COALspot.com keeps you connected across the coal world
  • AUGUST 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 72.67 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

Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.   ...


Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...


Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...


Sunday, 11 August 19
ULTRAMAX: A 58,000DWT VESSEL OPEN KEMAMAN FIXED FOR TWO TO THREE LADEN LEGS, REDELIVERY SINGAPORE-JAPAN, AT $12,250 - BALTIC BRIEFING
Capesize With typhoon Lekima gathering pace, numerous China ports were closed by the end of the week and will likely be for two to three days. ...


Tuesday, 06 August 19
SHIPPING MARKET INSIGHT - INTERMODAL
On the 12th of May four tankers were attacked near the coast of Fujairah.  The tankers hit were waiving international flags such as that of No ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5523
News by Category
Popular News
 
Total Members : 26,420
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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