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Friday, 18 October 19
SINGAPORE'S APEX TO LAUNCH LOW-SULFUR FUEL OIL CONTRACT AHEAD OF NEW SHIPPING RULES - REUTERS
 Singapore-based Asia Pacific Exchange (APEX) will launch a low-sulfur fuel oil (LSFO) futures contract on Friday aimed at helping shipping and energy firms manage price fluctuations as stricter global marine fuel rules kick in from 2020, it said.
New International Maritime Organization (IMO) regulations cutting the allowed sulfur content in shipping fuel to 0.5% from 3.5% in a bid to combat air pollution will apply from Jan. 1 next year.
The new contract aims to help the energy and shipping sectors to hedge risk in the relatively new market for 0.5% LSFO delivered marine fuels, or bunkers, the spokesman said.
“Risk management demand for delivered bunker LSFO prices has become more significant due to factors such as the uncertainty in LSFO specifications, and the disconnection between cargo and delivered prices,” said the spokesman.
The cash-settled, U.S. dollar-denominated LSFO futures contract will be for 10 tonnes of fuel oil, and will use the Argus Bunker Index (ABI) Singapore LSFO 0.5% as the settlement price, according to APEX and Argus company websites.
The Argus LSFO 0.5% index represents the price of bunker fuel delivered within 4-12 days of the trade date, for volumes between 500-3,000 tonnes, with viscosity of less than 380-centistoke (cst) and sulfur content below 0.5%.
The LSFO futures contract is APEX’s second fuel oil contract and follows the 380-cst high-sulfur fuel oil (HSFO) contracts it launched in April.
“Since the launch of the HSFO contract, we have been closely monitoring the demand and pain points of the market, and will continuously design new products and improve our services based on market’s feedback,” the spokesman said.
The new contract is expected to help users cope with the change in marine fuel regulation, he added.
Since its launch the APEX 380-cst HSFO contract has seen average daily trading volume of some 23,000 lots, representing 230,000 tonnes of fuel oil, and an average daily open interest of around 3,600 lots, or 36,000 tonnes, the spokesman said.
Source: Reuters
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Sunday, 09 February 20
SUPRAMAX: THE ASIAN ARENA STRUGGLED, A 50,000DWT SHIP FIXING A COAL RUN FROM EAST KALIMANTAN TO INDIA AT $2,000 - THE BALTIC BRIEFING
Capesize
The Capesize market endured another dreadful week of calamitous rate level falls, as the usual season low Q1 period combined with rece ...
Friday, 07 February 20
CIL LOOKING TO TAP NON-POWER SECTORS FOR INCREMENTAL COAL, PTI REPORTED
The miner is looking to ramp up production to meet its targets for the current fiscal at a time when the economic slowdown is impacting demand for ...
Friday, 07 February 20
VIRUS - HIT CHINA MAY NEED MORE IMPORTS OF COAL. NOW COMES THE TRICKY PART - SHIPPING IT THERE: REUTERS
China’s domestic coal mines are struggling to ramp up production in the face of the ongoing coronavirus epidemic. That’s a situation th ...
Friday, 07 February 20
CORONAVIRUS IMPACTING THE GLOBAL SHIPPING INDUSTRY - BIMCO
The outbreak of the novel Coronavirus has dented market sentiment and spooked markets around the globe. When China sneezes, we all catch the flu. T ...
Thursday, 06 February 20
CAPE: WEAK SUPPLY/DEMAND RATIO THE STREETS REMAIN BLOODY FOR THE BIG SHIPS - FEARNLEYS
Cape: With still a weak supply/demand ratio the streets remain bloody for the big ships, and actual spot earnings are close to zero on main short-h ...
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- Semirara Mining Corp, Philippines
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- Minerals Council of Australia
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- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
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- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Anglo American - United Kingdom
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- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
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- Sindya Power Generating Company Private Ltd
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- Parliament of New Zealand
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- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
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- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
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- Cement Manufacturers Association - India
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- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
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- Kapuas Tunggal Persada - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
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- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
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- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
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- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
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- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
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- Thai Mozambique Logistica
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- Planning Commission, India
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
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- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- The University of Queensland
- Central Electricity Authority - India
- London Commodity Brokers - England
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Economic Council, Georgia
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- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
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- Australian Coal Association
- Aboitiz Power Corporation - Philippines
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- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Wilmar Investment Holdings
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- Mintek Dendrill Indonesia
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- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
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- McConnell Dowell - Australia
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
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- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
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- Power Finance Corporation Ltd., India
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- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
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- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
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- Ministry of Transport, Egypt
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