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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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Monday, 08 October 18
KOMIPO INVITES BIDS FOR 520,000 TONS OF COLOMBIAN ORIGIN OF 5,700 NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 MT of min. 5700 NAR coal of Colombian origin ...
Sunday, 07 October 18
SUPRAMAX: INDO-INDIA USUAL COAL RUNS WERE COVERED AT US$ 12K - FEARNLEYS
Capesize
Average daily earnings up close to 15 pct in 5 trading days, thus patience finally paying off for owners of the big ships - Chinese play ...
Sunday, 07 October 18
A CASE FOR 20/20 VISION? IMO'S LOW SULPHUR FUEL LIMIT UNDER MARPOL ANNEX VI WHICH COMES INTO FORCE ON 1ST JANUARY 2020
KNOWLEDGE TO ELEVATE
The implementation of the global 0.5% sulphur cap for bunker fuel under MARPOL Annex VI in just under 18 months’ ti ...
Friday, 05 October 18
COAL PRODUCTION REACHES 64% OF 2018 TARGET : THE JAKARTA POST
National coal production up to August has already reached 311 million tons, or 64 percent of this year's total target of 485 million tons, acco ...
Wednesday, 03 October 18
VALUE OF AUSTRALIAN COAL EXPORTS TIPPED TO DECLINE SHARPLY OVER NEXT 18 MONTHS - THE GUARDIAN
Thermal coal prices forecast to drop 25% and metallurgical coal prices 23% as value of iron ore exports also falls
The value of Aust ...
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- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- The University of Queensland
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
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