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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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Friday, 27 October 17
U.S WEEKLY COAL PRODUCTION FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.9 million short tons ...
Thursday, 26 October 17
CYBER COVER FOR E-BILLS - PHILIP STEPHENSON
KNOWLEDGE TO ELEVATE
Increasingly popular electronic bills of lading are, by their nature, susceptible to the risk of cyber attack. Here, Stan ...
Thursday, 26 October 17
INDO TO CHINA ROUNDS SUPRAS ACHIEVING AROUND HIGH $14000 - FEARNLEYS
Supramax
By mid-week the market has been relatively quiet in the Pacific basin as well, but still some healthy rates being achieved on the differ ...
Thursday, 26 October 17
STRONG SIGNAL FOR AUSTRALIAN COAL DEMAND - GREG EVANS
The International Energy Agency’s Southeast Asia Energy Outlook report, released today, presents a positive outlook for Australian coal produ ...
Wednesday, 25 October 17
COAL MARKETS REMAINED SUBDUED - DANIEL HYNES
Coal markets remained subdued.
Daniel Hynes, Senior Commodity Strategist at ANZ, Coking coal prices were unchanged amid an absence of fresh of ...
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Showing 1901 to 1905 news of total 6871 |
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- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
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