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Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
 The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and sustained strength in crude palm oil (CPO) prices, Fitch Ratings says. Biodiesel is now much more expensive than regular diesel, and the subsidies drawn from an industry fund to promote biodiesel production and use have been increasing.
We estimate that the industry fund will be able to subsidise only around 8 million kilolitres (kl) of biodiesel, compared with the government's target of use of 9.6 million kl in 2020, in the absence of other measures. This suggests that Indonesia may miss its target for 2020. Also, the outlook for biodiesel demand in 2021 and CPO export levies, which contribute to the fund, is uncertain.
We think the government may scale down its plans to increase biodiesel use in Indonesia, take steps to raise collections for the industry fund through higher palm oil export levies or trim subsidies given to biodiesel producers. These actions will not only affect such producers, but are also likely to affect CPO prices and the broader palm oil industry.
Among rated names, Golden Agri-Resources Ltd. (GAR), whose consolidated profile is the basis for the rating of subsidiaries, PT Ivo Mas Tunggal and PT Sawit Mas Sejahtera (both rated A-(idn)/Stable), and PT Tunas Baru Lampung Tbk (TBLA, B+/A(idn)/Negative) have significant biodiesel capacities and it contributes significantly to revenue.
Source: FITCH
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Monday, 04 January 21
U.S. RENEWABLE ENERGY CONSUMPTION SURPASSES COAL FOR THE FIRST TIME IN OVER 130 YEARS - EIA
In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885, according to the U.S ...
Monday, 04 January 21
BLISS FOR SHIPOWNERS! DAMAGES MAY BE CLAIMED IN ADDITION TO DEMURRAGE FOR VOYAGE CHARTERPARTY DELAY - WFW
KNOWLEDGE TO ELEVATE
In a significant decision for the maritime sector, The Eternal Bliss[1], the English Commercial Court has resol ...
Sunday, 03 January 21
INDIA: COMMERCE MINISTRY LAUNCHES COAL IMPORT MONITORING SYSTEM - PTI
CIMS shall require importers to submit advance information in an online system for imports of items and obtain an automatic registration number by ...
Wednesday, 30 December 20
A LOOK BACK INTO 2020: THE HEADWINDS, THE TAILWINDS AND EVERYTHING IN BETWEEN - SIGNAL
There is no doubt that 2020 has been a turbulent year for commercial shipping. The coronavirus pandemic has shaken the global maritime transport. T ...
Tuesday, 29 December 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.66 PCT - XINHUA
China Taiyuan coal transaction price index stood at 134.78 points Monday, up 0.66 percent week on week.
The index, released by China ...
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- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- The University of Queensland
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Planning Commission, India
- VISA Power Limited - India
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- ASAPP Information Group - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
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