We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 23 December 19
VLSFO PRICING & AVAILABILITY NEEDS CAREFUL WATCHING - INTEGR8 FUELS
 As we approach January 1st 2020 , the VLSFO price premium to HSFO has widened considerably
We are clearly well into the IMO 2020 transition; changes in bunker infrastructure, availabilities and pricing are all having a major impact, posing challenges to bunker buyers and these are not going to go away quickly.
The process of switching infrastructure (storage and barges) from HSFO to VLSFO has been noticeably underway since September. We have seen a significant strengthening and then weakening in HSFO prices (see Integr8 briefing note 22nd November 2019) and now we are at the next stage, where buyers have/are switching rapidly towards VLSFO. The impacts of this change-over are again easily seen, in terms of terminal congestion, barge delays, availabilities and of course price.
Since October the quoted price of HSFO has fallen sharply, whereas the price of VLSFO in Rotterdam has been around $480-500/ton. VLSFO prices in Gibraltar, Fujairah and Singapore rising fast and well above the $540-560/ton range we saw in October/November. This means quoted VLSFO prices are now around $230-240/ton above HSFO.
VLSFO prices can vary by as much as $80 per tonne in the same region
The moves in VLSFO pricing reflect owners shifting towards these new compliant fuels and that there are constraints on infrastructure and availabilities in the VLSFO supply chain. The extent of this is not only seen in VLSFO price differences between main bunkering regions, but also VLSFO pricing within a given region. The graph below illustrates the significant variation in VLSFO pricing within the Mediterranean, with for instance quoted prices at Piraeus sometimes anywhere between $20-80/ton below Gibraltar prices and prices in Malta still plus or minus $20/ton compared with Gibraltar quotes. These positions mean as a buyer, being adaptable and looking at possible alternate bunkering locations could be very attractive.
In some instances MGO prices are only a small premium to VLSFO
Finally, these squeezes in VLSFO have already led to instances where there is an extremely small price differential between VLSFO and MGO (or even some instances where MGO has been priced below VLSFO). Currently, there is less than $10/ton differential between quoted prices for MGO and VLSFO in Singapore, down from around a $75/ton differential a couple of months ago. This is another strong case for buyers being adaptable in that bunkering MGO could be the ‘best option’.
These developments in the Med and Singapore markets are only illustrations of what can happen in other global regions and reflects the squeezes on the VLSFO system at certain times and in certain areas. There is no ‘quick fix’ here and issues will continue to arise well beyond the January 1st IMO 2020 start date, as shipowners start burning VLSFO and will have to build and replenish VLSFO stocks on board.
We are providing buyers with access to this information and analysis on any tightness in availabilities, any constraints on terminal and barging operations and ultimately the knowledge on pricing, all of which will assist decisions in this complex and consistently changing market.
Source: Integr8 Fuels
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 18 January 20
BIMCO: LOW-SULPHUR FUEL SALE JUMPS TO A 70% SHARE IN SINGAPORE, AS THE IMO 2020 SULPHUR CAP KICKS IN
The final quarter of 2019 marked a massive decline of HSFO sales, as the industry transitioned into compliance of the IMO 2020 Sulphur Cap (IMO2020 ...
Saturday, 18 January 20
GERMAN STEAM COAL IMPORTS IN 2019 PLUMMETED BY 17 % - COAL IMPORTERS ASSOCIATION
Press Release: According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), world trade in h ...
Saturday, 18 January 20
A 61,400 DWT FIXED FROM SOUTH EAST ASIA DELIVERY EAST KALIMANTAN REDELIVERY WEST COAST INDIA IN THE LOW $7,000S - BALTIC BRIEFING
Capesize
The market was relatively stable over this past week putting an end to the past months of more extreme declines. While the Capesize 5T ...
Friday, 17 January 20
EIA ESTIMATES THAT U.S. COAL PRODUCTION DECLINED BY 65 MMST (9%) TO 690 MMST IN 2019. IN 2020, COAL PRODUCTION WILL DECLINE BY A FURTHER 14% TO 597 MMST
U.S. Coal Supply.
EIA estimates that U.S. coal production declined by 65 million short tons (MMst) (9%) to 690 MMst in 2019. In 2020, EIA ...
Friday, 17 January 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index, a gauge of coal p ...
|
|
|
Showing 1186 to 1190 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Planning Commission, India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Coal and Oil Company - UAE
|
| |
| |
|
