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Thursday, 18 February 16
CHINA COAL SECTOR - 2015 RESULTS BLEAK, 2016 UNLIKELY TO BE ANY BETTER - FITCH
 COALspot.com: China Coal Sector’s Financial Woes to Worsen in 2016.
Fitch Ratings says that the 2015 full-year result previews issued by the listed Chinese coal mining companies reflect the extent of challenges the sector is facing. Oversupply and weak coal prices are the main factors. Fitch expects the over-supply conditions to prevail for some time, and financial woes to deepen in 2016.
According to Fitch, twenty eight out of the 33 coal companies listed on China's Shanghai and Shenzhen Stock Exchanges have just released their 2015 full-year financial result previews, and 20 reported a net loss after excluding any one-off gains.
China Shenhua Energy (A+/Stable) ranks first by profits by a large margin; its net income is more than that of all the other listed coal companies' put together. Its scale and vertical integration into power generation and railways underpin this more positive result, as reflected in its strong 'A' category standalone credit profile, Fitch Ratings said.
Fitch views 2016 as an even more challenging year for the coal sector. China's central government has endeavoured to address the oversupply by encouraging the phase-out of high-cost and old mines, although implementation at the various government levels entails various other issues. Price recovery is highly unlikely in 2016 as consolidation of the excessive mining capacity will take longer - and require more effort - than the central government expected, together with a weaker demand outlook.
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Sunday, 13 December 15
THE LOW VESSEL DEMANDS PUSHED DOWN BALTIC DRY INDEX FURTHER DOWN
COALspot.com: The low vessel demand across nearly all vessel sizes pushed the Baltic Exchange’s main sea freight index further down in this F ...
Sunday, 13 December 15
DRY BULK RATES KEEP ON FALLING AS LOW VESSEL DEMAND IS STILL THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market nowadays is in an endless downward spiral, which as it turns out is unable to recover, at least as long as the current balance ...
Friday, 11 December 15
US COAL PRODUCTION UP 7.7% IN WEEK ENDED DECEMBER 5, 2015
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.1 million shor ...
Thursday, 10 December 15
LIENING CARGO - WHICH LIEN CLAUSE APPLIES TO THE BILL OF LADING? : WIKBORG REIN | HELLENIC SHIPPING NEWS
KNOWLEDGE TO ELEVATE
In a dry bulk market where a charterer is not paying freight or hire, its counterparty is often left to consider whether ...
Thursday, 10 December 15
CANADIAN MINER TECK ANNOUNCES LNG HAUL TRUCK PILOT PROJECT
Teck Resources Limited is piloting the use of liquefied natural gas (LNG) as a fuel source in six haul trucks at its Fording River steelmakin ...
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- Bharathi Cement Corporation - India
- MS Steel International - UAE
- White Energy Company Limited
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- PTC India Limited - India
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
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