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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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Friday, 01 May 20
GLOBAL COAL DEMAND TO FALL BY 8% IN Q1 2020 RELATIVE TO Q1 2019 - IEA
We expect global coal demand to fall by 8% in Q1 2020 relative to Q1 2019. This significant drop was driven by lower demand in the electricity sect ...
Friday, 01 May 20
LUKOIL SHARES LUBRICANT EXPERIENCE AFTER FIRST 100 DAYS OF OPERATION ON VLSFO
KNOWLEDGE TO ELEVATE
After 100 days of VLSFO operation, LUKOIL Marine Lubricants is sharing recent experience on VLSFO operation with NAVIGO M ...
Wednesday, 29 April 20
OIL CLOSES IN ON PEAK OVERSUPPLY - WOOD MACKENZIE
Are we now deep in the abyss? Up to our necks in it, if the oil price is any guide. Brent has now tested sub-US$20/bbl in this downturn and WTI sub ...
Monday, 27 April 20
INCIDENT INVESTIGATION: SEARCH FOR THE CAUSE, NOT THE VILLAIN - GARD
Incident investigations often conclude with placing the blame for an incident on the crew. Causes of the incidents are usually identified as proced ...
Monday, 27 April 20
A 58,000DWT VESSEL WAS FIXED DELIVERY SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY WC INDIA, AT $4,500 - BALTIC BRIEFING
Capesize
The tide turned this week for the Capesize market, as voyage rates registered dramatically falling fuel costs. This was led primarily ...
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- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Economic Council, Georgia
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Parliament of New Zealand
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
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