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Monday, 16 December 19
THE OUTLOOK FOR U.S. THERMAL COAL IS INCREASINGLY STRESSED - MOODY'S
 - Slowing global economic growth, trade tensions will continue to exert influence
- Coal's secular decline will persist in 2020
Moody's Investors Service maintains negative 2020 outlooks for the US coal and US steel industries and a stable outlook for the global base metals sector, amid slowing economic growth and trade frictions, the rating agency says in its annual report.
The stable outlook for global base metals is driven by supply/demand fundamentals despite weaker GDP rates and lower Purchasing Managers Indexes (PMIs). However, a challenging macro operating environment warrants some caution for the sector.
"Geopolitical and economic concerns as well as trade tensions will once again overshadow the global base metals markets in 2020, continuing the pressures experienced as 2019 as deceleration in global economies took hold," says Carol Cowan, Moody's Senior Vice President. "ESG considerations will also continue to increase in visibility, demanding more transparency and improvement from the industry."
Moody's negative outlook for the US steel industry reflects its expectation that weaker fundamentals will hold in 2020, prices will not rebound significantly and planned new capacity will weigh on market sentiment.
"It's a tale of 2 steels – EAF producers will continue to benefit from lower scrap costs, helping mitigate lower realized steel prices, while blast furnace producers will continue to face higher iron ore costs and likely-increasing costs related to environmental compliance," says Cowan.
Meanwhile, Moody's expects US coal producers' cumulative EBITDA to decline by more than 3% over the next 12 months, due to a substantive decrease in export prices in 2019 among other factors.
"The outlook for thermal coal is increasingly stressed, with ESG factors weighing heavily on demand from utilities," says Benjamin Nelson, Moody's VP-Senior Credit Officer. "Our long-term outlook for North American thermal coal calls for a substantial volume reduction over the next decade, driven by utilities switching to natural gas, where we expect prices will remain low, and renewable energy, which still benefit from government subsidies."
Moody's outlooks for 2020 consider fundamental credit conditions that will affect sectors for the next 12-18 months.
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Monday, 08 April 19
SULPHUR 2020 - COUNTDOWN TO THE SWITCHOVER - LLOYD'S REGISTER
Sulphur 2020 (MARPOL Annex VI Reg. 14.1.3) is still dominating headlines and as we draw closer to the 1 January 2020 deadline it’s clear that ...
Monday, 08 April 19
INDONESIAN COAL PRICE REFERENCE PRICE PLUMMETS TO LOW NOT SEEN SINCE AUGUST 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Sunday, 07 April 19
SHIP PASSAGE PLANS - NO ROOM FOR ERROR! - WATSON FARLEY & WILLIAMS
KNOWLEDGE TO ELEVATE
The English High Court’s judgment in Alize 1954 v Allianz Elementar Versicherungs AG (The CMA CGM Libra) is an impo ...
Sunday, 07 April 19
IMO 2020: READY OR NOT? - WOOD MACKENZIE
New Year’s Day 2020 is firmly marked in the calendar as the refining and shipping industries prepare for change.
The International Marit ...
Saturday, 06 April 19
AUSTRALIA COAL POSTS BIGGEST WEEKLY DROP IN A DECADE AMID WEAK DEMAND - REUTERS
Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of a decade ago as demand plunged ...
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- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- MS Steel International - UAE
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- White Energy Company Limited
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
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