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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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Sunday, 30 December 18
MAJOR LNG BUYERS' UNCONTRACTED DEMAND TO QUADRUPLE BY 2030 - WOOD MACKENZIE
Wood Mackenzie’s latest research reveals that uncontracted demand by the world’s seven largest LNG buyers could quadruple to 80 million ...
Saturday, 29 December 18
DELIVERY OF CARGO WITHOUT PRODUCTION OF THE ORIGINAL BILL OF LADING - TT CLUB
KNOWLEDGE TO ELEVATE
As the bill of lading is a document of title, a person presenting it to the carrier or its agent is ostensibly entitled t ...
Friday, 28 December 18
BIMCO 2020 SULPHUR CLAUSES: "A FAIR ALLOCATION OF RESPONSIBILITIES AND LIABILITIES'? - INCE & CO.
To assist owners and charterers to address the legal issues arising under any time charterparties, which will span the 1 January 2020 implementatio ...
Thursday, 27 December 18
DRY BULKERS SPOT FREIGHT MARKET W/E 21 DEC - ALLIED SHIPBROKING
Capesize
A negative week for the Capesize sector, as activity remained at low levels, especially in the Pacific, with rumors regarding agreed r ...
Thursday, 27 December 18
SHIPPING IS ENTERING A NEW ERA OF EVER CHALLENGING CONDITIONS - ALLIED
As we move closer to the end of the year and we look forward into New Year, we are still finding ourselves looking deep into a market outlook full ...
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Showing 1511 to 1515 news of total 6871 |
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- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- The University of Queensland
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Planning Commission, India
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
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