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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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Wednesday, 04 March 20
MARKET INSIGHT - INTERMODAL
As it was expected, the whole world has been focusing on the spread of the Coronavirus, with the fast outbreak being primarily a massive humanitari ...
Wednesday, 04 March 20
CORONAVIRUS: A WILDCARD FOR BULKS DEMAND - WOOD MACKENZIE
The coronavirus is casting a shadow across commodity markets. It has undermined China’s economic sentiment, putting the country’s growt ...
Wednesday, 04 March 20
THERMAL COAL TO 'PHASE OUT', STRONG DEMAND FOR COKING COAL: PLATO - SYDNEY MORNING HERALD
Plato Investments managing director Don Hamson says Australian iron ore producers are set to benefit in the fallout from coronavirus as China will ...
Wednesday, 04 March 20
CHINA PROVINCE TO CLOSE 10 MLN TONNES OF COAL CAPACITY IN 2020 - XINHUA
Southwest China’s Guizhou Province plans to phase out 10 million tonnes of outdated coal production capacity by closing 80 coal mines in 2020 ...
Wednesday, 04 March 20
UKRAINE PRODUCED OVER 2.55 MLN TONNES OF COAL IN FEBRUARY - UKRINFORM
In February 2020, Ukraine produced over 2.55 million tonnes of coal, which is 0.2% less than planned.
The Coal Miners Union of Ukrai ...
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- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
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- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Minerals Council of Australia
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
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