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Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
 Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling prices ease from the highs of 2021, while cash accumulation from 2021 should support adequate rating headroom for most companies.
Fitch expects operating profiles to remain the key driver for most ratings. Capex is likely to remain low as organic growth is still slow. Investments might pick up as some miners may continue to look at diversification away from thermal coal to ease out the rising ESG considerations from various funding sources.
Fitch revised up its 2022 price assumptions for Australia Newcastle 6,000kcal/kg coal in November 2021, followed by an upward revision of our Indonesian 4,200kcal price estimates, based on the sector’s evolving supply and demand dynamics. Most coal producers are on Stable Outlook due to wider rating headroom amid strong earnings forecasts into 2022.
Source: Fitch Ratings
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Wednesday, 03 February 21
MARKET INSIGHT - INTERMODAL
"2020 the year from hell for the entire world, had everything for shipowners. The introduction of the sulphur cap and VLSFO, a Pandemic outbre ...
Tuesday, 02 February 21
WILL THE ELECTRONIC B/L BE FULLY IMPLEMENTED? FIVE POINTS TO CONSIDER - MOL
KNOWLEDGE TO ELEVATE
The trend towards digitization of Bills of Lading (B/L) has begun to attract attention in the trade and shipping industrie ...
Monday, 01 February 21
A 56,000-DWT OPEN MANILA WAS FIXED FOR A TRIP VIA INDONESIA REDELIVERY CHINA AT $11,500 - THE BALTIC BRIEFING
Capesize
The Capesize routes endured a week of slippage on rates, bringing the market back down to levels seen at the beginning of the month. D ...
Monday, 01 February 21
PAKISTAN: COAL DEMAND EXPECTED TO SPIKE IN 2021 - DAWN
Coal demand is expected to remain upbeat in 2021 as more coal-fired and captive power plants are coming up in the current year.
Acco ...
Friday, 29 January 21
COAL EXPORTS FROM AUSTRALIA TO MAINLAND CHINA DECLINED BY -22.2% Y-O-Y IN 2020 - BANCHERO COSTA
In the 12 months of 2020, global seaborne coal trade declined by as much as -12.7% year-on-year, according to vessel tracking data from Refinitiv, ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
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