
  • Siam City Cement PLC, Thailand
  • Latin American Coal - Colombia
  • Port Waratah Coal Services - Australia
  • EMO - The Netherlands
  • Vedanta Resources Plc - India
  • World Bank
  • The India Cements Ltd
  • Interocean Group of Companies - India
  • Parliament of New Zealand
  • Larsen & Toubro Limited - India
  • Thomson Reuters GRC
  • Kohat Cement Company Ltd. - Pakistan
  • IOL Indonesia
  • Coastal Gujarat Power Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Adaro Indonesia
  • IBC Asia (S) Pte Ltd
  • Billiton Holdings Pty Ltd - Australia
  • Adani Power Ltd - India
  • Sindya Power Generating Company Private Ltd
  • PetroVietnam
  • JPower - Japan
  • Agrawal Coal Company - India
  • Britmindo - Indonesia
  • GHCL Limited - India
  • Antam Resourcindo - Indonesia
  • Kaltim Prima Coal - Indonesia
  • RBS Sempra - UK
  • Sree Jayajothi Cements Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • Cosco
  • Jaiprakash Power Ventures ltd
  • Maybank - Singapore
  • London Commodity Brokers - England
  • Mintek Dendrill Indonesia
  • Makarim & Taira - Indonesia
  • Thriveni
  • Wilmar Investment Holdings
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Indonesia Power. PT
  • Maruti Cements - India
  • Directorate Of Revenue Intelligence - India
  • Bulk Trading Sa - Switzerland
  • Bhatia International Limited - India
  • Vizag Seaport Private Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Malabar Cements Ltd - India
  • Barclays Capital - USA
  • Jindal Steel & Power Ltd - India
  • Mjunction Services Limited - India
  • bp singapore
  • Bukit Asam (Persero) Tbk - Indonesia
  • Arch Coal - USA
  • Shenhua Group - China
  • Savvy Resources Ltd - HongKong
  • NTPC Limited - India
  • Gujarat Sidhee Cement - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Indika Energy - Indonesia
  • Aditya Birla Group - India
  • Carbofer General Trading SA - India
  • Banpu Public Company Limited - Thailand
  • Altura Mining Limited, Indonesia
  • Barasentosa Lestari - Indonesia
  • Indorama - Singapore
  • Central Electricity Authority - India
  • Inco-Indonesia
  • SGS (Thailand) Limited
  • McKinsey & Co - India
  • TANGEDCO India
  • Kapuas Tunggal Persada - Indonesia
  • Coal Orbis AG
  • UOB Asia (HK) Ltd
  • Renaissance Capital - South Africa
  • Attock Cement Pakistan Limited
  • EIA - United States
  • South Luzon Thermal Energy Corporation
  • Indogreen Group - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Commonwealth Bank - Australia
  • Ceylon Electricity Board - Sri Lanka
  • Chamber of Mines of South Africa
  • GVK Power & Infra Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • Parry Sugars Refinery, India
  • Xindia Steels Limited - India
  • Deloitte Consulting - India
  • Indian School of Mines
  • HSBC - Hong Kong
  • Star Paper Mills Limited - India
  • Kobe Steel Ltd - Japan
  • Platts
  • Freeport Indonesia
  • India Bulls Power Limited - India
  • ACC Limited - India
  • Ambuja Cements Ltd - India
  • Romanian Commodities Exchange
  • ANZ Bank - Australia
  • PLN - Indonesia
  • Cemex - Philippines
  • Gresik Semen - Indonesia
  • Tamil Nadu electricity Board
  • Mercator Lines Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Ince & co LLP
  • Malco - India
  • SASOL - South Africa
  • Grasim Industreis Ltd - India
  • Siam City Cement - Thailand
  • Coal India Limited
  • McConnell Dowell - Australia
  • Fearnleys - India
  • Pinang Coal Indonesia
  • TNPL - India
  • Indo Tambangraya Megah - Indonesia
  • Coalindo Energy - Indonesia
  • Kideco Jaya Agung - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Sakthi Sugars Limited - India
  • World Coal - UK
  • Total Coal South Africa
  • BRS Brokers - Singapore
  • Georgia Ports Authority, United States
  • Ind-Barath Power Infra Limited - India
  • Manunggal Multi Energi - Indonesia
  • DBS Bank - Singapore
  • Alfred C Toepfer International GmbH - Germany
  • PTC India Limited - India
  • Surastha Cement
  • Bayan Resources Tbk. - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Metalloyd Limited - United Kingdom
  • CCIC - Indonesia
  • Energy Link Ltd, New Zealand
  • CIMB Investment Bank - Malaysia
  • Aboitiz Power Corporation - Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • OCBC - Singapore
  • PLN Batubara - Indonesia
  • Glencore India Pvt. Ltd
  • Power Finance Corporation Ltd., India
  • Minerals Council of Australia
  • European Bulk Services B.V. - Netherlands
  • KEPCO - South Korea
  • Reliance Power - India
  • Bukit Baiduri Energy - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Argus Media - Singapore
  • Arutmin Indonesia
  • Bangladesh Power Developement Board
  • Xstrata Coal
  • Australian Commodity Traders Exchange
  • Simpson Spence & Young - Indonesia
  • BNP Paribas - Singapore
  • Core Mineral Indonesia
  • Vitol - Bahrain
  • Mechel - Russia
  • Wood Mackenzie - Singapore
  • MEC Coal - Indonesia
  • Standard Chartered Bank - UAE
  • Gupta Coal India Ltd
  • Asmin Koalindo Tuhup - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • J M Baxi & Co - India
  • Japan Coal Energy Center
  • Petrosea - Indonesia
  • Asia Cement - Taiwan
  • Independent Power Producers Association of India
  • Rio Tinto Coal - Australia
  • Toyota Tsusho Corporation, Japan
  • Humpuss - Indonesia
  • White Energy Company Limited
  • Idemitsu - Japan
  • Cargill India Pvt Ltd
  • Chettinad Cement Corporation Ltd - India
  • KOWEPO - South Korea
  • Uttam Galva Steels Limited - India
  • Asian Development Bank
  • Videocon Industries ltd - India
  • Medco Energi Mining Internasional
  • Holcim Trading Pte Ltd - Singapore
  • Orica Australia Pty. Ltd.
  • Madhucon Powers Ltd - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Permata Bank - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Thermax Limited - India
  • Marubeni Corporation - India
  • Essar Steel Hazira Ltd - India
  • IHS Mccloskey Coal Group - USA
  • TeaM Sual Corporation - Philippines
  • Posco Energy - South Korea
  • Riau Bara Harum - Indonesia
  • Ministry of Transport, Egypt
  • Gujarat Electricity Regulatory Commission - India
  • Cement Manufacturers Association - India
  • Russian Coal LLC
  • Bhoruka Overseas - Indonesia
  • Orica Mining Services - Indonesia
  • ING Bank NV - Singapore
  • Lanco Infratech Ltd - India
  • Ministry of Finance - Indonesia
  • Infraline Energy - India
  • Ministry of Mines - Canada
  • Heidelberg Cement - Germany
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Clarksons - UK
  • Qatrana Cement - Jordan
  • Berau Coal - Indonesia
  • MS Steel International - UAE
  • JPMorgan - India
  • Geoservices-GeoAssay Lab
  • ASAPP Information Group - India
  • Mitsui
  • Mitra SK Pvt Ltd - India
  • Samsung - South Korea
  • KPCL - India
  • PowerSource Philippines DevCo
  • Directorate General of MIneral and Coal - Indonesia
  • Bangkok Bank PCL
  • Africa Commodities Group - South Africa
  • PetroVietnam Power Coal Import and Supply Company
  • CoalTek, United States
  • U S Energy Resources
  • Merrill Lynch Bank
  • Lafarge - France
  • SUEK AG - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Cardiff University - UK
  • ICICI Bank Limited - India
  • Mitsubishi Corporation
  • VISA Power Limited - India
  • The State Trading Corporation of India Ltd
  • Bukit Makmur.PT - Indonesia
  • Bank of America
  • Thailand Anthracite
  • PNOC Exploration Corporation - Philippines
  • Noble Europe Ltd - UK
  • NALCO India
  • Tata Power - India
  • Enel Italy
  • Tanito Harum - Indonesia
  • Goldman Sachs - Singapore
  • KPMG - USA
  • IMC Shipping - Singapore
  • Sojitz Corporation - Japan
  • Miang Besar Coal Terminal - Indonesia
  • Electricity Generating Authority of Thailand
  • Maheswari Brothers Coal Limited - India
  • Anglo American - United Kingdom
  • Vijayanagar Sugar Pvt Ltd - India
  • UBS Singapore
  • Coal and Oil Company - UAE
  • Timah Investasi Mineral - Indoneisa
  • Formosa Plastics Group - Taiwan
  • Karaikal Port Pvt Ltd - India
  • WorleyParsons
  • GB Group - China
  • Coaltrans Conferences
  • Global Coal Blending Company Limited - Australia
  • Leighton Contractors Pty Ltd - Australia
  • SMG Consultants - Indonesia
  • Peabody Energy - USA
  • Trasteel International SA, Italy
  • Economic Council, Georgia
  • Indonesian Coal Mining Association
  • Ernst & Young Pvt. Ltd.
  • Salva Resources Pvt Ltd - India
  • Oldendorff Carriers - Singapore
  • Coeclerici Indonesia
  • Samtan Co., Ltd - South Korea
  • globalCOAL - UK
  • CESC Limited - India
  • Bhushan Steel Limited - India
  • International Coal Ventures Pvt Ltd - India
  • GNFC Limited - India
  • Kumho Petrochemical, South Korea
  • Globalindo Alam Lestari - Indonesia
  • Singapore Mercantile Exchange
  • Rudhra Energy - India
  • Tata Chemicals Ltd - India
  • Price Waterhouse Coopers - Russia
  • Runge Indonesia
  • GMR Energy Limited - India
  • Sical Logistics Limited - India
  • Deutsche Bank - India
  • Credit Suisse - India
  • The Treasury - Australian Government
  • Edison Trading Spa - Italy
  • Kobexindo Tractors - Indoneisa
  • GAC Shipping (India) Pvt Ltd
  • SRK Consulting
  • Eastern Coal Council - USA
  • APGENCO India
  • Bahari Cakrawala Sebuku - Indonesia
  • Eastern Energy - Thailand
  • Bank of China, Malaysia
  • Australian Coal Association
  • Panama Canal Authority
  • Maharashtra Electricity Regulatory Commission - India
  • Merrill Lynch Commodities Europe
  • Intertek Mineral Services - Indonesia
  • Moodys - Singapore
  • New Zealand Coal & Carbon
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • CNBM International Corporation - China
  • Rashtriya Ispat Nigam Limited - India
  • Indian Oil Corporation Limited