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Wednesday, 19 February 20
GLENCORE WRITES OFF ALMOST $1 BILLION AT COLOMBIAN COAL MINES DUE TO FALLING EUROPEAN IMPORTS: BLOOMBERG
 The economic case against European coal is proving too much for even Glencore Plc.
The world’s biggest coal shipper cut the value of its Colombian business — which mostly sells to Europe — by almost $1 billion as it adjusts to the struggling market. It also plans to stop mining coal in Colombia in next 15 years.
The announcement is another example of how climate change and Europe’s dwindling demand for coal is starting to reshape the global energy industry. A glut of natural gas, along with a milder winter, and higher costs for carbon-emissions allowances, has tilted the economics of generating electricity away from coal and toward using more gas.
Investors are piling on pressure over climate change impacts and last year Glencore agreed to cap coal production. But it’s the economics that are proving decisive.
“The Atlantic coal market, I don’t see a big recovery,” Chief Executive Officer Ivan Glasenberg said on Tuesday. “It’s clear the amount of coal being consumed in the Atlantic is decreasing.”
The collapse of European coal demand is not just a headache for Glencore. BHP Group, the biggest mining company, is looking to exit the business. One of its assets is Cerrejon, a mine in Colombia it owns with Glencore and Anglo American Plc. In the current market, there are few natural buyers.
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Wednesday, 19 February 20
AS OCEAN TEMPERATURES RISE, SHIPOWNERS LOOK FOR WAYS TO COPE - WARTSILA
The world is heating up, and its oceans are no exception. According to the International Panel on Climate Change (IPCC), the oceans absorb the majo ...
Wednesday, 19 February 20
MARKET INSIGHT - INTERMODAL
The coronavirus outbreak is estimated to negatively affect global economy by at least EUR400bn this year, representing around the 0.4% of global GD ...
Tuesday, 18 February 20
WEEKLY MARKET ANALYSIS - ALLIED
Under such poorly performing market circumstances, many usually take the historical approach, in order to better understand and further analyze the ...
Tuesday, 18 February 20
ADARO SHIPPED 27 PERCENT OF ITS TOTAL COAL PRODUCTION IN 2019 TO INDIA AND CHINA
PT Adaro Energy Tbk (AE) produced 58.03 Mt of coal from PT Adaro Indonesia (AI), Balangan Coal Companies and Adaro Me ...
Tuesday, 18 February 20
ADARO REMAINS POSITIVE ON THE LONG-TERM FUNDAMENTALS OF COAL MARKET SUPPORTED BY THE SOUTHEAST ASIA AND SOUTH ASIA REGION
The global seaborne thermal coal market in 2019 was faced with macro and industry challenges which pushed international coa ...
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- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Minerals Council of Australia
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
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