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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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Thursday, 10 September 20
DRY BULK SHIPPING: CHINA'S DEMAND KEEPING THE DRY BULK MARKET GOING - PETER SAND | BIMCO
Overview
An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the wo ...
Thursday, 10 September 20
TANKER SHIPPING: FREIGHT RATES BACK AT LOSS-MAKING LEVELS AFTER 12 VERY PROFITABLE MONTHS - BIMCO
Overview
A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil product ...
Thursday, 10 September 20
INDIA'S COAL IMPORTS STUMBLE IN AUGUST, RAISING RISK OF SLOW RECOVERY - REFINITIV | BANCHERO COSTA
After posting a mild recovery in July, India's coal imports have stumbled in August as the South Asian nation battles to restart it ...
Thursday, 10 September 20
THE FIRST 8 MONTHS OF 2020, INDONESIA EXPORTED 217.4 MLN TONNES OF COAL BASED ON REFINITIV - BANCHERO COSTA
The coal market has been hit by a weaker global economy as a result of COVID-19 pandemic and falling industrial electricity demand  ...
Wednesday, 09 September 20
MARKET INSIGHT - INTERMODAL
The uneventful summer lull which is coming to an end soon has left its stigma on the newbuilding market, which has already been devastated by the g ...
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- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Economic Council, Georgia
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Marubeni Corporation - India
- Aditya Birla Group - India
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Planning Commission, India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- PTC India Limited - India
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
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