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Wednesday, 14 May 14
COAL PRICES IN CHINA HAVE DROPPED TO THEIR LOWEST LEVELS SINCE END-2008
COALspot.com: Coal prices in China have dropped to their lowest levels since end-2008, Fitch says in its latest rating report on one of the coal mining company in China. Fitch expects coal prices to stabilise as customers start re-stocking and more of the smaller miners in China close, market conditions are not likely to improve meaningfully in the next 12 to 24 months.
Fitch also believes cost control is the only lever coal producers in China still have to weather the weak market conditions over the next two to three years, in the absence of any strong policy support to curb cheaper coal imports.
Fitch also expects China's new price-based resource tax on coal mining - instead of a volume-based tax previously - to exert further pressure on Chinese domestic coal producers.
According to Fitch, the new tax, which is likely to be adopted in the near term, will probably, be around 5% of the selling price. That means the tax burden for coal miners could be roughly five times that under the current volume-based tax, although in practice the impact would be tempered by netting off other taxes against the higher resource tax.
"we expect this could accelerate market consolidation by squeezing out smaller, weaker players, which would benefit larger miners in China in the longer term", Fitch concluded.
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Sunday, 13 April 14
INDONESIA TO INDIA FREIGHT MARKET DECLINE CONTINUES
COALspot.com: The freight market continued to drop this week and BDI almost touched 1000 points. BDI closed at 1002 points fell 16.85 pct week o ...
Saturday, 12 April 14
HOW DO YOU CALCULATE LOSS OF EARNINGS FOLLOWING A COLLISION? - INCE & CO
KNOWLEDGE TO ELEVATE
The recent case of Astipalaia vs Hanjin Shenzhen [2014] EWHC 120 (Admlty) has revisited the existing case law on asses ...
Friday, 11 April 14
US COAL PRODUCTION IN MARCH INCREASED 9.69% TO 82.6 MMST MONTH ON MONTH
COALspot.com – United States the world's second largest coal producer, produced approximately 19.10 million short tons (mmst) of coal ...
Thursday, 10 April 14
DRY BULK MARKET IS RISING CLAIMS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the recent fall of the Baltic Dry Index (BDI), when one compares the first quarter of 2014, to similar quarters of the recent past, it i ...
Wednesday, 09 April 14
DRY BULK MARKET STRUGGLED THROUGHOUT THE WEEK - INTERMODAL
The Dry Bulk market struggled throughout the week but the poor performance across the board didn't allow for any positive reversal, pushing ...
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- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Parliament of New Zealand
- India Bulls Power Limited - India
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
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