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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, 12 April 19
OFFSHORE MENA CONGRESS 2019
Offshore MENA Congress 2019
Event Date : 11-12th Jun. 2019
Location : Cairo, Egypt
Offshore MENA Congress 2019 Offshor ...
Friday, 12 April 19
U.S : MORE THAN 7 GW OF COAL-FIRED GENERATION IS SCHEDULED TO RETIRE BY THE END OF 2020 - EIA
EIA estimates that U.S. coal production decreased by 19 million short tons (MMst) (2%) in 2018, totaling 756 MMst.
EIA also expects ...
Friday, 12 April 19
GLENCORE WINS $520 MILLION DEAL TO SELL COAL TO MEXICO - REUTERS
Global trader Glencore has won contracts worth around $520 million to supply 4.94 million tonnes of coal to Mexico, state-run power utility the Fed ...
Thursday, 11 April 19
AUSTRALIAN COAL IN THE FRONTLINE OF CHINA'S SUPPLY GLUT - AUSTRALIAN FINANCIAL REVIEW
Australian coal will be hardest hit as China cuts foreign imports of its key energy source to tackle oversupply, and implements policies favouring ...
Wednesday, 10 April 19
COALTRANS ASIA - TAKE PART IN THE LARGEST COAL EVENT IN THE WORLD!
Take part in the largest coal event in the world!
Coaltrans Asia is back this June bringing together the entire international coal s ...
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- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- White Energy Company Limited
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Planning Commission, India
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- The University of Queensland
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
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