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Sunday, 01 November 20
GRADUAL RECOVERY FOR INDONESIAN COAL FROM 4Q20; RISKS REMAIN - FITCH RATINGS
 Fitch Ratings expects the credit metrics of Indonesian coal miners and coal contractors to improve from 4Q20 with the recovery in volumes and prices. Fitch also expects the recovery to continue into 2021, as we do not envisage a second round of strict lockdowns.
Fitch has revised its full-year coal-price assumptions, and also assumes lower volumes of 84%-89% of 2019 levels in 2020, reflecting weaker seaborne coal demand, before recovering gradually in 2021. There are further downside risks to volumes beyond our estimates, from a sustained weakness in coal prices.
Fitch also said, credit metrics of most Indonesian miners and contractors are likely to decline in 2020 close to - or beyond - our negative rating action triggers, affected by lower profitability and weaker volumes before recovering in 2021. Recurring sporadic lockdowns are likely to delay revival in economic growth, and in turn hurt demand for coal in key import markets.
Fitch also said, we envisage the ratings on most of the Indonesian coal companies to be at risk if the current weak coal price and demand environment continues into 2021. PT Bukit Makmur Mandiri Utama (BUMA, BB-), PT ABM Investama Tbk (ABM, B+) and PT Indika Energy Tbk (Indika, BB-), which are currently on Negative Outlook, are the most prone to a rating downgrade.
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Wednesday, 15 July 20
MARKET INSIGHT - INTERMODAL
The Covid-19 virus spread around the world has obviously impacted the global oil demand while the situation remains fluid. The overall constraint ...
Tuesday, 14 July 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.75 PCT - XINHUA
China Taiyuan coal transaction price index stood at 126.01 points Monday, up 0.75 percent week on week.
The index, released by China ...
Tuesday, 14 July 20
TURKEY - A CASE OF UNDECLARED BUNKER - GARD
KNOWLEDGE TO ELEVATE
Undeclared/excess bunkers can be considered a criminal act by Turkish customs officials with the ship's crew being ac ...
Monday, 13 July 20
PANAMAX: A TUMULTUOUS WEEK IN THE PANAMAX MARKET ENSURED ALL MARKETS GAINED VALUE ON THE WEEK - BALTIC BRIEFING
Capesize
This week witnessed the dreaded correction in the Capesize market, with the time charter average shedding almost 18 per cent to close ...
Friday, 10 July 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Economic Council, Georgia
- Deloitte Consulting - India
- White Energy Company Limited
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- PTC India Limited - India
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
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