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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, 26 January 23
AUSTRALIA'S CORONADO GLOBAL SEES COAL PRICES RISING ON RESUMING CHINA IMPORTS - REUTERS
Australia’s Coronado Global Resources said on Tuesday resuming metallurgical coal imports to China would likely push sea-borne coal prices hi ...
Monday, 23 January 23
CHINA'S MAJOR COAL-PRODUCING PROVINCE ACCELERATES DIGITAL TRANSFORMATION - XINHUA
At Chindata Group’s big-data industrial park in Lingqiu County of Datong City, hundreds of thousands of servers are running round-the-clock t ...
Monday, 23 January 23
CHINA'S COAL-RICH PROVINCE SEES COAL PRODUCTION INCREASE IN 2022 - XINHUA
North China’s coal-rich province of Shanxi saw its coal production hit 1.31 billion tonnes in 2022, up 8.7 percent year on year, local author ...
Wednesday, 18 January 23
MARKET INSIGHT - INTERMODAL
From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in place from Dec. 3. ...
Tuesday, 17 January 23
FRAUD IS THE BIGGEST THREAT TO CARGO LOSSES - TT CLUB
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within ...
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- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- The University of Queensland
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- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
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- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- CNBM International Corporation - China
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- Ministry of Mines - Canada
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- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
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- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- PowerSource Philippines DevCo
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- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Planning Commission, India
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Indika Energy - Indonesia
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