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Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
 The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and sustained strength in crude palm oil (CPO) prices, Fitch Ratings says. Biodiesel is now much more expensive than regular diesel, and the subsidies drawn from an industry fund to promote biodiesel production and use have been increasing.
We estimate that the industry fund will be able to subsidise only around 8 million kilolitres (kl) of biodiesel, compared with the government's target of use of 9.6 million kl in 2020, in the absence of other measures. This suggests that Indonesia may miss its target for 2020. Also, the outlook for biodiesel demand in 2021 and CPO export levies, which contribute to the fund, is uncertain.
We think the government may scale down its plans to increase biodiesel use in Indonesia, take steps to raise collections for the industry fund through higher palm oil export levies or trim subsidies given to biodiesel producers. These actions will not only affect such producers, but are also likely to affect CPO prices and the broader palm oil industry.
Among rated names, Golden Agri-Resources Ltd. (GAR), whose consolidated profile is the basis for the rating of subsidiaries, PT Ivo Mas Tunggal and PT Sawit Mas Sejahtera (both rated A-(idn)/Stable), and PT Tunas Baru Lampung Tbk (TBLA, B+/A(idn)/Negative) have significant biodiesel capacities and it contributes significantly to revenue.
Source: FITCH
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Monday, 04 January 21
U.S. RENEWABLE ENERGY CONSUMPTION SURPASSES COAL FOR THE FIRST TIME IN OVER 130 YEARS - EIA
In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885, according to the U.S ...
Monday, 04 January 21
BLISS FOR SHIPOWNERS! DAMAGES MAY BE CLAIMED IN ADDITION TO DEMURRAGE FOR VOYAGE CHARTERPARTY DELAY - WFW
KNOWLEDGE TO ELEVATE
In a significant decision for the maritime sector, The Eternal Bliss[1], the English Commercial Court has resol ...
Sunday, 03 January 21
INDIA: COMMERCE MINISTRY LAUNCHES COAL IMPORT MONITORING SYSTEM - PTI
CIMS shall require importers to submit advance information in an online system for imports of items and obtain an automatic registration number by ...
Wednesday, 30 December 20
A LOOK BACK INTO 2020: THE HEADWINDS, THE TAILWINDS AND EVERYTHING IN BETWEEN - SIGNAL
There is no doubt that 2020 has been a turbulent year for commercial shipping. The coronavirus pandemic has shaken the global maritime transport. T ...
Tuesday, 29 December 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.66 PCT - XINHUA
China Taiyuan coal transaction price index stood at 134.78 points Monday, up 0.66 percent week on week.
The index, released by China ...
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- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
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