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Tuesday, 08 January 19
GLOBAL TRADE GROWTH EXPECTED TO REMAIN AT HEALTHY IN 2019 - ALLIED
 2019 is here and we find ourselves with new challenges for the shipping industry and the global economy as whole, with market prospects being neither optimistic nor pessimistic according to most analysts, Yiannis Vamvakas Allied shipping’s Research Analyst said in his latest weekly report.
Economic shocks and unexpected events cannot be fully predicted, but let’s recap some key points being seen. With regards to economic growth expectations, figures remain positive for 2019, but according to most, growth will drift to lower levels than it did in 2018.
UBS forecasts a figure close to 3.6% for the global economic growth this year, 0.2% lower than the last year, due to tighter monetary policies and political challenges among the world’s major economies. He also further noted, the same trend is projected for the US from Goldman Sachs, reducing the US economy growth forecast for the first half of 2019 to 2% from 2.4% estimated earlier. Most analysts predict that a US recession risk is low for this year. Meanwhile, it is worth mentioning that elections are expected for several countries this year, including India, South Africa, Canada, Argentina and Greece, leaving the prospect of political shocks firm on the table.
Additionally, Brexit is planned to occur on March 29, with many aspects of the withdrawal agreement still remaining unclear. Meanwhile, trade tensions emerged this past year between China and the US, with several commodities being impacted. New chapters in this play are expected to be seen this year, with more tariffs being likely in several products after the March dead-line, though with discussions underway there is still hope that a deal can be struck. With regards to global trade agreements, an altered Trans-Pacific Partnership (TPP) was agreed between 11 countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam), despite the withdrawal of the US. The agreement will cut tariffs in several imports between the above-mentioned members. WE are also set to see a rise in the trade of agricultural imports from Canada and Australia to Japan, with the two hoping that they may gain market share from the US, said Yiannis Vamvakas.
Additionally, a new EU-Japan economic partnership agreement will commence from February, which will facilitate exports of Japan to the EU and vice versa.
In China, Yiannis Vamvakas said, there are several developments taking shape in terms of industrial production. Several industrial producers have already decided to increase their production levels within China in order to circumvent the tariffs introduced by the Chinese government on imports. On the other hand, Chinese producers may need to reshape their productions’ plans and add bigger volumes in other locations, avoiding tariffs on Chinese imports by the US. Vietnam and Indonesia may be the bigger winners of this shift.
Furthermore, 2018 was a turbulent year for oil. With oversupply concerns and possible geopolitical tensions still in play, volatility is expected to spill over into this year, but prices are predicted to follow an overall bullish trajectory. In mid-2019, waivers provided from the US to several countries with regards to importing oil from Iran are expected to expire, leaving a gap in the global oil trade. Moreover, it is interesting to see if the recent agreement among OPEC and non-OPEC producers to cut output will materialize and to what extent.
At the same time, we are waiting to see how prepared refineries are for IMO 2020, as the deadline draws ever closer. Uncertainty will continue to cloud the market and any decisions being made, but with global trade growth expected to remain at healthy levels this year, we should see further market improvement take place.
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Saturday, 29 December 18
DELIVERY OF CARGO WITHOUT PRODUCTION OF THE ORIGINAL BILL OF LADING - TT CLUB
KNOWLEDGE TO ELEVATE
As the bill of lading is a document of title, a person presenting it to the carrier or its agent is ostensibly entitled t ...
Friday, 28 December 18
BIMCO 2020 SULPHUR CLAUSES: "A FAIR ALLOCATION OF RESPONSIBILITIES AND LIABILITIES'? - INCE & CO.
To assist owners and charterers to address the legal issues arising under any time charterparties, which will span the 1 January 2020 implementatio ...
Thursday, 27 December 18
DRY BULKERS SPOT FREIGHT MARKET W/E 21 DEC - ALLIED SHIPBROKING
Capesize
A negative week for the Capesize sector, as activity remained at low levels, especially in the Pacific, with rumors regarding agreed r ...
Thursday, 27 December 18
SHIPPING IS ENTERING A NEW ERA OF EVER CHALLENGING CONDITIONS - ALLIED
As we move closer to the end of the year and we look forward into New Year, we are still finding ourselves looking deep into a market outlook full ...
Tuesday, 25 December 18
FUEL QUALITY AND SAFETY IN IMO CONVENTIONS: A GROWING CHALLENGE, EVEN PRIOR TO 1 JANUARY 2020 - IUMI
At the 100th session of the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) meeting discussions on fuel quality a ...
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Showing 1511 to 1515 news of total 6871 |
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- Posco Energy - South Korea
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- MS Steel International - UAE
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- PTC India Limited - India
- The University of Queensland
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
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