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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, 10 April 19
KOSPO INVITED BIDS FOR 160K MT OF MIN. 3700 NCV COAL FOR JUNE LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 160,000 MT of min. 3,800 Kcal/kg ~max.4,100 ...
Wednesday, 10 April 19
CHINA'S GROWING THERMAL COAL SUPPLY TO PRESSURE EXPORTERS - FITCH RATINGS
Growing Chinese thermal coal supply is likely to lead to further tightening of import controls by the government, putting pressure on seaborne coal ...
Wednesday, 10 April 19
SHIPPING MARKET INSIGHT - INTERMODAL
The tragedy in Brazil’s Vale Brumadinho where a tailings dam collapsed in January ranks among the world’s worst mining disasters. It co ...
Monday, 08 April 19
5TH INDIA NUCLEAR NEW BUILD CONGRESS 2019
5th India Nuclear New Build Congress 2019
The congress in Mumbai aims to bring together representatives from governments, regulators ...
Monday, 08 April 19
THERMAL COAL PRICES FALL, INDIAN POWER PLANTS TO SEE LIMITED GAINS - BUSINESS STANDARD
Thermal coal prices are on a downward spiral globally. Australian coal prices have fallen nearly 20 per cent in the past week, and 40 per cent from ...
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Showing 1426 to 1430 news of total 6871 |
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- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- White Energy Company Limited
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
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