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Thursday, 31 March 22
IMPORTED COAL PRICES TO JUMP 55% IN APR-JUN, IMPACT INDIAN FIRMS: ICRA - LIVEMINT
Supply disruption owing to the Russia-Ukraine conflict could push the price of imported coal by 45-55% in Q1FY23 compared to the previous quarter, ICRA said on Monday, cautioning that coal prices are expected to stay elevated throughout the next financial year.
The sharp price rise assumes special significance as India’s coal stocks in the run-up to the peak summer months, as per the rating agency, remain quite low. Coal stocks this month in Coal India’s pitheads and thermal power generation stations at 74 mt was nearly half of what it had last year (128 mt).
“Prices of imported coal are poised to spike by 45-55% Q-o-Q in Q1 FY2023 as markets face supply disruption following the Russia-Ukraine conflict. Russia remains a key supplier of coal in the seaborne market, accounting for 17% and 10% of the international trade in thermal coal and coking coal respectively,” ICRA said in a report.
Besides, ICRA estimates that India’s domestic coal demand is expected to grow by a modest 5-6% in FY2023 owing to gradual recovery in economic activity.
The rating agency said that the price rise could “severely” impact domestic users of imported coal. A growing number of Western power utilities are also looking to voluntarily place an embargo on Russian coal supplies, which is leading to disruptions in the normal coal trade flows, ICRA said.
The report also said that there is a possibility of the prevailing abnormally high international coal prices moderating as the seaborne market could gradually readjust to the new trade channels following the imposition of sanctions on Russia.
On Sunday, the Union Minister for Steel Ramchandra Prasad Singh said that India is leaning towards continuing to import coking coal from Russia.
Source: Livemint
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Tuesday, 23 August 22
SHIPPING INDUSTRY TO REMOVE THE INDIAN OCEAN HIGH RISK AREA - BIMCO
After more than a decade of effective threat-reducing counter-piracy operations the shipping industry has removed the ‘Indian Ocean High Risk ...
Tuesday, 23 August 22
SHIPPING: GLOBAL TAX REFORM - WATSON FARLEY & WILLIAMS
OECD rules designed to implement a global minimum corporate tax rate for very large multinational groups have now been published and are expected t ...
Tuesday, 23 August 22
PARTIES CONCLUDE JOINT R&D AGREEMENT FOR WORLD’S FIRST AMMONIA FLOATING STORAGE AND REGASIFICATION BARGE CONTRIBUTING TO PROMOTING THE EARLY INTRODUCTION OF AMMONIA FUEL - NYK
NYK Line, Nihon Shipyard Co., Ltd. (NSY), ClassNK, and IHI Corporation (IHI) signed a joint research and development agreement for the commercializ ...
Monday, 22 August 22
INDONESIAN GOVERNMENT IMPOSED ON NEW PROGRESSIVE ROYALTIES FOR COAL
Indonesian President Joko Widodo has signed a Government Regulation (Number 26 of 2022) on 15 August 2022 related to the progressive royalty rates ...
Monday, 22 August 22
CHINA'S JULY RUSSIAN COAL IMPORTS HIT 5-YR HIGH AS WEST SHUNS MOSCOW - REUTERS
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted c ...
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- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Planning Commission, India
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
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