We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 24 August 21
COAL PRICE RALLY TO PRESSURE CHINESE POWER GENCOS’ MARGINS FITCH RATINGS
 Fitch Ratings expects the pressure on Chinese power generation companies’ (gencos) profit from the recent coal price surge to weaken their credit metrics in 2021. However, the magnitude may vary as they have different risk exposure to coal-price fluctuations from factors such as fuel mix, business and geographical diversification, degree of integration and coal procurement strategy.
The Chinese benchmark Qinhuangdao 5,500 kcal/kg coal price surged 66% yoy to CNY942/tonne by end-July 2021. Power gencos with higher capacity contribution from coal-fired power and less integration into the coal-mining business are more vulnerable to the coal price rally.
However, their coal procurement strategies may partly mitigate the adverse impact. Some power gencos maintain a high share of procurement via long-term contracts, which, to some extent, can mitigate their lack of a natural hedge from having an upstream coal-mining business. Power gencos in coastal regions also use more imported coal, which is generally cheaper than domestic coal, while power gencos with assets in proximity to low-cost inland coal mines benefit from lower coal price volatility and transport costs.
Fitch expects rated Chinese power gencos’ leverage to rise in 2021 due to lower operating cash flow, reflecting the coal-price-driven profit decline, and higher capex to fund renewable investments. We expect most of the rated gencos’ Issuer Default Ratings (IDR) to remain intact due to their status as government-related entities or subsidiaries with IDRs linked directly or indirectly to the creditworthiness of their local governments under a top-down approach based on our Government-Related Entities Rating Criteria. However, standalone credit profile headroom for some entities may be reduced due to the elevated leverage.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 ...
Monday, 09 August 21
AIIB MAY OFFICIALLY END COAL FINANCING IN 2022 - CHINA DAILY
The Asian Infrastructure Investment Bank may officially rule out coal projects if it updates its energy strategy next year, after shunning funding ...
|
|
|
Showing 506 to 510 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Interocean Group of Companies - India
- PTC India Limited - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- The University of Queensland
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Planning Commission, India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
|
| |
| |
|