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Tuesday, 11 December 18
SHIPPING MARKET ANALYSIS - ALLIED
 A lot of discussions have been made as to the effects of the IMO 2020 regulation on OPEX levels, investment feasibility of scrubbers and the benefits of alternative fuel usage. Aside from all of these, there is another reading to this new regulation. New oil products (ultra-low sulphur fuel oil) as well as the much larger quantities of MGO that will be needed from the shipping industry will reshape trade patterns around the globe. The first effect could well be depicted in crude oil trade due to shifts in refinery utilization, said Yiannis Vamvakas, Research Analyst of Allied Shipping in Allied latest weekly research report.
Specifically, demand for light sweet crude oil will move upward as it will be required from the non-upgraded refineries, while it is possible to see a negative trend in the demand for heavy sour grades. The second part is the need for redistribution of the low-sulphur fuels, in order to properly cover the global bunkering markets.
Yiannis Vamvakas further noted that, a side-effect to this could well be the requirement for floating storage for both clean (building of inventories), as well as dirty products (storage of the excess heavy fuel oil produced). Demand for HSFO is projected to recover in the long-term, as scrubber-equipped ships will continue using it. However, given that the IMO expects around 3,800 vessels to be fitted with scrubbers by 2020, it looks as though these vessels will remain a relatively small percentage of the global fleet. Many refineries have proceeded with their investment plans, adding capacity in order to produce more middle distillates, with the International Energy Agency (IEA) forecasting that an additional 7 million barrels per day will come into production by 2023.
However, Yiannis Vamvakas says, there are also several refineries that have not yet fully prepared for the IMO 2020 regulation, possible creating a shortfall of the required fuels in certain regions. All in all, the most modernized refineries with extensive vacuum resid processing capacity will benefit most from the new regulation, as they will be able to produce larger quantities of required fuels, gaining market share in the marine sector. Based on these facts, demand will increase in regions were the more modern refineries reside, modifying current trade routes. According to a Reuters survey, around 66% of 33 questioned refineries will continue produce HSFO in 2020, but 70% of these stated that they will reduce their output. A decline has already been reported in fuel oil inventories, depicting the fact that refineries have started to cut output in anticipation of the regulation. However, it’s worth mentioning that if output cuts prove to be bigger than the consumption fall, prices will see a significant upsurge. With regards to different geographical locations, most of the US refineries have been upgraded by the US shale boom, giving them a head start, but they are still dependent on heavy fuel imports, which is used for blending purposes. This means that further investments will be required for adding de-sulphurisation capacity.
In Europe, the report says, the coastal refineries are better prepared compared to their mainland peers, as their main oil source is crude from North and West Africa, regions with less sour oil. In Middle East and China, most of the refineries do not have the capacity of de-sulphurisation needed to produce the new low-sulphur fuels, making new investments necessary. In almost all cases a significant change is to take place in the shipping industry.
This change can be seen as a threat, an opportunity or as a combination of these two. The modification of crude oil/oil products trade flows should benefit owners and refineries that are flexible and adaptable enough for the new regulations, while it may be a significant threat for market participants that will choose to fall behind their competition Yiannis Vamvakas concluded in his latest report.
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Monday, 12 November 18
COAL BUSINESS REMAINS PROSPECTIVE - ANTARA
Coal business happened to be sluggish in the 2012-2015 period because coal prices in the world market fell sharply, but it has begun to crawl up si ...
Monday, 12 November 18
INDONESIA'S HBA ENDS DECLINE IN NOVEMBER
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 07 November 18
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
This has been another active week in the second-hand market for both the dry bulk and tanker sectors. Buying interest has recently increased, which ...
Monday, 05 November 18
TIGHTER FUEL RULES COULD RAISE SHIPOWNERS' COSTS AND CAPEX - FITCH RATINGS
More stringent fuel regulations regarding sulphur content could significantly increase global shipping companies’ operating costs and capex n ...
Friday, 02 November 18
COAL FETCHES 102% PREMIUM IN E-AUCTION, SURPASSING THE EARLIER HIGHEST OF 95% - FINANCIAL EXPRESS
Coal prices have received a premium of 102% in spot e-auction during September 2018, surpassing the earlier highest of 95% premium during the spot ...
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Showing 1566 to 1570 news of total 6871 |
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- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- The University of Queensland
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
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