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Monday, 22 October 18
CONTINUED HIGH LNG PRICES; TRADE WAR IMPACT LIMITED - FITCH RATINGS
 Fitch Ratings expects sustained high spot liquefied natural gas (LNG) and contract prices over the next two quarters on limited investment in LNG export projects over the previous two years due to market expectations of oversupply, higher demand during Asia's summer and winter periods and rising oil prices, with LNG contracts typically linked to oil price benchmarks with a three- to six-month lagged effect.
LNG demand should also be supported across the Asia-Pacific region by rising energy usage and a government-supported switch to natural gas from coal to curb air pollution. Most of the region's demand growth has come from China, which is now the second-largest global LNG importer, behind Japan. Chinese government policy encouraging a switch to gas for winter heating led demand to rise by 46.4% in 2017, with further growth in 2018. This should support further investment in LNG over the next two years, with the market potentially entering a deficit in 2022-2025.
The ongoing trade war between China and the US, with China placing an initial 10% tariff on US LNG, may delay further investment in US projects and limit US export volume to China. However, China only accounted for 15% of US LNG exports over 2017 and Fitch expects US cargos to be redirected to other markets should exports become uncompetitive. We believe the ongoing impact will be limited, as Chinese importers had already cut purchases of US natural gas in the previous few months. PetroChina Company Limited (A+/Stable) had also signed a long-term LNG contract with Qatargas in September 2018, which should mitigate the loss of US imports.
Trade tensions may slow further investment in US LNG facilities, but globally, several major LNG projects have either been greenlit or moved towards final investment decision (FID). We do not expect new projects to deliver their first cargos until around 2022, as LNG projects typically take around four to five years from FID to first cargo delivery.
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Monday, 29 October 18
IMPLEMENTATION OF SULPHUR 2020 LIMIT - CARRIAGE BAN ADOPTED - IMO
An amendment to support consistent implementation of the forthcoming 0.50% limit on sulphur in ships fuel oil was adopted by the International Mari ...
Monday, 29 October 18
SUPRAMAX: THE ASIAN AREA SAW FALLING RATES, WITH A 61,000DWT FIXING DELIVERY KOHSICHANG TRIP VIA INDONESIA, REDELIVERY INDIA, AT $10,500 - BALTIC BRIEFING
Capesize
A market of two halves for most of the week with rates in the Atlantic firming and easing in the East for most of the week, but then, ...
Friday, 26 October 18
SHIP OPERATING COSTS EXPECTED TO RISE IN 2018 AND 2019 - MOORE STEPHENS
Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.
...
Friday, 26 October 18
SEVERAL CONTRACTIONS IN GLOBAL STEEL PRODUCTION - JEFFREY LANDSBERG
World Steel Association data released today shows that global crude steel production totaled approximately 151.7 million tons in September. T ...
Thursday, 25 October 18
WHAT DOES THE "IMO 2020" REGULATION REALLY SAY? A QUICK GUIDE - BIMCO
KNOWLEDGE TO ELEVATE
The shipping industry has all eyes firmly fixed on the topic, but what exactly do the “IMO 2020” global sulph ...
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- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
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