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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, 25 December 19
COVER FOR WAR AND TERRORISM RISKS, AND COVER IN RESPECT OF BIOLOGICAL AND BIO-CHEMICAL WEAPONS - 2020 POLICY YEAR: AMERICAN CLUB
KNOWLEDGE TO ELEVATE
This Circular describes the arrangements which have been made to provide special cover for war and terrorism risks, and c ...
Wednesday, 25 December 19
EXHAUST GAS CLEANING SYSTEMS (SCRUBBER) GUIDANCE - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In a few weeks, IMO’s ‘global sulphur cap’ will take effect. The permitted levels of SOx in ship emissi ...
Wednesday, 25 December 19
INDONESIAN BUKIT ASAM TARGETS TO MINE 30 MLN T OF COAL IN 2020 - REUTERS
Indonesian state-owned coal miner PT Bukit Asam targets to produce around 30 million tonnes of coal in 2020, compared with an estimate of 28.5 mill ...
Wednesday, 25 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
As another year in the shipping industry is coming to an end, it is interesting to look at the dry bulk and tanker markets and how these performed ...
Monday, 23 December 19
VLSFO PRICING & AVAILABILITY NEEDS CAREFUL WATCHING - INTEGR8 FUELS
As we approach January 1st 2020 , the VLSFO price premium to HSFO has widened considerably
We are clearly well into the IMO 2020 transition; ch ...
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Showing 1226 to 1230 news of total 6871 |
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- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- The University of Queensland
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
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