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Tuesday, 20 March 18
SHIPPING MARKET ANALYSIS - GEORGE LAZARIDIS
 It has been a chilling start to the week for the global economy, with the vast majority of stock exchanges noting a fair drop, after a series of sell offs in the technology sector.
According to George Lazaridis, Head of Research & Valuations of Allied Shipping, at the face of it, it may well sound as if this is something restricted to an industry which is disconnected in its most part from the shipping industry. However, in part these tremors being noted in the form of price drops in equities are tied in part to the overall friction being seen in global trade. It has been just over two weeks since US President Donald Trump announced import tariffs on steel and aluminum, and the geopolitical aftershocks are still being felt. The period just after the announcement seems to be mainly characterized by a number of countries, including but not limited to Australia, the European Union and Japan, pushing to win exemptions from these newly announced tariffs. Yet, things seem to be taking a darker tone now, with a number of these countries now vowing to act through reprisal levies and tariffs on US imports.
George Lazaridis further noted that, as an overall read-through, the main note that most of us in shipping have taken is that these current tariffs have a limited direct effect on shipping markets. China, which is the leading producer of both these commodities has a minute share in the overall imports entering the US, despite the fact that the US President has focused on China in his usual populist rhetoric with regards to trade. China’s exports of steel and aluminum to the US amount to only just 0.03% of its GDP, while it only makes up around 4% of total steel imports into the US. The biggest threat has been to the US market’s main suppliers, which are the European Union, Canada, S. Korea, Mexico, Brazil and Japan, with Canada and Mexico having for the moment escaped the current levies as part of the ongoing negotiations with regards to the NAFTA trade agreement.
George Lazaridis Allied noted that, the majority of the rest seem to be taking the option of retaliatory levies quite seriously, while despite China being relatively unaffected for the time being, they have also joined in the general discussion proactively, possibly taking this opportunity to proclaim themselves as defenders of free trade.
The risk of a wider trade war sparking off does lay in the realm of possibility right now, yet even if things were to escalate to such a level, the negative effects on shipping would most likely come in the form of gradual waves. Under such a scenario we would likely see most retaliatory tariffs and levies being placed on finished final goods, possibly causing a disturbance on the containership market first and limited to mainly this sector in the initial phase. It would take a while before we would see a gradual slump emerge on the demand for raw materials, as the overall slump in global demand for finished products would slowly push purchasing managers to cut back their requirements.
This all sounds like a dire scenario indeed and most would be in angst as to the actual probability of such a series of events pulling through, especially given that we have only just started to see a favourable environment emerge in terms of global trade. The general thought and hope for the time being is that to some degree the US President will back down having been brought to his senses in a similar fashion to how back in the early 2000’s George W Bush eventually backed down on his protectionist steel-tariff plan. Lets hope things aren’t taken too far too quickly and we miss the point of no return.
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Thursday, 10 June 21
INDONESIA COAL EARNINGS RECOVERY TO SLOW AFTER STRONG 1Q - FITCH RATINGS
Fitch Ratings expects the recovery in operating and financial performance of Indonesian coal miners and coal contractors to slow during rest of 202 ...
Thursday, 10 June 21
U.S. COAL PRODUCTION TO TOTAL 600 MMST IN 2021, 11% MORE THAN IN 2020 - EIA
EIA expects U.S. coal production to total 600 million short tons (MMst) in 2021, which is 61 MMst (11%) more than in 2020.
The increase is dri ...
Wednesday, 09 June 21
SHIPTEK INTERNATIONAL CONFERENCE & AWARDS 2021
The In-Person Maritime Event
SHIPTEK INTERNATIONAL CONFERENCE & AWARDS 2021
culminates successfully in Dubai
Press Release: ...
Wednesday, 09 June 21
MARKET INSIGHT - INTERMODAL
“Counter cyclical investments.” usually take place by investing in a “bad” market at the point that ensures that the acquir ...
Saturday, 05 June 21
KOMIPO INVITED 5600 NAR COAL OFFERS FOR THREE YEARS SUPPLY; 520,000 MT PER YEAR
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
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- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Videocon Industries ltd - India
- MS Steel International - UAE
- Parliament of New Zealand
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
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