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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, 26 January 20
SUPRAMAX: THE ASIAN BASIN SAW A 56,000DWT SHIP FIXING DELIVERY SAMARINDA TRIP TO WEST COAST INDIA AT $4,750 - BALTIC BRIEFING
Capesize
The market endured heavy losses throughout the past week, with the Capesize 5TC dropping from $8,352 to $4,772. In the lead up to Chin ...
Sunday, 26 January 20
SHIPPING NEEDS TO PREPARE FOR CORONAVIRUS RESTRICTIONS WARNS HILL DICKINSON
The shipping industry needs to be prepared for potential restrictions in order to prevent the further spread of the ‘Wuhan’ coronavirus ...
Friday, 24 January 20
LOW-SULPHUR FUEL OIL PRICES DROP USD 99 PER MT IN SINGAPORE - BIMCO
Singapore has seen one of the largest drops in the price of Very Low Sulphur Fuel Oil (VLSFO), which peaked on 7 January 2020 at USD 740 per metric ...
Friday, 24 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINED FLAT DURING THE PAST WEEK - XINHUA
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China’s major ports, stood at 553 yuan (about 80.1 U.S. dollars) ...
Thursday, 23 January 20
PANAMAX: ANOTHER DISAPPOINTING WEEK IN BOTH THE ATLANTIC AND THE PACIFIC BASIN - FEARNLEYS
Cape Size
From bad to worse for the biggest ships as prices for low-sulphur fuel oil remain high whilst freight rates deteriorate further. Aver ...
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- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- The University of Queensland
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Australian Coal Association
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
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