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Friday, 20 March 20
84% OF FEBRUARY BUNKER SALES IN SINGAPORE ARE LOW-SULPHUR FUELS - BIMCO
 Low-sulphur fuels accounted for 84% of total February sales in Singapore, slightly up from 83% in January. The sale of low-sulphur fuel oil (LSFO) made up the largest component at 71.5%, with Marine Gas Oil (MGO) accounting for 12.5%.
Total bunker sales in February fell 16% to 3.9 million tonnes compared with January, reflecting lower demand for shipping as the coronavirus paralysed intra-Asian supply chains.
Now that both the sulphur cap and the non-compliant fuel oil carriage ban have come into force, the only ships still bunkering high-sulphur fuels are those with scrubbers installed. Just under 30% of the VLCC fleet currently has a scrubber fitted, compared to around 14% of the Aframax fleet, as the larger ship sizes have seen the greatest number of scrubber installations. Overall, 14.2% of the fleet, when measured in DWT, has a scrubber installed (source: Clarksons).
Advantage for scrubber fitted ships narrows
The collapse of the OPEC+ alliance means Saudi Arabia is preparing to flood the market with cheap crude oil. This has resulted in tumbling oil prices and consequently, lower bunker fuel costs.
On 17 March 2020, a metric ton of VLSFO cost USD 293, a 59% drop from USD 710 per metric ton on 1 January 2020, causing the VLSFO- HSFO spread to fall to USD 93 per metric ton. That represents the first time that the spread has fallen below USD 100, lowering the advantage that scrubber fitted ships have previously enjoyed. Similarly, the MGO-HFSO spread has fallen to its lowest level this year at just USD 112 per metric ton.
Source: BIMCO
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Thursday, 21 May 20
KOMIPO INVITED BIDS FOR TOTAL 610000 MT OF LCV AND HCV COAL FOR 2H 2020
COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) has Issued an International Tender for 130,000 mt of 5700 NCV coal an ...
Wednesday, 20 May 20
ADARO ENERGY BOOKED A 5% INCREASE IN COAL PRODUCTION VOLUME Y-O-Y IN 1Q2020
PT. Adaro Energy Tbk, Indonesia’s one of the largest coal miner, booked a 5% increase in coal production volume year-over-year in 1Q2020. The ...
Wednesday, 20 May 20
BRAZIL SOYBEAN EXPORTS HAVE BEEN SURGING THIS YEAR - BANCHERO COSTA
Brazil soybean exports have been surging this year, thanks to a combination of strong demand from China, a bumper crop, and favourable exchange rat ...
Wednesday, 20 May 20
MARKET INSIGHT
Seafarers keep maritime trade going so that the food, raw materials, energy and manufactured goods on which so many depend can continue moving arou ...
Tuesday, 19 May 20
AMENDMENT OF THE INDONESIAN MINING LAW: TYING UP LOOSE ENDS - UMBRA
KNOWLEDGE TO ELEVATE
The finalized draft of Law on the amendment of the Mining Law (Bill) was publicly released on 11 May 2020 and was then ap ...
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- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- White Energy Company Limited
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Minerals Council of Australia
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
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