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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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Wednesday, 23 August 17
THE STRONG IRON ORE TRADE ROUTES SUPPORT CAPESIZE SEGMENT - INTERMODAL
The upward trend in the Capesize segment is definitely being supported by the strong momentum in the key iron ore trade routes. The price of high-q ...
Tuesday, 22 August 17
WHAT IS A RELEASE CALL?
KNOWLEDGE TO ELEVATE
Joining a mutual P&I Club means each Member shares in the fortunes of that Club and its membership. The continuity of ...
Tuesday, 22 August 17
THOSE DOG DAYS OF SUMMER STEEL PRODUCTION IN CHINA - COMMODORE
COALspot.com: One popular but inaccurate narrative that makes the rounds every June and July (and occurred again this year) is that China’s s ...
Monday, 21 August 17
BANPU REVEALS FIRST HALF 2017 WITH STRONG RESULTS; SUPPORTED BY HIGHER COAL PRICES
Banpu Reveals First Half 2017 with Strong Results from Higher Coal Prices Gearing Up to the Era of New Energy with Banpu Greener & Smarter Stra ...
Monday, 21 August 17
INDIA'S COAL IMPORTS DECLINE TO 192 MT IN FY17 - PTI
Import of coal saw a decline of 6.37 per cent to 191.95 million tonnes (MT) in 2016-17 on higher production by CIL that saw the country move to a r ...
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Showing 1961 to 1965 news of total 6871 |
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- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- PTC India Limited - India
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Planning Commission, India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
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