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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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Thursday, 15 March 18
BHEL COMMISSIONS 600 MW THERMAL POWER PLANT FOR APGENCO IN ANDHRA PRADESH
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned a 600 MW coal-based thermal power plant in the state of Andhra Pradesh.
...
Thursday, 15 March 18
SUEK GROUP SECURES $1.055BN 5-YEAR SYNDICATED PRE-EXPORT FINANCE FACILITY
SUEK Group signed a $1.055bn syndicated pre-export loan agreement. The facility with five years duration is secured against the Group’s expor ...
Wednesday, 14 March 18
COAL PRICES UP SAYS MINERALS COUNCIL - IAN KIRKWOOD,THE HERALD
NSW thermal coal exports were at near-record levels last year but prices were up, the Minerals Council of NSW has said after appraising annual stat ...
Wednesday, 14 March 18
NEW COAL PRICE FORMULA DOESN'T APPLY RETROACTIVELY: OFFICIAL - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry has decided to change the implementation period of the new discounted price formula for coal sold to the ...
Wednesday, 14 March 18
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
Interest in second hand tonnage remains firm with buyers in the dry bulk sector looking to benefit from rising freight rates that are eventually ex ...
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Showing 1771 to 1775 news of total 6871 |
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- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Aditya Birla Group - India
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Agrawal Coal Company - India
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Planning Commission, India
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
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