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Thursday, 03 March 16
INDIA'S BUDGET NOT ENOUGH TO BOOST STEELMAKERS' PROFITABILITY - FITCH RATINGS
 COALspot.com: Fitch Ratings says that increase in proposed infrastructure spending in India's latest government budget is unlikely to provide a boost to domestic steel demand growth, unless project execution rates pick up significantly. Domestic steel producers also face overcapacity, which is likely to weigh on their profitability and credit metrics in the near term.
The budget plans to increase capex on infrastructure (roads, railways and shipping) in the financial year ending March 2017 (FY17) by 23% to INR2.3trn. For FY16, the government had budgeted for infrastructure investment to double from actual spending in FY15. However, except for a pick-up in road construction (up 36% yoy in 1HFY16), project implementation appears to have been weak so far in FY16.
Private-sector investment has also remained weak, given the stretched corporate balance sheets. As a result, steel demand growth in India has remained soft at 4.7% yoy in 9MFY16. We expect steel demand growth to improve slightly to 7%-8% in FY17, supported by a pick-up in government infrastructure spending with better project execution.
However, the steel industry is burdened by overcapacity. Domestic capacity is scheduled to jump by about 15 million tonnes over the 2HFY16-FY17 period, which will exceed a potential 6 million tonne increase in domestic steel demand in FY17. At the same time, global supply continues to outstrip demand. Given the supply-demand growth mismatch, producers are likely to engage in price competition amid weak utilisation levels. Therefore, a recovery in sales realisation and profitability for Indian steelmakers is unlikely before FY18.
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Wednesday, 03 February 16
DRY BULK MARKET CONTINUES TO BE UNDER PRESSURE - INTERMODAL
The Dry Bulk market continues to be under pressure, with the BDI remaining in search of even the slightest support, which seems to be delaying more ...
Tuesday, 02 February 16
RECORD EXPORTS THROUGH SOUTH AFRICA'S RICHARDS BAY COAL TERMINAL MADE AT EXPENSE OF SMALLER RIVALS, IHS SAYS
Five percent increase in coal exports through South Africa’s dominant Richards Bay Coal Terminal in 2015 unlikely to accelerate country&rsquo ...
Tuesday, 02 February 16
SETTING ASIDE, STRIKING OUT AND APPEALS TO THE COURT OF APPEAL IN SHIP ARRESTS - RAJAH & TANN ASIA LLP
KNOWLEDGE TO ELEVATE
The Singapore Court of Appeal once again has had to grapple with ship arrest, setting aside and appeals to the Court unde ...
Monday, 01 February 16
DRY BULK SUFFERS FROM POSEIDON'S POTENT PRONGS - CLARKSONS
It has been a grim start to 2016 for the bulkcarrier market, with the Baltic Dry Index sliding to new record lows on almost every day of the year s ...
Monday, 01 February 16
INDONESIA'S SECOND LARGEST COAL MINER ADARO ENERGY HAS PRODUCED 51.46 MT IN 2015; 8% LOWER COMPARED TO FY14
COALspot.com: Adaro Energy, the Indonesia’s second largest coal producer by volume has produced 51.46 Mt in 2015, 8% lower compared to ...
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- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Mercator Lines Limited - India
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- The University of Queensland
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
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