COALspot.com keeps you connected across the coal world
  • OCTOBER 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 51.00 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Wednesday, 02 September 20
MARKET INSIGHT - INTERMODAL
Intermodal logoThe imminent global shift towards eco-friendliness has caused divide among the shipping community because there is no outlined, clear-cut way via which shipowners can start approaching the future IMO targets. In 2018, the Marine Environmental Protection Committee adopted a greenhouse gas (GHG) emissions reduction strategy entailing (among others): reduction of CO2 emissions by at least 40% by 2030 and by at least 50% by 2050, compared to 2008 levels. Earlier this month, the 4th IMO GHG study forecasted that shipping emissions are due to increase by approximately 50% till 2050! This will undoubtedly speed up the need for effective GHG mitigation techniques in the maritime industry. It can be argued that realistic attainment of the IMO 2050 target will likely need to encompass a combination of market-based, technological, logistical and ship finance measures. Propulsion methods such as LNG and ammonia currently offer high yet expensive CO2 mitigation potentials. On the other hand, a bunker levy could offer a directly implementable and R&D cost-free approach towards the IMO targets.
 
A bunker levy may be implemented by a direct carbon tax or an emission trading scheme (ETS). The latter is less desirable since it can only absorb (40-75)% of emissions captured by a current respective bunker levy. Carbon neutral fuels would set a zero-levy baseline; the levy could be increased with increasing carbon footprint of fuels. This method would require a tax per ton of CO2 ($/CO2) emission equivalent (as an industry benchmark). The three current levy implementation strategies proposed in 2019 by the Technical University of Denmark led by Dr. Harilaos Psaraftis include low, medium and high levy intensity strategies. 
 
A horizontal IMO-imposed levy could be enacted on a gradual basis starting from 2023-24 to account for the current newbuilding orders placed. Current IFO price is at around $280/ton, therefore a carbon levy of $75/ton (even at a [15-25]% initial implementation) would increase fuel costs by approximately [5-7]%. Alternatively, a greater than 70% levy imposition by 2030 could be overly aggressive as it would require the timely development of GHG reduction technologies to avoid the shifting of costs from shipowners to end consumers. This is because total annual costs to the shipping industry would exceed $65 billion (computed based on BP’s Statistical Energy Review & Outlook, 2019). The revenue stream distribution of the carbon levy would have to be carefully allocated by the IMO. Arguably, a significant proportion of the funds would have to be used to finance greener shipbuilding methods (inclusive of R&D required) and end-products (vessels). The policy could also incentivize investment in eco-friendly vessel newbuildings by providing lower carbon taxation rates on vessels with better Energy Efficiency Design Indices (EEDIs). 
 
In conclusion, an industry-wide carbon levy may be an efficient approach towards carbon neutrality in shipping due to its direct implement-ability and cost-effectiveness. Regardless of the method(s) employed, successful and feasible GHG mitigation would need to impact all shipowners fairly; this could be accomplished by accurate assessment of each vessel’s carbon footprint. Achieving the IMO 2050 target will require sound collaboration among regulators, industry players and research and financial institutions which could in turn result in the much anticipated and needed re-designing of the international seaborne landscape. 

By Dionysis Kourouniotis
Research & Valuations Department
 
Compiled by:
Intermodal Research & Valuations


Analysts:
Ms Eva Tzima

Mr.George Panagopoulos


Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
 
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 07 October 20
U.S. COAL PRODUCTION TO DECREASE BY 26 PERCENT IN 2020 COMPARED TO 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 525 million short tons (MMst), compared with 705 MMst in 2019, a 26% decrease. COVID-19 a ...


Wednesday, 07 October 20
MARKET INSIGHT - INTERMODAL
The challenges brought forward in 2020 proved to be very different from what we could have ever imagined. Together with placing a significant strai ...


Tuesday, 06 October 20
KOSPO TO IMPORT 80,000 MT OF 3,800 NCV COAL FOR 2H NOV
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 MT Min.3800 kcal/kg NCV coal 2H November, 2020 l ...


Friday, 02 October 20
THE INDONESIA COAL PRICE REFERENCE RISE AFTER HISTORIC CRASH TO US$ 49.42
COALspot.com: The Indonesia Coal Price Reference for the month of October Rise to US$ 51.00 after historic crash to US$ 49.42 in September 2020. ...


Friday, 02 October 20
SRI LANKA MUST LEARN LESSONS FROM AROUND ASIA TO AVOID FURTHER ELECTRICITY CRISES - IEEFA
Overcommitment to fossil-fuelled power generation is leading to excess capacity and rising capacity payments, subsidies, and tariffs around the con ...


   2 3 4 5 6   
Showing 16 to 20 news of total 6119
News by Category
Popular News
 
Total Members : 27,135
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • globalCOAL - UK
  • Gujarat Electricity Regulatory Commission - India
  • Madhucon Powers Ltd - India
  • Simpson Spence & Young - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Indonesia Power. PT
  • Core Mineral Indonesia
  • KOWEPO - South Korea
  • IHS Mccloskey Coal Group - USA
  • Coal Orbis AG
  • New Zealand Coal & Carbon
  • Lafarge - France
  • Maharashtra Electricity Regulatory Commission - India
  • Ceylon Electricity Board - Sri Lanka
  • CIMB Investment Bank - Malaysia
  • Kideco Jaya Agung - Indonesia
  • U S Energy Resources
  • Neyveli Lignite Corporation Ltd, - India
  • SRK Consulting
  • Cebu Energy, Philippines
  • Oldendorff Carriers - Singapore
  • Eastern Coal Council - USA
  • Cardiff University - UK
  • Platou - Singapore
  • Kapuas Tunggal Persada - Indonesia
  • Thai Mozambique Logistica
  • Coal and Oil Company - UAE
  • SASOL - South Africa
  • Japan Coal Energy Center
  • ANZ Bank - Australia
  • Wood Mackenzie - Singapore
  • Coastal Gujarat Power Limited - India
  • Gupta Coal India Ltd
  • ASAPP Information Group - India
  • Port Waratah Coal Services - Australia
  • Attock Cement Pakistan Limited
  • The State Trading Corporation of India Ltd
  • NALCO India
  • Essar Steel Hazira Ltd - India
  • KPMG - USA
  • Vale Mozambique
  • South Luzon Thermal Energy Corporation
  • Total Coal South Africa
  • Bulk Trading Sa - Switzerland
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Bahari Cakrawala Sebuku - Indonesia
  • TGV SRAAC LIMITED, India
  • Thiess Contractors Indonesia
  • Parliament of New Zealand
  • Salva Resources Pvt Ltd - India
  • Eastern Energy - Thailand
  • Xindia Steels Limited - India
  • Petrosea - Indonesia
  • Lanco Infratech Ltd - India
  • Merrill Lynch Bank
  • AsiaOL BioFuels Corp., Philippines
  • Meralco Power Generation, Philippines
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Sinarmas Energy and Mining - Indonesia
  • CNBM International Corporation - China
  • GVK Power & Infra Limited - India
  • Noble Europe Ltd - UK
  • Thailand Anthracite
  • Samsung - South Korea
  • EIA - United States
  • Freeport Indonesia
  • Coalindo Energy - Indonesia
  • Indorama - Singapore
  • Semirara Mining Corp, Philippines
  • Arutmin Indonesia
  • Savvy Resources Ltd - HongKong
  • J M Baxi & Co - India
  • The Treasury - Australian Government
  • PetroVietnam Power Coal Import and Supply Company
  • PNOC Exploration Corporation - Philippines
  • Tanito Harum - Indonesia
  • GB Group - China
  • Arch Coal - USA
  • Semirara Mining and Power Corporation, Philippines
  • Petron Corporation, Philippines
  • The India Cements Ltd
  • Kaltim Prima Coal - Indonesia
  • Baramulti Group, Indonesia
  • Clarksons - UK
  • OCBC - Singapore
  • Ministry of Finance - Indonesia
  • Surastha Cement
  • Shenhua Group - China
  • Australian Coal Association
  • Australian Commodity Traders Exchange
  • Wilmar Investment Holdings
  • Chamber of Mines of South Africa
  • San Jose City I Power Corp, Philippines
  • SUEK AG - Indonesia
  • Mercator Lines Limited - India
  • GHCL Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • bp singapore
  • PowerSource Philippines DevCo
  • Glencore India Pvt. Ltd
  • Adani Power Ltd - India
  • IBC Asia (S) Pte Ltd
  • Tata Power - India
  • Mitra SK Pvt Ltd - India
  • Standard Chartered Bank - UAE
  • TNPL - India
  • Barclays Capital - USA
  • Grasim Industreis Ltd - India
  • Indogreen Group - Indonesia
  • Kumho Petrochemical, South Korea
  • CoalTek, United States
  • Kobe Steel Ltd - Japan
  • MS Steel International - UAE
  • Anglo American - United Kingdom
  • Formosa Plastics Group - Taiwan
  • Antam Resourcindo - Indonesia
  • PLN - Indonesia
  • Riau Bara Harum - Indonesia
  • Thermax Limited - India
  • Tata Chemicals Ltd - India
  • Ernst & Young Pvt. Ltd.
  • Argus Media - Singapore
  • Peabody Energy - USA
  • Cemex - Philippines
  • Enel Italy
  • Economic Council, Georgia
  • Orica Australia Pty. Ltd.
  • Timah Investasi Mineral - Indoneisa
  • SMG Consultants - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Iligan Light & Power Inc, Philippines
  • Pinang Coal Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • ACC Limited - India
  • GMR Energy Limited - India
  • Renaissance Capital - South Africa
  • Africa Commodities Group - South Africa
  • Coeclerici Indonesia
  • Energy Development Corp, Philippines
  • Gujarat Sidhee Cement - India
  • Gresik Semen - Indonesia
  • TANGEDCO India
  • Independent Power Producers Association of India
  • Ince & co LLP
  • Coaltrans Conferences
  • Heidelberg Cement - Germany
  • Indo Tambangraya Megah - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Bayan Resources Tbk. - Indonesia
  • HSBC - Hong Kong
  • Jorong Barutama Greston.PT - Indonesia
  • World Coal - UK
  • Straits Asia Resources Limited - Singapore
  • Kobexindo Tractors - Indoneisa
  • McConnell Dowell - Australia
  • BNP Paribas - Singapore
  • Bangladesh Power Developement Board
  • Aditya Birla Group - India
  • Kohat Cement Company Ltd. - Pakistan
  • ETA - Dubai
  • GN Power Mariveles Coal Plant, Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • UOB Asia (HK) Ltd
  • Indian Oil Corporation Limited
  • European Bulk Services B.V. - Netherlands
  • Platts
  • Planning Commission, India
  • Vedanta Resources Plc - India
  • Mercuria Energy - Indonesia
  • Indonesian Coal Mining Association
  • Jatenergy - Australia
  • OPG Power Generation Pvt Ltd - India
  • Deloitte Consulting - India
  • Directorate Of Revenue Intelligence - India
  • Jaiprakash Power Ventures ltd
  • Altura Mining Limited, Indonesia
  • Mintek Dendrill Indonesia
  • Aboitiz Power Corporation - Philippines
  • Samtan Co., Ltd - South Korea
  • Mitsubishi Corporation
  • Asia Cement - Taiwan
  • Geoservices-GeoAssay Lab
  • Dalmia Cement Bharat India
  • Humpuss - Indonesia
  • Idemitsu - Japan
  • SMC Global Power, Philippines
  • Pipit Mutiara Jaya. PT, Indonesia
  • Xstrata Coal
  • Sindya Power Generating Company Private Ltd
  • Rio Tinto Coal - Australia
  • Ind-Barath Power Infra Limited - India
  • Metalloyd Limited - United Kingdom
  • Sical Logistics Limited - India
  • Central Java Power - Indonesia
  • Edison Trading Spa - Italy
  • Qatrana Cement - Jordan
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Pendopo Energi Batubara - Indonesia
  • Bank of America
  • Reliance Power - India
  • Barasentosa Lestari - Indonesia
  • PLN Batubara - Indonesia
  • JPower - Japan
  • Manunggal Multi Energi - Indonesia
  • Intertek Mineral Services - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Sakthi Sugars Limited - India
  • Vitol - Bahrain
  • Interocean Group of Companies - India
  • Siam City Cement - Thailand
  • Thriveni
  • Holcim Trading Pte Ltd - Singapore
  • Global Business Power Corporation, Philippines
  • Bukit Baiduri Energy - Indonesia
  • Bhatia International Limited - India
  • Vizag Seaport Private Limited - India
  • UBS Singapore
  • Agrawal Coal Company - India
  • Cement Manufacturers Association - India
  • Malabar Cements Ltd - India
  • Berau Coal - Indonesia
  • APGENCO India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Karaikal Port Pvt Ltd - India
  • DBS Bank - Singapore
  • Thomson Reuters GRC
  • Central Electricity Authority - India
  • Alfred C Toepfer International GmbH - Germany
  • International Coal Ventures Pvt Ltd - India
  • KPCL - India
  • Kartika Selabumi Mining - Indonesia
  • Fearnleys - India
  • Meenaskhi Energy Private Limited - India
  • Goldman Sachs - Singapore
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • McKinsey & Co - India
  • Larsen & Toubro Limited - India
  • Merrill Lynch Commodities Europe
  • India Bulls Power Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • Adaro Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Infraline Energy - India
  • KEPCO - South Korea
  • Malco - India
  • Globalindo Alam Lestari - Indonesia
  • Bank of China, Malaysia
  • CESC Limited - India
  • Cosco
  • Bharathi Cement Corporation - India
  • WorleyParsons
  • Mitsui
  • Indian School of Mines
  • Kepco SPC Power Corporation, Philippines
  • Rudhra Energy - India
  • Billiton Holdings Pty Ltd - Australia
  • Inspectorate - India
  • Posco Energy - South Korea
  • Maersk Broker
  • IMC Shipping - Singapore
  • Permata Bank - Indonesia
  • Marubeni Corporation - India
  • Directorate General of MIneral and Coal - Indonesia
  • Credit Suisse - India
  • Deutsche Bank - India
  • Kalimantan Lumbung Energi - Indonesia
  • Minerals Council of Australia
  • Chettinad Cement Corporation Ltd - India
  • Asmin Koalindo Tuhup - Indonesia
  • Sucofindo - Indonesia
  • Asian Development Bank
  • Therma Luzon, Inc, Philippines
  • NTPC Limited - India
  • Maybank - Singapore
  • Moodys - Singapore
  • Indika Energy - Indonesia
  • Mechel - Russia
  • Rashtriya Ispat Nigam Limited - India
  • Inco-Indonesia
  • Cargill India Pvt Ltd
  • World Bank
  • PetroVietnam
  • Ambuja Cements Ltd - India
  • Global Coal Blending Company Limited - Australia
  • Maheswari Brothers Coal Limited - India
  • Ministry of Transport, Egypt
  • Banpu Public Company Limited - Thailand
  • Makarim & Taira - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Jindal Steel & Power Ltd - India
  • TeaM Sual Corporation - Philippines
  • Shree Cement - India
  • PTC India Limited - India
  • Tamil Nadu electricity Board
  • SGS (Thailand) Limited
  • Price Waterhouse Coopers - Russia
  • Carbofer General Trading SA - India
  • Britmindo - Indonesia
  • Siam City Cement PLC, Thailand
  • White Energy Company Limited
  • RBS Sempra - UK
  • BRS Brokers - Singapore
  • Parry Sugars Refinery, India
  • CCIC - Indonesia
  • Maruti Cements - India
  • VISA Power Limited - India
  • Runge Indonesia
  • Power Finance Corporation Ltd., India
  • Bhushan Steel Limited - India
  • Latin American Coal - Colombia
  • Borneo Indobara - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Commonwealth Bank - Australia
  • Singapore Mercantile Exchange
  • Toyota Tsusho Corporation, Japan
  • TRAFIGURA, South Korea
  • Binh Thuan Hamico - Vietnam
  • Sarangani Energy Corporation, Philippines
  • Global Green Power PLC Corporation, Philippines
  • Videocon Industries ltd - India
  • Bangkok Bank PCL
  • Mjunction Services Limited - India
  • Star Paper Mills Limited - India
  • MEC Coal - Indonesia
  • ICICI Bank Limited - India
  • Coal India Limited
  • EMO - The Netherlands
  • Orica Mining Services - Indonesia
  • Uttam Galva Steels Limited - India
  • Sojitz Corporation - Japan
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Russian Coal LLC
  • Trasteel International SA, Italy
  • Karbindo Abesyapradhi - Indoneisa
  • JPMorgan - India
  • ING Bank NV - Singapore
  • London Commodity Brokers - England
  • Energy Link Ltd, New Zealand
  • Bhoruka Overseas - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Georgia Ports Authority, United States
  • Bukit Makmur.PT - Indonesia
  • Panama Canal Authority
  • Electricity Generating Authority of Thailand
  • IEA Clean Coal Centre - UK
  • GAC Shipping (India) Pvt Ltd
  • Ministry of Mines - Canada
  • GNFC Limited - India
  • Romanian Commodities Exchange
  • The University of Queensland
  • IOL Indonesia
  • Medco Energi Mining Internasional