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Sunday, 21 February 21
ANZ DIVESTING FROM THE WORLD’S LARGEST COAL EXPORT PORT IS 'PRAGMATISM' - IEEFA
The biggest buyers of Australian thermal coal have committed to net-zero emissions
ANZ, Australia’s third largest bank, has decided to stop lending to the Port of Newcastle, the world’s largest thermal coal export terminal, under its new climate change policy to cut funding to the coal sector, including the associated infrastructure and service providers.
To look at the background to the bank’s divestment, Barometer’s Des Lawrence spoke with IEEFA’s Tim Buckley, Director of Energy Finance, Australia/South Asia.
Buckley says ANZ made an “entirely pragmatic decision” due to concerns that the port’s legal constraint, imposed by the NSW Premier, prevents it from diversifying – such that the port will become a stranded asset as the world rapidly moves away from thermal coal. A point that was made abundantly clear when the biggest buyers of Australian thermal coal, Japan, China and South Korea, committed to net-zero emissions last year.
“ANZ has a fiduciary duty to manage the risk-adjusted returns for all of its shareholders. It has to make sure that it is not financing stranded assets and left holding the can when ultimately the business it is financing is unable to deliver the returns it promised, pay the interest it committed to paying and most importantly, take back the capital involved,” he says.
“This is harsh, but all about a long-term capital management strategy.”
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Wednesday, 03 February 21
MARKET INSIGHT - INTERMODAL
"2020 the year from hell for the entire world, had everything for shipowners. The introduction of the sulphur cap and VLSFO, a Pandemic outbre ...
Tuesday, 02 February 21
WILL THE ELECTRONIC B/L BE FULLY IMPLEMENTED? FIVE POINTS TO CONSIDER - MOL
KNOWLEDGE TO ELEVATE
The trend towards digitization of Bills of Lading (B/L) has begun to attract attention in the trade and shipping industrie ...
Monday, 01 February 21
A 56,000-DWT OPEN MANILA WAS FIXED FOR A TRIP VIA INDONESIA REDELIVERY CHINA AT $11,500 - THE BALTIC BRIEFING
Capesize
The Capesize routes endured a week of slippage on rates, bringing the market back down to levels seen at the beginning of the month. D ...
Monday, 01 February 21
PAKISTAN: COAL DEMAND EXPECTED TO SPIKE IN 2021 - DAWN
Coal demand is expected to remain upbeat in 2021 as more coal-fired and captive power plants are coming up in the current year.
Acco ...
Friday, 29 January 21
COAL EXPORTS FROM AUSTRALIA TO MAINLAND CHINA DECLINED BY -22.2% Y-O-Y IN 2020 - BANCHERO COSTA
In the 12 months of 2020, global seaborne coal trade declined by as much as -12.7% year-on-year, according to vessel tracking data from Refinitiv, ...
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- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
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