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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, 06 March 20
SOLID BACKING FOR LNG AS A MARINE FUEL - BALTIC EXCHANGE
When it comes to choosing the best fuel on the near horizon to help the international shipping industry shrink its carbon intensity by 2050, DNV GL ...
Friday, 06 March 20
INDONESIA COAL PRICE REFERENCE UP AGAIN THIS MONTH
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Thursday, 05 March 20
PANAMAX: SHIP-OWNERS HAVE MOSTLY BEEN GETTING HIGHER RATES THAN THE LAST DONE - FEARNLEYS
Cape
There is still limited amount of positive news around, with the effects of Corona virus hurting world economy. However, overall average in ...
Thursday, 05 March 20
COAL IMPORTS DOWN IN MAJOR ASIAN MARKETS, AND CORONAVIRUS NOT THE DRIVING FORCE - CLYDE RUSSELL
Asia’s seaborne coal markets stumbled in February and it appears the coronavirus outbreak in China may dodge most of the blame, with the weak ...
Thursday, 05 March 20
SEABORNE COAL'S STRUGGLES IN ASIA ARE MORE THAN JUST CHINA CORONAVIRUS - REUTERS
Asia’s seaborne coal markets stumbled in February and it appears the coronavirus outbreak in China may dodge most of the blame, with the weak ...
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- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- White Energy Company Limited
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Minerals Council of Australia
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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