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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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- Economic Council, Georgia
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
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