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Friday, 20 September 19
INDIA: ECONOMIC SLOWDOWN IMPACTS COAL IMPORT CARGO IN H1 FY20 - PTI
Economic slowdown has impacted coal import cargo in the first half of this fiscal, as overall cargo growth at major ports registered a marginal growth of 1.9 per cent to 294 million tonnes, rating agency Icra said.
Healthy volume growth in container, crude and iron ore segments was offset by the decline in coal and some other bulk cargo volumes, it said.
“The volume growth at major ports has been impacted by 4 per cent fall in coal volumes – 63.6 MT vs 66.3 MT – and some decline in fertiliser and liquid volumes,” Icra said in a statement.
Coal volumes at major ports grew 11 per cent in FY2019.
“The decline in imports is despite the fact that Coal India Ltd’s dispatches have also fallen by 3 per cent during this period to 247 MT from 241 MT. Thus, the slowdown in coal imports is most likely attributable to the economic slowdown in recent months which has brought down the overall demand and is likely to impact the domestic port sector,” K Ravichandran, Senior Vice President and Group Head – Corporate Ratings, Icra said.
Also, thermal power generation has increased during the first five months by 4-5 per cent, indicating that the decline in thermal coal demand is driven by other consuming industries. Some of the growth in coal demand is also stifled by the impact of higher generation from newly added renewable capacities. Systemic inventory with users is also possibly down on account of lower ordering following the anticipation of a further slowdown in demand.
Over the long-term, a sustainable pick-up in industrial activity and power demand will be crucial for the sustenance of healthy coal imports as domestic production also ramps up to meet the incremental demand, it said.
“If demand from power sector remains tepid and industrial demand also remains slack, there is a possibility of further pressure on coal import volumes. Over the long term, a sustainable pick-up in industrial activity and power demand will be crucial for the sustenance of healthy coal imports as domestic production also ramps up to meet the incremental demand,” Ankit Patel, Vice President and Co-Head – Corporate Ratings, Icra said.
He said CIL’s supply is likely to increase every year by 5-7 per cent at least and this will continue to be a risk for port players that are highly dependent on coal volumes for optimal utilisation of their port capacities.
In FY19, total cargo handled at Indian ports had registered a moderate increase of 5.9 per cent to 1,280 million tonnes from 1,209 million tonnes during FY18. Major ports handled 699 MT, whereas non majors handled 581 MT.
Source: PTI
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Sunday, 26 January 20
SUPRAMAX: THE ASIAN BASIN SAW A 56,000DWT SHIP FIXING DELIVERY SAMARINDA TRIP TO WEST COAST INDIA AT $4,750 - BALTIC BRIEFING
Capesize
The market endured heavy losses throughout the past week, with the Capesize 5TC dropping from $8,352 to $4,772. In the lead up to Chin ...
Sunday, 26 January 20
SHIPPING NEEDS TO PREPARE FOR CORONAVIRUS RESTRICTIONS WARNS HILL DICKINSON
The shipping industry needs to be prepared for potential restrictions in order to prevent the further spread of the ‘Wuhan’ coronavirus ...
Friday, 24 January 20
LOW-SULPHUR FUEL OIL PRICES DROP USD 99 PER MT IN SINGAPORE - BIMCO
Singapore has seen one of the largest drops in the price of Very Low Sulphur Fuel Oil (VLSFO), which peaked on 7 January 2020 at USD 740 per metric ...
Friday, 24 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINED FLAT DURING THE PAST WEEK - XINHUA
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China’s major ports, stood at 553 yuan (about 80.1 U.S. dollars) ...
Thursday, 23 January 20
PANAMAX: ANOTHER DISAPPOINTING WEEK IN BOTH THE ATLANTIC AND THE PACIFIC BASIN - FEARNLEYS
Cape Size
From bad to worse for the biggest ships as prices for low-sulphur fuel oil remain high whilst freight rates deteriorate further. Aver ...
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- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Planning Commission, India
- Carbofer General Trading SA - India
- Australian Coal Association
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
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