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Tuesday, 19 July 22
INDONESIA REMOVES PALM OIL EXPORT LEVY UNTIL AUG. 31 - REUTERS
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues.
The decision by the world’s biggest palm oil exporter could further depress prices FCPOc3, which have fallen by about 50% since late April to their lowest in over a year.
Indonesian palm oil producers have been struggling with high inventories since the country imposed a three-week export ban through to May 23 to reduce domestic cooking oil prices.
Since lifting the ban, Jakarta has implemented rules on mandatory local sales – known as the domestic market obligation (DMO) – to keep produce at home to be made into cooking oil.
At the same time, it has tried to clear up storage tanks by cutting export taxes and launching a shipment acceleration programme, but exports remained slow and companies have blamed the DMO rules, as well as problems with securing cargo vessels.
The levy removal is intended to further support exports, Febrio Kacaribu, the ministry’s head of fiscal policy agency, told reporters on the sideline of a G20 finance meeting in Bali.
“In the context of government revenues, (the impact) won’t be too big,” he said.
Finance Minister Sri Mulyani Indrawati said a progressive palm oil export levy would be applied starting Sept. 1, with the rate set between $55 and $240 per tonne for crude palm oil, depending on prices.
High palm oil stocks have forced mills to limit purchases of palm fruits. Farmers have complained their unsold fruits have been left to rot.
There were 7.23 million tonnes of crude palm oil in storage tanks at the end of May, data from the Indonesian Palm Oil Association (GAPKI) showed on Friday.
GAPKI welcomed the new measure, but it recommended the DMO rules be removed too, its secretary general Eddy Martono said.
“For now remove the DMO … until stocks drop to 3 million to 4 million tonnes. Our problem now is the inventory is too high,” he told Reuters.
Source: Reuters
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Monday, 17 September 18
SMALL PERCENTAGE OF THE WORLD FLEET WILL FIT SCRUBBERS - FORECASTS : METTE KRONHOLM FRAENDE
In recent months, there have been numerous reports of a strong pick-up in demand for scrubbers. On 1 January 2020, however, the number of ships fit ...
Saturday, 15 September 18
POWERING SUSTAINABLE DEVELOPMENT WITH LOW EMISSION COAL TECHNOLOGIES - WCA
In its 5th Strategic Energy Plan this year (2018), the Japanese Cabinet recognised coal as an important energy resource, necessary for the country& ...
Friday, 14 September 18
10 YEARS ON FROM LEHMAN, HOW IS SHIPPING'S "HANGOVER"? - CLARKSONS RESEARCH
On 15th September 2008, the collapse of Lehman Brothers crystallised the financial crisis and the onset the worst economic downturn for a century. ...
Thursday, 13 September 18
OPEC SEES SLOWER 2019 OIL DEMAND GROWTH, WARNS ON ECONOMY
Crude Oil Price Movements
In August, the OPEC Reference Basket declined by $1.01 m-o-m, settling at $72.26/b. Crude oil futures were also down ...
Thursday, 13 September 18
SUPRAMAX: INDO-INDIA COAL RUN WAS FIXED CLOSE TO $16000 ON ULTRA - FEARNLEYS
Capesize
Rates took a further drop in the beginning of the week, to later find a floor around mid-week reaching mid USD 7 level for c5 and just ...
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- White Energy Company Limited
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- The University of Queensland
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
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