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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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Friday, 21 February 20
INDIA: POTENTIAL INVESTORS SEEK MORE CLARITY ON COMMERCIAL COAL MINING NORMS - FINANCIAL EXPRESS
Potential private investors have sought more clarity on the pricing mechanism proposed for the much-anticipated auction for commercial coal mining. ...
Thursday, 20 February 20
CHINA RESUMES OVER 70 PCT COAL PRODUCTION CAPACITY AMID EPIDEMIC - XINHUA
China has resumed 70.2 percent of its coal production capacity with output recovering steadily amid the fight against the novel coronavirus epidemi ...
Thursday, 20 February 20
CHINA THERMAL COAL MARKET FACES 2-3 MONTH CORONAVIRUS SHORT SQUEEZE: NOBLE - REUTERS
China’s domestic thermal coal market faces a 2-3 month short squeeze as a rapidly spreading coronavirus outbreak curtails production more tha ...
Wednesday, 19 February 20
KOREA MIDLAND POWER INVITED BIDS FOR 1 MILLION TONS OF HCV AND LCV COAL FOR Q2- Q4 LOADING
COALspot.com: Korea Midland Power Co. Ltd, (KOMIPO). has issued an international tender for total 1 million MT of coal for April to December 2020 l ...
Wednesday, 19 February 20
GLENCORE WRITES OFF ALMOST $1 BILLION AT COLOMBIAN COAL MINES DUE TO FALLING EUROPEAN IMPORTS: BLOOMBERG
The economic case against European coal is proving too much for even Glencore Plc.
The world’s biggest coal shipper cut the va ...
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- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
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