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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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Tuesday, 03 March 20
IMPORTANCE OF MASTER'S CARGO CHECKS - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
Adecision in recent High Court case has made it clear that there is no implied indemnity from a charterer to their counte ...
Tuesday, 03 March 20
COAL'S SHARE OF CHINA ENERGY MIX FALLS IN 2019 BUT CONSUMPTION STILL RISING - REUTERS
Coal accounted for 57.7% of China’s primary energy consumption in 2019, the National Bureau of Statistics said on Friday, down 1.5 percentage ...
Monday, 02 March 20
SHIPOWNERS AND OPERATORS COULD FACE DETENTION OF SHIPS FROM 1ST MARCH UNDER IMO RULE - ICS
Port state control authorities will begin to enforce the IMO’s Sulphur 2020 from 1st March, making it an offense for ships to carry fuel that ...
Saturday, 29 February 20
SUPRAMAX SENTIMENT WAS UP IN A FEW KEY AREAS OVER THE LAST WEEK - BALTIC BRIEFING
Capesize
The Capesize market woes related to Coronavirus have now spread through the wider global markets like wildfire. The wider supply and d ...
Thursday, 27 February 20
FOREIGN COMPANIES LIKELY TO SKIP COMMERCIAL COAL BLOCK AUCTIONS - ECONOMIC TIMES
The Centre is in the process of inviting global players for commercial mining, following 100% foreign direct investment in the sector. However, giv ...
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Showing 1101 to 1105 news of total 6871 |
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- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
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