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Sunday, 08 January 12
ICICI OUTLOOK ON INDIAN POWER, MINING,CEMENT, AND SHIPPING SECTORS PERFORMANCE IN 2012
 Broking firm, ICICIdirect (India) has come out with report on sectors outlook for 2012. IRIS has collated key highlights for each sector from ICICI’s report.
Power - Underperform
The power sector in CY11 was characterized by robust capacity addition (12737 MW taking total capacity to 185,496 MW), tariff hikes, fuel shortages, back down by SEBS, change in Indonesian coal law and rise in interest rates. ICICIdirect expects capacity addition to be robust in CY12 (our bottom up analysis suggests that nearly 9400 MW can be added in CY12). ICICIdirect is cautious as structural issues like policy reforms and fuel shortages are more critical than cyclical factors like falling interest rates. One should stick to regulated entities like NTPC, NHPC (regulated players, less fuel risk, high Actual Contract Quantity from Coal India, sustainable earnings growth via capacity addition).
Metals and Mining - Underperform
CY11 was a challenging year for the metals and mining sector on the back of a muted demand scenario, elevated raw material costs and restriction of mining of iron ore in certain areas. During the first nine months of CY11, prices of key raw materials such as iron ore and coking coal were on an upward trend while in Q4CY11 along with a decline in raw materials costs steel prices also tapered off resulting in no respite for steel companies. As a result, on the back of elevated cost structure the operating margins of steel players remained under pressure for CY11. Going forward, on the back of global uncertainty and a muted demand scenario, ICICIdirect expects global steel demand to remain subdued in CY12.
Cement - Underperform
Cement demand has been sluggish in the past 20 months (growth of 4.4% in FY11 and 4% in YTD FY 12) due to muted off take from construction activities. ICICIdirect finds that cement demand growth has a high correlation with gross fixed capital formation growth as it captures the construction activities. GFCF declined 0.6% in Q2FY12 on account of a slowdown in infrastructure investments, keeping cement demand under pressure. ICICIdirect expects cement demand to grow by 4.5% in FY12E and 8% in FY13E.
Shipping - Underperform
The shipping industry is currently passing through a downturn, which is likely to be prolonged. A moderation in demand and substantial increase in supply on account of new vessel additions is expected to keep freight rates subdued.
(Source : IRIS /Steelguru)
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Wednesday, 11 January 12
NEWBUILDING ORDERS DECLINE, AS SHIP OWNERS REALIZE OVERSUPPLY WILL "KILL" THEM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With 2012 now underway, it will be rather interesting to see how ship owners will play the "newbuilding ordering" card to their favor, as ...
Tuesday, 10 January 12
THE 4TH DEEPWATER ASIA CONGRESS 2012 WILL KICK OFF ON MAY 23 - 25
Press release - Based on the past three years’ success, SZ & W Group is excited to announce the 4th Deepwater Asia Congress will be held o ...
Monday, 09 January 12
2012: WHAT WILL IT BRING FOR THE DRY BULK MARKET? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A further increase in dry bulk demand could be the remedy for most of the industry's oversupply issues, together of course with the high level of s ...
Sunday, 08 January 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7000 PER DAY - VISTAAR
Wish You a Very Happy and Prosperous New year 2012.
COALspot.com - The last report by us was on 16th Dec 2011 and because of holidays this would ...
Sunday, 08 January 12
THARPAK CONSORTIUM FORMED TO DEVELOP MEGA ENERGY COMPLEX IN SINDH PROVINCE, PAKISTAN
Press Release: On January 5th, TharPak, LLC met with officials of the Embassy of Pakistan in Washington DC to introduce and announce the formation o ...
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- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- MS Steel International - UAE
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Australian Coal Association
- Mercuria Energy - Indonesia
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Trasteel International SA, Italy
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