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Wednesday, 17 February 21
STRANDED ASSETS A LONG-TERM RISK FOR MAJOR FOSSIL FUEL EXPORTERS - FITCH RATINGS
 Fossil exporters face a loss of GDP, government revenue and export receipts from the transition to a lower-carbon economy over the coming decades. For the most-exposed sovereigns and those that do not adequately prepare for it, climate change stranded-asset risk is likely to lead to rating downgrades as the effects become clearer, closer and more material, Fitch Ratings says in "Climate Change 'Stranded Assets' Are a Long-Term Risk for Some Sovereigns" report.
The report further noted, the extent and speed of the decline in demand for fossil fuels is uncertain. Excess potential global supply will weigh on prices, potentially compounding the loss from lower volumes. Coal will face a faster and fuller loss of market than oil and particularly gas. High-cost producers will be squeezed out first. Sovereigns with strong balance sheets and potential to diversify their economies are better-placed. Political instability and rising financing costs could amplify challenges.
Under a plausible scenario, the transition would be a similar shock to oil revenue as occurred in 2013-2016 and again in 2018-2020. During this period two oil exporters defaulted and a further three were downgraded by at least four notches. Being much slower, it would give sovereigns more capacity to adjust, but it would be permanent. A simulation on Fitch's Sovereign Rating Model suggests it could lead to a fall in the SRM output by around one rating notch by 2040 and two to three notches by 2050 for a major oil exporter, Fitch Ratings says in its new report.
Ratings typically place more weight on current developments and we will be more circumspect in taking forward-looking rating actions the more distant and uncertain are future events, said Fitch Ratings.
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Friday, 13 August 21
INDONESIA’S COAL EXPORTS TO JAPAN DECLINED BY -26.3% YOY TO 11.9 MLN TONNES IN THE FIRST 7 MONTHS OF 2021; STILL THE SECOND LARGEST SOURCE FOR JAPAN’S COAL IMPORTS IS INDONESIA - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade. Total global loadings in the 12 months of 2020 were down -12.7% year-on-yea ...
Thursday, 12 August 21
ONLY 3 VLCCS SOLD FOR DEMOLITION IN 2021 AS SECONDHAND PRICES TEMPT - BIMCO
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition. The current mar ...
Wednesday, 11 August 21
U.S: EIA EXPECTS COAL EXPORTS TO TOTAL 90 MMST IN 2021, 30% INCREASE FROM 2020
Coal production in EIA's forecast totals 607 million short tons (MMst) in 2021, an increase of 13% over 2020.
EIA is also ...
Wednesday, 11 August 21
MARKET INSIGHT - INTERMODAL
Energy is at the core of the global climate dialogue as the climate challenge is essentially an energy challenge. Policy experts around the world a ...
Tuesday, 10 August 21
34 INDONESIAN COAL COMPANIES TEMPORARILY BANNED FOR COAL EXPORTS
The Ministry of Energy and Mineral Resources (ESDM) has imposed sanctions in the form of a coal export ban for 34 coal companies as reported by CNB ...
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- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Australian Coal Association
- Anglo American - United Kingdom
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Interocean Group of Companies - India
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Planning Commission, India
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
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