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Tuesday, 10 July 18
SHIPPING MARKET ANALYSIS - GEORGE LAZARIDIS
 The trade dispute saga continued over the past week, as new tariffs were put into force on Friday in both the U.S. and China and have already taken effect today morning.
These recent tariffs are on USD 34 billion worth in imports on each side and have so far been imposed with minimal reactions from markets said George Lazaridis, Head of Research & Valuations of Allied Shipping research in his latest weekly shipping research report. He further noted that, the biggest concern now being voiced is with regards to a further escalation in this trade war, with propositions for additional tariffs to be placed on a further USD 200 billion worth of goods. It looks as though the first stage in this heated trade dispute has passed with a relatively mild reaction from markets due in part to the fact that most had already been taking positions months in advance. As things stand now most economists place a limited likelihood on the potential of further escalation taking place, giving the possibility of the additional tariffs on USD 200 billion of imports a 40 per cent chance of materializing. Nevertheless, it is still worth considering the impact a further escalation would have given the comments being passed around of late. With the U.S. having already threatened of an escalation of tariffs on almost all Chinese imports and at the same time open further fronts on global car imports and NAFTA, many are now quoting a final figure of affected goods close to the USD 1 trillion mark. This figure, if reached, would be equivalent to just over a quarter of the US’s total trade with the world and around 6 percent of the total global trade in goods. That could be quite a bite and would surely have detrimental nock on effects on economic growth figures across the globe.
George Lazaridis further noted, this is however the worst-case scenario and most of us are still holding hope that things will subside much before we reach anywhere near this point. Given however the way things have developed so far, such an outcome is not entirely farfetched and outside the realm of what is possible. Considering how these increased costs would be passed on to business and final consumers, the negative affect they would have on demand is self-explanatory. The overall bit out of global growth may well be minimal at an initial stage, but when taking into account that the positive signs being seen over the past couple of years have also been more minor as well, this would lead to yet another off-balance point for the demand-supply balance in shipping. Obviously the first to feel the pinch would be containerships which had only just started to show signs of recovering, while bulk shipping would be quick to follow as the net effects take hold of the whole supply chain of the products impacted.
On the plus side, shipping is probably in its best form to deal with any of these negative scenarios, with shipping capacity growth having been curbed and not set to see any notable increases in the near future for most of the main sectors says George Lazaridis, Head of Research & Valuations of Allied Shipping research. As an indicator of this it is worth pointing to the fact that the current dry bulk orderbook stands at 8.43% of the trading fleet in terms of number of vessels, a figure which can still be considered as one of the lowest noted historically. At the same time, even under these current favorable earning conditions being seen, the fleet has only increased by 1.15% over the past six months, while given the orderbook schedule for the remaining six months, there is not much expectation for this figure to increase by too much by the end of the year. If things do eventually turn south between the U.S. and its trading partners and tit-for-tat tariffs do take hold, this capped fleet growth rate could help sustain to a certain degree a relatively favorable market in terms of earnings, George Lazaridis concluded.
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Tuesday, 13 November 18
INDIA: POWER DEMAND UP; COAL STOCKS AT MINES AT A 5-YEAR LOW - FINANCIAL EXPRESS
Stocks at Coal India mines plunged to a five-year low of 21 million tonne (mt) in October, as a sudden surge in demand for the fuel from the power ...
Monday, 12 November 18
COAL BUSINESS REMAINS PROSPECTIVE - ANTARA
Coal business happened to be sluggish in the 2012-2015 period because coal prices in the world market fell sharply, but it has begun to crawl up si ...
Monday, 12 November 18
INDONESIA'S HBA ENDS DECLINE IN NOVEMBER
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 07 November 18
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
This has been another active week in the second-hand market for both the dry bulk and tanker sectors. Buying interest has recently increased, which ...
Monday, 05 November 18
TIGHTER FUEL RULES COULD RAISE SHIPOWNERS' COSTS AND CAPEX - FITCH RATINGS
More stringent fuel regulations regarding sulphur content could significantly increase global shipping companies’ operating costs and capex n ...
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- The University of Queensland
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
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