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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, 01 May 18
SUPRAMAX: COAL RUNS, A 61,000-DWT WAS FIXED BASIS DELIVERY SURABAYA, FOR A TRIP VIA INDONESIA, RE-DELIVERY INDIA AT $15,000 - BALTIC BRIEFING
Capesize
Rates eased in the East, as the week closed out with the momentum slowing. Levels on the key West Australia/China run dropped to $7.25 ...
Tuesday, 01 May 18
GLOBAL MINER PEABODY EYES SALES OPPORTUNITY IN INDIA’S RISING COAL IMPORTS - BUSINESS STANDARD
Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president a ...
Saturday, 28 April 18
STRONG ASIAN DEMAND CONTINUES TO HOLD UP THERMAL COAL MARKETS - REUTERS
Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding ...
Friday, 27 April 18
PEABODY ENERGY'S REVENUES FOR THE FIRST QUARTER ROSE 10 PERCENT OVER THE PRIOR YEAR TO $1.46 BILLION
Peabody Energy's revenues for the first quarter rose 10 percent over the prior year to $1.46 billion driven by improved seaborne coal pricing a ...
Thursday, 26 April 18
BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exc ...
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Showing 1731 to 1735 news of total 6871 |
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- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
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