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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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Friday, 14 December 18
KOSPO INVITES BIDS FOR 1,177,000 METRIC TONS OF COAL FOR Q1' 19 LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 701,000 MT of min 5,600 kcal/kg NCV coal and ...
Friday, 14 December 18
COAL IMPORT TO BE CHECKED BY RISING DOMESTIC PRODUCTION - FINANCIAL EXPRESS
The government’s effort to increase domestic coal production and power demand falling with the onset of the winters will check coal imports, ...
Thursday, 13 December 18
STRAITS AFFECTED BY TERRITORIAL DISPUTE BETWEEN SINGAPORE AND MALAYSIA - THE STANDARD CLUB
A recent territorial dispute has occurred between Singapore and Malaysia involving the Straits of Johor.
The Malaysian Attorney Gene ...
Wednesday, 12 December 18
SHIPPING MARKET INSIGHT - CHRISTOPHER WHITTY
China’s monthly iron ore imports dropped for the first time this year joined by declines in copper and soybeans as economic growth slows in t ...
Tuesday, 11 December 18
SHIPPING MARKET ANALYSIS - ALLIED
A lot of discussions have been made as to the effects of the IMO 2020 regulation on OPEX levels, investment feasibility of& ...
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- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Planning Commission, India
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
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