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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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Thursday, 16 May 19
SUPRAMAX: INDO/CHINA COAL RV TRADING AROUND US$ 9,000 BSS S.CHINA DELIVERY - FEARNLEYS
Capesize
This volatile segment is trying to find a clear direction from the present US$ 12,000/day earnings for standard units says Fearnleys W ...
Wednesday, 15 May 19
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
Modern warfare - Trade wars & sanctions
As of May 1st, the U.S. has ended waivers to the sanctions that had allowed the top buyers of Irani ...
Monday, 13 May 19
INDONESIAN COAL PRICE REFERENCE CONTINUES TO FALL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Monday, 13 May 19
SUPRAMAX: SOUTHEAST ASIA THE MARKET SAW BETTER DEMAND - BALTIC BRIEFING
Cape
The market continued its rollercoaster ride last week opening with negative sentiment, but turning around in dramatic fashion by the week& ...
Thursday, 09 May 19
DEEP OFFSHORE SOUTHEAST ASIA CONGRESS 2019
Deep Offshore Southeast Asia Congress 2019
Event Date:2-3th July. 2019t
Location: Jakarta, Indonesia
Sarawak Shell Berhad (S ...
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- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Posco Energy - South Korea
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Planning Commission, India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
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