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Thursday, 03 March 16
INDIA'S BUDGET NOT ENOUGH TO BOOST STEELMAKERS' PROFITABILITY - FITCH RATINGS
 COALspot.com: Fitch Ratings says that increase in proposed infrastructure spending in India's latest government budget is unlikely to provide a boost to domestic steel demand growth, unless project execution rates pick up significantly. Domestic steel producers also face overcapacity, which is likely to weigh on their profitability and credit metrics in the near term.
The budget plans to increase capex on infrastructure (roads, railways and shipping) in the financial year ending March 2017 (FY17) by 23% to INR2.3trn. For FY16, the government had budgeted for infrastructure investment to double from actual spending in FY15. However, except for a pick-up in road construction (up 36% yoy in 1HFY16), project implementation appears to have been weak so far in FY16.
Private-sector investment has also remained weak, given the stretched corporate balance sheets. As a result, steel demand growth in India has remained soft at 4.7% yoy in 9MFY16. We expect steel demand growth to improve slightly to 7%-8% in FY17, supported by a pick-up in government infrastructure spending with better project execution.
However, the steel industry is burdened by overcapacity. Domestic capacity is scheduled to jump by about 15 million tonnes over the 2HFY16-FY17 period, which will exceed a potential 6 million tonne increase in domestic steel demand in FY17. At the same time, global supply continues to outstrip demand. Given the supply-demand growth mismatch, producers are likely to engage in price competition amid weak utilisation levels. Therefore, a recovery in sales realisation and profitability for Indian steelmakers is unlikely before FY18.
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Wednesday, 17 February 16
THE OWNERS FACING HISTORICAL LOW DRY BULK RATES; COAL IMPORTS TO CHINA IS STILL POINTING TO A STRONG TREND OF DECLINING CONSUMPTION
The sharp fall in dry bulk rates that has been taking place since the end of last year and has left owners facing historical low rates for a substa ...
Monday, 15 February 16
CALL THE DOCTOR! SHIPPING'S MEDICAL DRAMA UNFOLDS......- CLARKSONS
The recycling market has started 2016 with a bang, with a huge volume of tonnage heading to demolition facilities. Many of the key shipping markets ...
Monday, 15 February 16
CS 42 COAL INDEX ROSE 0.07% WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.15 percent week over week to averaging $38.96 per ton on this past Friday, ...
Monday, 15 February 16
BALTIC INDEX MARGINALLY ROSE BY A POINT D-D; CAPESIZE INDEX DOWN 13 POINTS W-W; PANAMAX INDEX UP 29 POINTS W-W
COALspot.com: The freight markets continued to fall this past week.
The BDI, The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measu ...
Friday, 12 February 16
DRY BULK MARKET'S FORTUNES STILL TIED WITH CHINA'S ECONOMY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The inevitable slowdown of the Chinese economy was expected to hurt dry bulk shipping, but few expected the blow to be this hard, especially given ...
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- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Economic Council, Georgia
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- The University of Queensland
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
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