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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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Tuesday, 11 December 18
SHIPPING MARKET ANALYSIS - ALLIED
A lot of discussions have been made as to the effects of the IMO 2020 regulation on OPEX levels, investment feasibility of& ...
Tuesday, 11 December 18
PORT OF NEWCASTLE SHIPPED 10.849 MMT OF COAL IN NOVEMBER DOWN 23.44 PERCENT MOM
COALspot.com: The Port of Newcastle, Australia’s major trading port and the world’s largest coal export port has shipped A$ 1,574.8 mil ...
Thursday, 06 December 18
IN THE EAST, BIGGER SUPRA WAS FIXED CA US$ 10K FOR INDO-CHINA COAL ROUND - FEARNLEYS
Capesize
There is cautious optimism for the Capes, with healthier volumes and improving rates in the Pacific. West Australia round is gradually ...
Thursday, 06 December 18
U.S. COAL CONSUMPTION IN 2018 EXPECTED TO BE THE LOWEST IN 39 YEARS - EIA
EIA expects total U.S. coal consumption in 2018 to fall to 691 million short tons (MMst), a 4% decline from 2017 and the lowest level since 1979. U ...
Thursday, 06 December 18
DEMAND RISKS WEIGH ON GLOBAL SHIPPING SECTOR OUTLOOK - FITCH RATINGS
The global shipping sector outlook remains negative reflecting the demand-side risks of protectionism and slower economic growth, Fitch Ratings say ...
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- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Marubeni Corporation - India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- The University of Queensland
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Planning Commission, India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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