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Thursday, 24 December 15
GLOBAL MARINE FUEL REGULATIONS COULD SHOCK REFINING AND OIL MARKETS - OPEC | HELLENIC SHIPPING NEWS
 IMO regulations call for global standards for sulphur content in marine fuel to be tightened to 0.5% from its present 3.5%. There is uncertainty over this regulation, however, because there is the possibility that the implementation date could be dropped back from 2020 to 2025, and because it allows for the use of on-board exhaust gas scrubbers with high sulphur fuel as an alternative compliance mechanism. The uncertainty of the timing is a deterrent to both shippers and refiners to invest in facilities, either to scrub fuel or to convert high sulphur supplies to low sulphur. Also, as of today, on-board scrubbers remain at the testing stage and there are doubts over whether, and when, they will prove successful and be adopted en masse.
With scrubber penetration in 2020 now considered by many observers as likely to be low, the volume of high sulphur and mainly heavy marine fuel that would need to be converted to 0.5% sulphur marine distillate or other formulations could lie in the range of 2 mb/d to more than 3 mb/d. This requirement would be on top of the incremental volume and quality demands relating to diesel/gasoil, jet fuel/kerosene and other fuels.
The IMO intends to issue a recommendation on timing of implementation – whether 2020 or 2025 – by late 2016. However, if the date remains at 2020, this will leave only limited time for refiners to make what could ultimately be substantial investments and/or for scrubbers to be retro-fitted to thousands of ships. A risk is emerging that the implementation of the rule could lead to a period of strained refining markets with substantial price premiums versus crude oil for low sulphur distillate and residual fuels and severe discounts for high sulphur fuels. The impacts would not be limited to marine fuels, but would spread across all sectors and world regions. Complex refineries, especially those oriented to distillates, would potentially benefit but simpler refineries, especially those processing higher sulphur crude oils, would be adversely impacted, with possible implications for closures.
Long-term capacity requirements are ‘frontloaded’; the pace of needed refinery capacity additions inexorably slows Although the pace of refinery projects has slowed in the aftermath of the recent crude oil price drop, the 8.3 mb/d of projected total additions by 2020 (which comprise 7.1 mb/d of firm assessed projects plus model-based ‘creep’ and limited additions beyond projects) still represent over 40% of the 20 mb/d cumulative total additions projected as needed by 2040. They are also 35% higher than the total demand growth in the period from 2014–2020, an excess that increases once NGLs and other non-crude supply additions are taken into account. Moreover, rational capacity additions post-2020 are expected to be no more than half the 1.4 mb/d p.a. expected between now and 2020, and less than one-third in the last five years of the forecast period.
Source: OPEC | Hellenic Shipping News
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Friday, 06 May 16
U.S. WEEKLY COAL PRODUCTION UP 9 PERCENT W/W; DOWN 35.3 PERCENT Y/Y - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million short to ...
Thursday, 05 May 16
DRY BULK MARKET ON REVERSE MODE, AS HOLIDAYS AROUND THE WORLD HURT DEMAND - HELLENIC SHIPPING NEWS
The dry bulk market’s recent rally has been put on a temporary hold, as various holidays around the world have put a stop in it. In its lates ...
Wednesday, 04 May 16
COAL IMPORTS: A VOLATILE MATTER OR STILL POWERING DOWN? - CLARKSONS
Chinese coal imports decreased significantly in 2014-15, and so far in 2016 the pace of decline appears to have slowed, with imports even recording ...
Wednesday, 04 May 16
IS THE DRY BULK MARKET OUT OF THE WOODS YET, OR NOT? - HELLENIC SHIPPING NEWS
Things are beginning to brighten up in the beleaguered dry bulk market, which is riding on a multi-week rally to find itself around the “psyc ...
Wednesday, 04 May 16
POWER - WEEK: REAL EXAMPLES AND CASE STUDIES
POWER WEEK
7 - 11 November 2016, PARKROYAL on Beach Road Hotel, Singapore
www.power-week.com
Overview
Designed for the global e ...
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- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- PTC India Limited - India
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- The University of Queensland
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
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