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Tuesday, 29 September 20
INDONESIAN COAL COMPANIES' EARNINGS TO WEAKEN IN 2H20 - FITCH RATINGS
 Rated Indonesian coal miners and contractors will have weaker operating and financial performances in the second half of 2020 than in the first, says Fitch Ratings in a new report. Average selling prices and volumes for most of the companies will decline in 2H20 as we expect prices to remain subdued and demand to deteriorate for rest of the year.
Fitch revised down its Australia Newcastle 6,000kcal/kg assumptions in August 2020, followed by our Indonesian 4,200kcal (ICI4) estimates. Fitch is in the process of revising its rating case forecasts to incorporate our revised coal prices. Lower profitability will likely weaken 2020 credit metrics of most of the companies beyond our negative rating action triggers, although capex and cost flexibilities can help some issuers to manage their liquidity positions and credit profiles.
Most of the rated Indonesian coal miners and contractors saw 1H EBITDA supported by good performance in 1Q while 2Q results were muted due to lower coal prices and a marginal decline in sales volume. Coal prices and volumes in 1H20 were largely in line with our estimates. Coal shipments started slowing towards end-May, limiting the impact on volume during 2Q.
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Wednesday, 30 September 20
MARKET INSIGHT - INTERMODAL
Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the p ...
Tuesday, 29 September 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.73 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.91 points Monday, up 0.73 percent week on week.
The index, released by China ...
Tuesday, 29 September 20
SHIPPING MARKET - ALLIED
Here we are, just a short breath before the final quarter of the year, and many are now debating to what extent we can really expect a firm dry bul ...
Tuesday, 29 September 20
RUSSIA'S COAL PRODUCTION TO DROP BY 10.5% IN 2020, SAYS MINISTRY - TASS
Russia’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln ...
Monday, 28 September 20
NEW LNG PROJECTS - ALL DRESSED UP AND NO PLACE TO GO - WOOD MACKENZIE
It was meant to be another boom year. After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, at least as much capacity was lined up fo ...
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- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Planning Commission, India
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- The University of Queensland
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- PTC India Limited - India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
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