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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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Monday, 04 November 19
COAL INDIA'S OCTOBER PRODUCTION MAY FALL 20% - PTI
Coal India’s production in October is likely to be 19-20 per cent lower at about 40 million tonne, as compared to 49.77 million tonne produce ...
Monday, 04 November 19
PANAMAX: WEAKER SENTIMENTS CONTINUED FROM LAST WEEK, WITH RATES FURTHER SOFTENING IN BOTH BASINS - BALTIC BRIEFING
Capesize
The Capesize market meandered slightly upwards this week before giving back much of its gains mid-week. Opening the week at $24,945, t ...
Thursday, 31 October 19
U.S. COAL-FIRED POWER PLANTS SCHEDULED TO SHUT - REUTERS
U.S. power companies expect to retire or convert from coal to gas over 13,800 megawatts (MW) of coal-fired plants in 2019 after shutting over 13,30 ...
Thursday, 31 October 19
SE ASIA MAY BECOME NET FOSSIL FUEL IMPORTER IN COMING YEARS - IEA
Southeast Asia is set to become a key driver of world energy trends over the next 20 years as its energy demand grows at twice the global average, ...
Monday, 28 October 19
ULTRAMAX: ASIA RATES REMAINED UNDER PRESSURE WITH THE NORTH LACKING FRESH ENQUIRY - BALTIC BRIEFING
Capesize
The end of the week brought about a small increase in sentiment heading into a long weekend for some regions. After sustaining a drop ...
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Showing 1296 to 1300 news of total 6871 |
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- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- The University of Queensland
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
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