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Thursday, 18 June 20
INDIA: GOVT'S PLAN TO CUT COAL IMPORT GOES FOR A TOSS AS FY20 BREAKS LOGISTICS CHAIN; LOCAL OUTPUT STAGNANT - FINANCIAL EXPRESS
Weak logistics support and disrupted supply chain towards the end of the last financial year 2019-20 hit the government’s plan to cut coal imports and boost domestic production. Despite having the world’s fourth-largest coal reserves in the country, India imported about one-fourth of its domestic coal requirements in the last fiscal, mainly due to shortfall in coal production and logistical constraints in evacuation infrastructure, said a report by Care Ratings. While coal production in India remained flat – rising marginally by 0.1 per cent in FY20, imports surged 3.3 per cent. Although Coal India has been mandated by the government to replace at least 100 million tonnes of substitutable imports with domestically-produced coal in the ongoing fiscal, the effect of the nationwide lockdown may keep India relying on imports in the current fiscal too.
Coal production remains gloomy in FY21 so far
Mining was classified as an essential industry and was allowed to operate through the lockdown
period; but despite being operational, the domestic coal output shrank 14.8 per cent in two months of April and May 2020 as steel and power demand fell up to 65 per cent, and labour force left for their hometown in the wake of the pandemic. Even after the lockdown measures were gradually eased in May, the demand for coal did not see any significant pickup. Many manufacturing companies were unable to restart operations due to shortage of labour and liquidity, and power plants were not very keen to lift coal due to muted demand and high inventories, causing the coal production to shrink, the report added.
High inventories, low demand put brakes on coal offtake
Inventories of coal at thermal power plants have sharply risen in the last three months and power utilities are now refraining from purchasing more coal. To avoid the risk of coal catching fire and pilferage due to high inventories at pit-heads, coal miners are likely to cut their production till the record stockpiles are brought down to mandated levels, Care Ratings said.
Meanwhile, the Narendra Modi-led government has recently allowed commercial mining of coal, putting an end to decades-long government’s monopoly on coal production. Commercial mining is aimed to introduce competition, transparency, and private sector participation through a revenue-sharing mechanism in the coal sector. Opening up of coal mining for the private sector is expected to boost domestic production in the medium-term although it will take some time for the country to reduce over-dependence on CIL for its coal requirements, the report added.
Source: Financial Express
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Friday, 08 May 20
THE COLLAPSE OF THE OIL AND BUNKER FUEL MARKETS IN EARLY 2020 - PETER SAND
The sulphur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the centre stage in the shipp ...
Friday, 08 May 20
LNG DEMAND FACED SEVERAL HEADWINDS IN THE FIRST QUARTER OF 2020 - GASLOG
LNG demand faced several headwinds in the first quarter of 2020 including a warmer than average winter in the northern hemisphere, high inventory l ...
Thursday, 07 May 20
IEEFA UPDATE: THE OUTLOOK FOR THERMAL COAL IN SOUTHEAST ASIA AND SOUTH ASIA
Seven headwinds are building to sustained growth in coal in Asia
The medium term outlook for thermal coal in Southeast Asia is posit ...
Thursday, 07 May 20
IMO 2020: BUNKER CLAIMS HANDLING GUIDE FOR A NEW DECADE - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
IMO 2020 is the term generally used to describe the following regulations under Annex VI of the International Convention ...
Thursday, 07 May 20
CRUDE OIL TANKER EARNINGS DROP 68% IN NINE DAYS - BIMCO
Crude oil tanker earnings have come down sharply in recent weeks with Very Large Crude Carrier (VLCC) earnings from the Middle East Gulf to China d ...
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- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- The University of Queensland
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
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