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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, 07 November 17
DRY BULK SHIPPING: TAKE GOOD CARE OF THE RECOVERY SAYS PETER SAND
Demand:
Even without much support from Brazilian iron ore exports during August, capesize rates went from $10,000 to $17,000 per day. In Septembe ...
Tuesday, 07 November 17
COAL MARKETS WERE RELATIVELY BUOYANT - DANIEL HYNES
Coal markets were relatively buoyant. Metallurgical coal prices were supported by the stronger steel and iron ore prices, says Daniel Hynes, Senior ...
Tuesday, 07 November 17
PROSPERITY AND WINTER WARMTH REMAIN PARAMOUNT IN CHINA - JEFFREY LANDSBERG
Chinese officials announced recently that 580 gigawatts of coal-derived electricity generation capacity has completed ultra-low emissions reform as ...
Monday, 06 November 17
COAL SHORTAGE HURTS INDIA'S HINDALCO AND VEDANTA SAYS BUSINESS STANDARD
Aluminium smelter operations of Vedanta and Hindalco are at risk of turning unviable due to a coal crunch.
According to Business Standard an I ...
Monday, 06 November 17
MARINE BUNKER EXCHANGE EXPECTS BUNKER PRICES WILL CONTINUE UPWARD TREND NEXT WEEK
World fuel indexes rose during the week, supported by main oil producers’ statements about possible extension of oil production cut agreement ...
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Showing 1891 to 1895 news of total 6871 |
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- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Indika Energy - Indonesia
- The University of Queensland
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
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