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Tuesday, 29 September 20
INDONESIAN COAL COMPANIES' EARNINGS TO WEAKEN IN 2H20 - FITCH RATINGS
 Rated Indonesian coal miners and contractors will have weaker operating and financial performances in the second half of 2020 than in the first, says Fitch Ratings in a new report. Average selling prices and volumes for most of the companies will decline in 2H20 as we expect prices to remain subdued and demand to deteriorate for rest of the year.
Fitch revised down its Australia Newcastle 6,000kcal/kg assumptions in August 2020, followed by our Indonesian 4,200kcal (ICI4) estimates. Fitch is in the process of revising its rating case forecasts to incorporate our revised coal prices. Lower profitability will likely weaken 2020 credit metrics of most of the companies beyond our negative rating action triggers, although capex and cost flexibilities can help some issuers to manage their liquidity positions and credit profiles.
Most of the rated Indonesian coal miners and contractors saw 1H EBITDA supported by good performance in 1Q while 2Q results were muted due to lower coal prices and a marginal decline in sales volume. Coal prices and volumes in 1H20 were largely in line with our estimates. Coal shipments started slowing towards end-May, limiting the impact on volume during 2Q.
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Wednesday, 30 September 20
MARKET INSIGHT - INTERMODAL
Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the p ...
Tuesday, 29 September 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.73 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.91 points Monday, up 0.73 percent week on week.
The index, released by China ...
Tuesday, 29 September 20
SHIPPING MARKET - ALLIED
Here we are, just a short breath before the final quarter of the year, and many are now debating to what extent we can really expect a firm dry bul ...
Tuesday, 29 September 20
RUSSIA'S COAL PRODUCTION TO DROP BY 10.5% IN 2020, SAYS MINISTRY - TASS
Russia’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln ...
Monday, 28 September 20
NEW LNG PROJECTS - ALL DRESSED UP AND NO PLACE TO GO - WOOD MACKENZIE
It was meant to be another boom year. After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, at least as much capacity was lined up fo ...
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- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Planning Commission, India
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- White Energy Company Limited
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