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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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Saturday, 15 June 19
SUPRAMAX: A 58,000-TONNER, OPEN QINGDAO, WAS BOOKED TO REDELIVER IN EAST COAST INDIA AT $6,500 - BALTIC BRIEFING
Capesize
The market closed on a quiet Friday last week after a few hectic days of mid-week trading. Trade routes from Brazil to the Far East we ...
Friday, 14 June 19
PANAMAX: OUTLOOK IS MIXED - FERNLEYS
Capesize
Sentiment changed to a more nervous tone as pacific cargo volumes failed to deliver as expected, however latest activity indicates res ...
Friday, 14 June 19
ELECTRONIC (PAPERLESS) TRADING - SKULD
KNOWLEDGE TO ELEVATE
Electronic Shipping Solutions: Bolero International Ltd, E-Title Authority Pte Ltd, Global Share S.A. (edoxOnline platfor ...
Wednesday, 12 June 19
KOSPO INVITES BIDS FOR 140,000 MT OF 4,600 NCV COAL FOR SEP. 2019 LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 140,000 MT of minimum 4,600 kcal/kg NCV coal ...
Wednesday, 12 June 19
IMO 2020 - COUNTDOWN TO 1 JANUARY 2020 -HOW WILL THE CHANGES AFFECT REFINING AND SHIPPING? - WOOD MACKENZIE
We know that the IMO’s regulations represent the biggest step change the shipping industry has ever seen and the implications will be felt th ...
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- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- MS Steel International - UAE
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
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