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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, 20 October 21
CHINA COAL HITS RECORD HIGH AMID TIGHT SUPPLIES - REUTERS
China coal prices hit a record high on Tuesday buoyed by a widening power crunch and cold weather despite Beijing’s efforts to bolster supply ...
Wednesday, 20 October 21
MARKET INSIGHT - INTERMODAL
IMO 2020, Ballast Water Treatment regulations, Green Recycling, GHG emissions, EEXI, CII, ETS, Fit for 55, Carbon price/levy, the Poseidon Principl ...
Tuesday, 19 October 21
SPONGE IRON SECTOR MIGHT REPORT NEGATIVE GROWTH DUE TO COAL CRISIS: SIMA - PTI
The domestic sponge iron industry might report a negative growth in the ongoing December quarter “if the shortage of coal is allowed to conti ...
Tuesday, 19 October 21
COAL INDIA, THE FALL GUY FOR POWER CRISIS - INDIA EXPRESS
The post-Covid economic recovery has led to a major increase in the demand for power, both in India and globally. In India, coal-based power plants ...
Saturday, 16 October 21
SOLAR INSTALLATION SURGE PUTS INDIA ON TRACK TO CAP COAL-FIRED POWER AS EARLY AS 2024 - IEEFA
Recent increase in solar power installations could push coal to peak sooner than expected
If India keeps installing solar capacity a ...
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- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
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