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Monday, 23 May 16
A PERFECT STORM FOR INDONESIAN STEAM COAL EXPORTS - CLARKSON RESEARCH
 Indonesia is the world’s leading steam coal exporter, accounting for over 40% of global seaborne steam coal exports since 2010. However in 2015, the country’s steam coal shipments dropped 10%, due to sliding Asian thermal coal import demand, slumping coal spot prices and a series of domestic disruptions. While steps are being taken to try to weather the storm this year, the outlook remains challenging, says Clarkson Research Services Limited in its latest research report.
Troubled Waters
According to Clarkson Research Services Limited, Indonesia’s coal industry is highly fragmented and produces relatively low-quality coal, mostly shipped to Asian markets. In 2015, the country’s steam coal exports dropped to a four-year low of 366mt, with few indications of a recovery this year, largely due to declining import demand in the key Asian importing nations.
Asian Imports Sliding
Clarkson Research Services Limited further reported that, India has recently provided a crucial source of steam coal import demand for Indonesian miners. However in 2015, India’s firm domestic steam coal output contributed to an 8% drop in Indonesia’s steam coal exports to the country, to 123mt. This decline accelerated in early 2016, with Indonesian shipments to India falling 23% y-o-y in January-February.
Easing Chinese power generation growth and measures to reduce air pollution saw Indonesian steam coal exports to China fall 30% to 36mt in 2015. Clarkson Research Services Limited further noted that, While Indonesia’s exports to China have stabilized in recent months, the country’s import demand is expected to slump in full-year 2016. Finally, Indonesian steam coal exports to ‘other’ countries fell 8% in 2015 to 206mt, with growing shipments to developing Asian countries offset by a drop in exports to many developed Asian nations, such as South Korea and Taiwan.
Plunging Prices
Weak Asian coal import demand contributed to a significant drop in coal prices in 2015, forcing Indonesian coal miners to cut around 70mt of output. By April 2016, the Indonesian CFR steam coal spot price (4,900kcal NAR) had fallen to $42/t, down 27% y-o-y. Reports indicate that between 70-90% of Indonesian coal miners are currently operating at a loss, which is likely to result in further significant cuts to output in 2016.
Disorder On Deck
Indonesian steam coal exports have also been hit by a number of domestic factors. Last year, forest fires in Sumatra forced producers to suspend output, coinciding with a crackdown on illegal coal mining, which produces 50-90mt annually. In recent months, a series of piracy incidents forced the suspension of shipments from Kalimantan, although Jakarta has since responded by ramping up naval patrols. Further attempts to support Indonesia’s coal industry include the abandonment of a proposed hike in royalties and investment in domestic thermal power plants.
Overall, global seaborne steam coal trade is expected to drop for the second consecutive year in 2016, by 2%, due largely to weak Asian import demand. This, combined with depressed coal prices and domestic disruptions is expected to result in a 6% decline in Indonesian steam coal shipments this year. For the world’s leading steam coal exporter, the storm shows little sign of passing yet.
Source: Clarkson Research Services Limited
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Wednesday, 25 May 16
DRY BULK SNP MARKET DISPLAYS SIGNS OF STRENGTH - GEORGE ILIOPOULOS
Only a couple of weeks away from the world’s most prominent maritime event, the market for tankers displays an evident lack of confidence in ...
Tuesday, 24 May 16
WEEKLY CS COAL INDICES NEGATIVE FOR ALL TYPES OF COAL EXCEPT 3800 GAR COAL
COALspot.com: Average 5000 GAR coal index of Indonesian origin was down 0.10 percent week over week to averaging $38.90 per ton this past week, sho ...
Monday, 23 May 16
THE PANAMAX INDEX WAS UP 17 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this week.
The freight market was firm and all ...
Friday, 20 May 16
SHIPBUILDING CONTRACTS: CAN I CANCEL? SHOULD I CANCEL? - THE SHIPOWNER CLUB
KNOWLEDGE TO ELEVATE
There are many circumstances in which a buyer of a new-build vessel might want to terminate or cancel their contract with ...
Friday, 20 May 16
U.S COAL PRODUCTION FOR THE WEEK ENDED 14 MAY TOTALED 11.4 MMST; UP 3.8% W/W
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.4 million short tons (mm ...
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- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- The University of Queensland
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
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