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Tuesday, 03 April 18
MARKET ANALYSIS - GEORGE LAZARIDIS
 In the midst of a relatively quiet week for markets, with disruptions being caused by the Christian holidays, it seems as though we find ourselves caught up in further troubling announcements with regards to world trade. During the course of this weekend China’s Customs Tariffs Commission announced the enforcement of reciprocal tariffs of as high as 25% on 128 goods imported from the US, said George Lazaridis, Head of Research & Valuations of Allied Shipping.
George Lazaridis further noted his latest weekly market report, the breakdown includes import duties on fresh and dried fruits, ginseng, nuts, wine, pork and certain steel products, while government officials have left open insinuations of follow on tariffs to target high volume agricultural products such as soybeans. At its current standing these import tariffs are valued at around US$ 3.0 billion, a small drop compared to the trade actions the US president is seeking to undertake on Chinese goods during the 2Q 2018, with a plan to stamp a 25% import duty on a basket of goods valued at US$ 60 billion in 2017. In the midst of this it looks as though we are finding ourselves facing increased risk of a trade war ensuing, something that would surely have continued detrimental effects on both the growth course of global trade, but also on the overall global economic development.
George Lazaridis also noted that, despite all the above, both sides are still looking to find ways to resolve their disputes through a trade settlement that could help keep both sides happy. The US president, Mr. Donald Trump is seeking to get China to agree to reduce the bilateral trade between the US and China by US$ 100 billion (last year’s trade deficit stood at US$ 375.23 billion), yet this may prove more complicated than is often stated in the press and amongst politicians. Given that most Chinese exports to the US are finished goods, we have to take into account that in the modern world, these goods comprise of sources and material value adding that is sourced from all over the world, while in many cases even the US itself. One can surely see how the US currently has the upper hand in pressuring Beijing to accept a deal, however it would be wise to take into consideration the nock on effects any such deal (be it one which is too stringent on Chinese goods) would have on American Companies.
What we point out once more as a warning however is detrimental effects all this may well have on seaborne trade. Shipping plays a highly prevalent role in the global supply chain of products and the disruptions that would be caused by the increasing barriers being placed by some of the largest economies in the world can surely cause havoc and easily reverse the recent upward trends noted in terms of trade growth both in a direct and indirect manner. At the same time and taking a more near-term look, we may well find that all this bichering and squabbling of recent could play for severe disruptions in the annual seasonal grain trade spikes, something that would surely hurt the dry bulk sector and more particularly the smaller size segments.
At the same time and given the already in force tariffs imposed on steel products, we are surely to see softer trade and in turn earnings figures emerge compared to what most would have been predicting at the end of 2017. To what extent these tariffs will dampen the market remains to be seen and will largely depend on the steps taken by these two nations over the coming days. Let’s hope that calm and reason settle in before any extreme steps are taken by either side and all sides find themselves at a loss as a consequence. Said George Lazaridis of Allied.
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Wednesday, 18 April 18
SHIPPING MARKET INSIGHT - STELIOS KOLLINTZAS
The return of traders and charterers from the Easter festivities came along with a slight increase in activity across the edible oil markets. Howev ...
Monday, 16 April 18
MINISTER IGNASIUS JONAN SPEAKS HIS MIND AT INDONESIA MINER - IAN WOLLFF
The Minister for Energy and Mineral resources, Ignasius Jonan, delivered a key note address at the Indonesia Miner conference in Jakarta on the 11 ...
Thursday, 12 April 18
THE PERFECT STORM FOR THE BIG SHIPS - THE BALTIC BRIEFING
Capesize
The perfect storm for the big ships: with holidays, force majeure in two ore exporting ports and bad weather undermining the market. A l ...
Thursday, 12 April 18
SHIPPING CAN MANAGE US-CHINA TARIFFS, BUT RISKS RISING - FITCH
Container and, to some extent, dry bulk would probably be the shipping segments most affected by the recently announced US and China tariffs, Fitch ...
Thursday, 12 April 18
SUPRAS HAVE FIXED MID $11K FOR AN INDO RV TO S. CHINA DELIVERY PHILIPPINES - FEARNLEYS
Supramax
Slow week with little light for improving rates. ECSA to Far East still around $15k + bb and same to Med ca $14k, says Fearnleys in its ...
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Showing 1741 to 1745 news of total 6871 |
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- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Planning Commission, India
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
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