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Thursday, 17 November 16
FROTHY THERMAL COAL PRICES POINT TO DOWNSIDE PRESSURES IN 2017 - FITCH
 Fitch Ratings says in an Outlook Report that the Asian thermal coal industry will remain under pressure in 2017 due to more-than-adequate capacity and price adjustments that are likely to be downward. The strong pricing rebound since early 2016 is unlikely to be sustained as the Chinese government relaxes its working-day curtailment policies to manage prices.
According to Fitch, supply-demand dynamics remain on soft ground, as China eliminated only 152 million tonnes of excess capacity in 8M16, compared with 600 million tonnes of capacity seeking production approval and another 800 million tonnes under construction. Meanwhile, India is ramping up domestic supply aggressively to enhance energy security and reduce current account deficits, while domestic demand growth has been lacklustre.
Fitch further said, the Chinese government has relaxed its supply controls since September to prevent runaway coal prices from delaying capacity rationalisation. Recent policies reveal Beijing's wish to keep the 5,500kcal/kg coal prices below CNY460/tonne, versus CNY607/tonne as of end-October. Fitch believes the government has ample measures to curb prices, given sufficient capacity to serve stagnant demand. The depreciation of the Chinese yuan against the US dollar can also have a negative effect on import demand and seaborne prices in dollar terms.
Fitch says, Indonesian coal producers focusing on the export market are likely to suffer the most as their largest buyer - India - experiences weak thermal power generation, curbs coal imports, and increases utilisation of higher-rank Australian and South African coal.
The recent appreciation in thermal coal prices will prop up the operating cash generation of Asian coal producers; however, the price outlook remains uncertain and challenging, Fitch concluded.
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Thursday, 03 November 16
CAPESIZE: BRAZIL/CHINA RATES MOVED TO THE $11 PMT LEVEL; WEST AUSTRALIA/CHINA ROUTE MOVED UP CLOSE TO MID $5 PMT LEVEL - FEARNLEYS
Supramax
In the Atlantic we see a bit more activity than in the eastern hemisphere, says Fearnleys in its latest weekly report. Fhauls via Black ...
Wednesday, 02 November 16
SHIPPING MARKET INSIGHT
A week before the U.S. presidential election, everyone is eager to see the socio-political effects that the result of these elections will have. As ...
Wednesday, 02 November 16
SHIP OPERATING COSTS ARE EXPECTED TO RISE IN BOTH 2016 AND 2017 - MOORE STEPHENS
Vessel operating costs are expected to rise in both 2016 and 2017. Repairs and maintenance and spares are the cost categories which are likely to i ...
Tuesday, 01 November 16
PANAMAX : A FAIR AMOUNT OF SIDEWAYS SHIPPING IN RATES - ALLIED SHIPPING
Capesize
A very sluggish start to the week, with rates dropping considerably as all optimism seems to have evaporated over the weekend. According ...
Tuesday, 01 November 16
IMPROVEMENT ON THE DEMAND SIDE ONLY BUT THE SUPPLY SIDE IS WORSE OFF - BIMCO
Back in May, BIMCO disclosed a projected “road to recovery” for the dry bulk shipping industry. The main message back then on what the ...
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- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
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