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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, 11 June 20
JAN-MAY, INDONESIA SHIPPED 175.15 MILLION TONS OF COAL TO ITS OVERSEAS BUYERS
Indonesia's coal production for the first 5 months of this year have reached 228 million tons. January – May 2020, Indonesia shipped US$ ...
Thursday, 11 June 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Wednesday, 10 June 20
OPEC+ CUTS EXTENSION TO ACCELERATE MARKET REBALANCING - FITCH RATINGS
Fitch Ratings-London-08 June 2020: The OPEC+ agreement to extend by one month record oil production cuts should accelerate market rebalancing, Fitc ...
Wednesday, 10 June 20
MARKET INSIGHT - INTERMODAL
In contrast to the economic projections of the past two years for the first half of 2020, the oil & gas industry and those involved in it faced ...
Wednesday, 10 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.19 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.71 points Monday, down 0.19 percent week on week.
The index, released by Chi ...
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- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Australian Coal Association
- Interocean Group of Companies - India
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Marubeni Corporation - India
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