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Monday, 16 December 19
THE OUTLOOK FOR U.S. THERMAL COAL IS INCREASINGLY STRESSED - MOODY'S
 - Slowing global economic growth, trade tensions will continue to exert influence
- Coal's secular decline will persist in 2020
Moody's Investors Service maintains negative 2020 outlooks for the US coal and US steel industries and a stable outlook for the global base metals sector, amid slowing economic growth and trade frictions, the rating agency says in its annual report.
The stable outlook for global base metals is driven by supply/demand fundamentals despite weaker GDP rates and lower Purchasing Managers Indexes (PMIs). However, a challenging macro operating environment warrants some caution for the sector.
"Geopolitical and economic concerns as well as trade tensions will once again overshadow the global base metals markets in 2020, continuing the pressures experienced as 2019 as deceleration in global economies took hold," says Carol Cowan, Moody's Senior Vice President. "ESG considerations will also continue to increase in visibility, demanding more transparency and improvement from the industry."
Moody's negative outlook for the US steel industry reflects its expectation that weaker fundamentals will hold in 2020, prices will not rebound significantly and planned new capacity will weigh on market sentiment.
"It's a tale of 2 steels – EAF producers will continue to benefit from lower scrap costs, helping mitigate lower realized steel prices, while blast furnace producers will continue to face higher iron ore costs and likely-increasing costs related to environmental compliance," says Cowan.
Meanwhile, Moody's expects US coal producers' cumulative EBITDA to decline by more than 3% over the next 12 months, due to a substantive decrease in export prices in 2019 among other factors.
"The outlook for thermal coal is increasingly stressed, with ESG factors weighing heavily on demand from utilities," says Benjamin Nelson, Moody's VP-Senior Credit Officer. "Our long-term outlook for North American thermal coal calls for a substantial volume reduction over the next decade, driven by utilities switching to natural gas, where we expect prices will remain low, and renewable energy, which still benefit from government subsidies."
Moody's outlooks for 2020 consider fundamental credit conditions that will affect sectors for the next 12-18 months.
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Wednesday, 25 December 19
COVER FOR WAR AND TERRORISM RISKS, AND COVER IN RESPECT OF BIOLOGICAL AND BIO-CHEMICAL WEAPONS - 2020 POLICY YEAR: AMERICAN CLUB
KNOWLEDGE TO ELEVATE
This Circular describes the arrangements which have been made to provide special cover for war and terrorism risks, and c ...
Wednesday, 25 December 19
EXHAUST GAS CLEANING SYSTEMS (SCRUBBER) GUIDANCE - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In a few weeks, IMO’s ‘global sulphur cap’ will take effect. The permitted levels of SOx in ship emissi ...
Wednesday, 25 December 19
INDONESIAN BUKIT ASAM TARGETS TO MINE 30 MLN T OF COAL IN 2020 - REUTERS
Indonesian state-owned coal miner PT Bukit Asam targets to produce around 30 million tonnes of coal in 2020, compared with an estimate of 28.5 mill ...
Wednesday, 25 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
As another year in the shipping industry is coming to an end, it is interesting to look at the dry bulk and tanker markets and how these performed ...
Monday, 23 December 19
VLSFO PRICING & AVAILABILITY NEEDS CAREFUL WATCHING - INTEGR8 FUELS
As we approach January 1st 2020 , the VLSFO price premium to HSFO has widened considerably
We are clearly well into the IMO 2020 transition; ch ...
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Showing 1226 to 1230 news of total 6871 |
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- Ministry of Mines - Canada
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- White Energy Company Limited
- Eastern Energy - Thailand
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Deloitte Consulting - India
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