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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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Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
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Showing 56 to 60 news of total 6871 |
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- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Australian Coal Association
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Planning Commission, India
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
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