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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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Saturday, 30 November 19
PANAMAX: LEVELS IMPROVED IN THE PACIFIC MARKET TOO WITH $11,000 BEING CONCLUDED ON AN 81,000DWT SHIP FOR AN INDONESIA TO CHINA COAL TRIP - BALTIC BRIEFING
Capesize
The market has been well supported over the past week, led primarily by the Atlantic Basin. After bottoming last week, sentiment was s ...
Friday, 29 November 19
FITCHRATINGS MAINTAINS NEGATIVE 2020 OUTLOOK ON SHIPPING, AS TIGHTER SUPPLY HELPS, BUT SOFTER DEMAND DRAGS
Fitch’s Sector Outlook: Negative
We maintain a negative sector outlook for global shipping because of the forecast slowdown of ...
Friday, 29 November 19
INDONESIA PRODUCES 390 MLN TONNES OF COAL IN JAN-SEPT: MINISTER - REUTERS
Indonesia’s production of coal for the January-September period was 390 million tonnes, Energy and Mineral Resources Minister Arifin Tasrif s ...
Wednesday, 27 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
As the end of the fourth quarter is approaching, one could say that the wet market has maintained the strong pace observed during the third qu ...
Tuesday, 26 November 19
PREPARATIONS INTENSIFY AS 1 JANUARY 2020 GLOBAL CUT IN SULPHUR IN SHIP'S FUEL OIL LOOMS: IMO
“IMO 2020” requirements for ships to cut sulphur oxide emissions enter into effect in just over one month’s time. This will signi ...
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- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
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