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Tuesday, 30 May 17
MARKET ANALYSIS - GEORGE LAZARIDIS
 Despite the fair performance that has been noted in the Chinese economy over the past 5 months, we have started to see an increase in the skepticism and fear as to the upcoming prospects of the world’s second largest economy. In part the majority of this emerging sentiment has to do with some of the most recent figures coming out of China with regards to its imports, urging many to take further weight onto the idea that the recent tightening of financing and clearing out of excesses by the government has likely starting to lead to a further slowdown that has only just started to show face, said George Lazaridis of Allied Shipping in his latest weekly report.
Furthermore, it seems as though many have rushed to embrace this as a scenario, feeding with their preconceptions that the excessive debt problem in China and the bubble effects they have been mentioning several times over the past years in terms of real estate and financial markets have started to play their part.
Allied Shipping’s analyst further noted that often with these latter preconceptions is the connection with what we have seen historically in other emerging markets in the past and the most usual comparison is that of the course we witnessed back in the 1980’s in Japan’s economy. With the number of similarities now increasing even further as to how Japan’s economy failed before the bubble collapsed and the figures coming out of China today. China just like Japan back then, is now the world’s second-largest economy, supplying just over 20% of US imports (just as Japan did back in the 80’s) and providing 40 percent of the global economy’s annual growth. More importantly, many of the similarities relate to the debt held, with China’s total debt now holding at 2505 of GDP and non-financial corporate debt-to-GDP ratio reaching a total of 155%. To many the similarities are too great, confirming their affirmation that China’s economic behavior as a bubble-like market is unlikely to end well.
The analyst further said in his report, there are however some very notable differences. Chinese investment outside of China has not been limited to snapping up of western real estate and large corporations. Being an economy largely directed by its government with firm planning, there has been a great deal of investment that has taken place which is more in line with the policies undertaken by the United States in the start of the 20th Century, with a focus on securing raw resources as well as helping to beef up satellite emerging markets that could prove to be future consumers of its large-scale exports. At the same time, a large percentage of its economy is still in the grips of the government, as such allowing for more gradual smoothing and corrections to be made rather than a full out bubble burst. Obviously, this hasn’t always worked perfectly as the collapse of its stock market bubble in 2015 testifies. It seems as though there is a whole lot of investment being undertaken that has yet to bear fruits from which a more stable picture of the Chinese economy can emerge, yet as you look at the course of its market’s focus over the past 10 years, it has shown an ability to maneuver its targets and focus and find sources of growth beyond just the major developed economies such as the U.S. and Europe.
For the time being there has been a slowdown compared to the record production and import levels that were being noted earlier in the year, yet its engine of growth seems to still have plenty more momentum to go on at least for the near-term. Even if these fears are founded, it does not seem to be something of major concern, for now, he concluded.
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Thursday, 24 August 17
SUPRAMAX: LOW $10K FOR INDO COAL TRIPS TO INDIA; AROUND $10K FOR INDO TO CHINA TRIPS - FEARNLEYS
Supramax
This week Supras from the Black Sea on fhaul have seen numerous orders and improving rates.
53-57k dwt vessels have been fixed at e ...
Wednesday, 23 August 17
THE STRONG IRON ORE TRADE ROUTES SUPPORT CAPESIZE SEGMENT - INTERMODAL
The upward trend in the Capesize segment is definitely being supported by the strong momentum in the key iron ore trade routes. The price of high-q ...
Tuesday, 22 August 17
WHAT IS A RELEASE CALL?
KNOWLEDGE TO ELEVATE
Joining a mutual P&I Club means each Member shares in the fortunes of that Club and its membership. The continuity of ...
Tuesday, 22 August 17
THOSE DOG DAYS OF SUMMER STEEL PRODUCTION IN CHINA - COMMODORE
COALspot.com: One popular but inaccurate narrative that makes the rounds every June and July (and occurred again this year) is that China’s s ...
Monday, 21 August 17
BANPU REVEALS FIRST HALF 2017 WITH STRONG RESULTS; SUPPORTED BY HIGHER COAL PRICES
Banpu Reveals First Half 2017 with Strong Results from Higher Coal Prices Gearing Up to the Era of New Energy with Banpu Greener & Smarter Stra ...
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Showing 1961 to 1965 news of total 6871 |
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- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Ministry of Transport, Egypt
- Planning Commission, India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
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