COALspot.com keeps you connected across the coal world
  • THE MEoMR OF INDONESIA HAS REVISED DOWN MARCH 2019 COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS TO US$ 90.57 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
Wednesday, 03 October 18
SHIPPING MARKET INSIGHT - KATERINA RESTIS
IntermodalThe bunker fuel supply and availability landscape is close to its transformation with the enforcement of the IMO’s global 0.5% fuel Sulphur content cap regulation from 1st of January, 2020. Shipowners will have to choose between available options for them to comply with the regulation, while refiners will have to make suitable changes to refinery configuration and production in response to market demand. Thus far all parties will have to decide on the most efficient and appropriate solution that will suit their operations and allow them to remain commercially sustainable in the long run. 
 
The swipe from the present 3.5% to 0.5% Sulphur content marine fuel will practically be an overnight shift as refineries would need to continue production and supply of up to 3.5% marine fuel until the day regulation requirement kicks in. Global refining will face enormous logistics, storage and delivery issues, while ships will have to clean out fuel systems to avoid Sulphur contamination. Thus, there is a risk such quick swing to lead to a period of product shortages and inflated marine oil prices. According to data reported on average up to 2017, the shipping industry was consuming approximately 3.2m barrels p/d of HFO and 800k p/d of MGO. Accordingly, from 2020 onwards it is estimated that proportion will alter to 700k p/d of HFO to 3.4m barrels p/d of MGO. Obviously, the use of compliant Sulphur oil products will be the expensive solution for ship-owners that will either absorb the cost or possibly operators will try to pass the cost to Charterers via increased freight rates. 
 
Simple refineries that produce a substantial share of their crude oil into HFO may face margin pressures, while complex refineries with greater infrastructures may potentially boost margins with larger production of low Sulphur products. IEA has stated that if refiners ran at similar utilization rates as of today, it would be unlikely to produce the essential volumes of gas oil. Particularly, if quantity rises to meet the required gas oil volumes, margins would be inevitably affected by shrinking profits. 
 
Overall, oil majors and refineries will try to back up the bunker fuel demand ascending from the new regulation through several ways. Refiners may elevate ULSFO production by extracting low Sulphur fuel streams that are currently blended into LSFO or HSFO will be made available to the market as ULS FO. ExxonMobil, for example has introduced a product, Heavy Distillate Marine ECA 50 that can be consumed onboard like HFO and has only 0.1% Sulphur content. Furthermore, refiners have an issue of handling their surplus residue as this option comes with higher risk on returns of investment. This is due to the fact that oil demand is founded on shippers’ uptake of alternative options such as scrubber installation and LNG bunkering. Refiners can raise LNG bunker supplies in major bunkering hubs. In Singapore, Shell and ExxonMobil are working with Maritime and Port Authority of Singapore to supply LNG as fuel. 
 
To sum up, in the scenario that refineries restrict the availability of HFO on expected higher margins from selling MGO, then vessels fitted with scrubbers might face challenges in relation to adequate supply of HFO. On the other hand, refineries worry that any surge in the use of MGO would head to excess quantity of HFO. For sure refineries are not rushing to big investments to change production set ups while ship-owners are still considering their options. It’s a dilemma for all parties and a puzzle to be solved.

By Katerina Restis
Tanker Chartering

Compiled by:

Intermodal Research & Valuations

Analysts:
Ms Eva Tzima

George Panagopoulos

Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.

The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.


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

Recent News

Monday, 18 March 19
A 56,000DWT SHIP FIXED DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY CHINA, AT $10,000 - BALTIC BRIEFING
Capesize The Baltic Capesize market shrugged off its recent negative sentiment to post daily incremental improvements over the last week. Pacif ...


Saturday, 16 March 19
AUSTRALIAN COAL STILL FACING CHINESE DELAY - AAP
Australian coal exports to China are still facing delays, with protectionism and environmental checks blamed for the slowdown.   Coal ...


Thursday, 14 March 19
SUPRAMAX: INDO COAL CARGOES GETTING FIXED AT AROUND US$ 12000 TO CHINA - FEARNLEYS
Capesize Average daily earning still well below operating costs, and owners keep bleeding - but nevertheless finally some bright spots for the ...


Monday, 11 March 19
SUPRAMAX: A 61,000 DWT VESSEL WAS BOOKED SINGAPORE FOR A TRIP VIA INDONESIA TO CHINA AT $10,500 - BALTIC BRIEFING
Capesize A faint glimmer of hope with the suggestion the market may have finally bottomed out, with owners attempting to resist further cuts in ...


Friday, 08 March 19
KOMIPO INVITES BIDS FOR 2.6 MILLION TONS OF AUSTRALIAN 5700 NAR COAL FOR FIVE YEARS
South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 MT of min. 5700 NAR coal of Australian origin to be burnt ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5422
News by Category
Popular News
 
Total Members : 25,955
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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