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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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Tuesday, 18 February 20
CORONAVIRUS AND ITS IMPACT ON YOUR CONTRACT - CAN YOU RELY ON 'FORCE MAJEURE'? - INCE
KNOWLEDGE TO ELEVATE
On 30 January 2020, the World Health Organization (WHO) declared that the outbreak of the Novel Coronavirus (officially t ...
Monday, 17 February 20
IMO-2020 SULPHUR CAP - ISSUES TO CONSIDER PRIOR TO THE IMPLEMENTATION OF THE CARRIAGE BAN ON 1 MARCH 2020 - STANDARD CLUB
With the IMO 2020 global sulphur cap now in force, members should bear in mind another significant date in relation to the ‘carriage ban&rsqu ...
Monday, 17 February 20
COVID-19: THE EFFECT OF THIS PUBLIC HEALTH EMERGENCY ON CHARTERPARTY TERMS - GARD
KNOWLEDGE TO ELEVATE
Is it useful to compare the COVID-19 with earlier disease outbreaks?
A comparison with the Ebola outbreak ...
Saturday, 15 February 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - REUTERS
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Saturday, 15 February 20
CHEN ZHIDA: NOVEL CORONAVIRUS - IMPLICATIONS FOR CHARTERPARTIES - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE
Last month, the Club issued a bulletin on the 2019 Novel Coronavirus (COVID-19) which explained the origin of the virus a ...
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- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
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