We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 29 January 19
CHINA HAS BEEN THE TOP DRIVER OF GLOBAL GROWTH FOR NEARLY TWO DECADES - ALLIED
 China has been the top driver of global growth for nearly two decades now, pushing demand for seaborne trade and being the key influencer for demand of several major trading commodities. The annual data of this Asian giant were revealed just a few days ago, sparking concerns for the economic state of the country.
According to Yiannis Vamvakas, Research Analyst of Allied, China’s GDP expanded in the previous year by 6.6%, a rate that may sound impressive compared to other OECD countries, but it is the lowest pace the country has seen since 1990. In addition, the latest quarterly growth figure stands at 6.4%, the weakest rate since the global financial crisis. With China accounting for one-third of global growth, it is no surprise that the International Monetary Fund revised its global economic growth forecast for 2019 by -0.2% and pointed out that risks for further downward corrections are high. It is fair to point out that this slowdown has been expected by most including Beijing itself. The declining trend in China’s economic growth has been in the works since 2010, with the local government making steps to slowly transform from primarily a manufacturing based economy to a service based one. Of course, the impacts on global trade from this will be slow and gradual. An economic poll conducted by Reuters showed that the majority of economists expect China to slowdown further in 2019 down to 6.3%, while the IMF predicts a 6.2% growth rate.
The weekly report of Allied further noted that, apart from this disappointing growth data, production and trade data for 2018 have also been worrying. The Caixin/Markit manufacturing purchasing managers’ index (PMI) declined in December 2018 to 49.7, slipping back into contraction for a first time in 19 months. Industrial profits also fell in December, dropping by 1.9. Moreover, China’s exports declined in December by 4.4%, the most in almost two years, while imports were also decreased by 7.6%. Regarding iron ore, a key commodity for dry bulk shipping, Chinese imports declined by 1%, falling to 1.064 billion tons from 1.075 billion tons in 2017, in their first annual decline since 2010. At the same time, steel exports continued to a soften in 2018, hurt by the current trade war with the US. On the other hand, coal imports by the Asian behemoth increased to their highest number in the last four years, reaching 281.5 million tons. However, imports were curbed during the last couple of months following a government strategy to support domestic coal prices. On the soya bean front, the impact of the US trade tariffs was significant, shifting imports’ sources from the US to different producing nations. However, it is worth mentioning that total Chinese exports in 2018 remained on a positive course, with China’s trade surplus with the US growing despite the trade tariffs, according to Chinese government data. However, the tariffs that have been imposed by the US government remain an important headache. With negotiations between the two countries having started, a lot of focus has been placed on the March deadline, when most hope a final decision will be reached. The aftermath of the negotiations may lead to further reshaping in global trade. With 2018 being an alarming year for the Chinese economy, affecting the shipping markets as well, it is significant to see if this disappointing year was just a parenthesis.
The risks placed by a further slowdown in the Chinese economy on global trade as well as shipping markets is still high, but we should keep in mind that China’s growth maybe contracting but still remains robust. However, questions regarding the capability of the global economy to decrease its dependence to China are intensifying.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 18 June 19
TANKER SHIPPING: WHILE WE WAIT FOR 2020 TO KICK IN, IT'S ALL ABOUT POLITICS - BIMCO
Demand drivers and freight rates
Iran, Libya and Venezuela face export limitations because of sanctions and internal political troubles. At the s ...
Saturday, 15 June 19
SUPRAMAX: A 58,000-TONNER, OPEN QINGDAO, WAS BOOKED TO REDELIVER IN EAST COAST INDIA AT $6,500 - BALTIC BRIEFING
Capesize
The market closed on a quiet Friday last week after a few hectic days of mid-week trading. Trade routes from Brazil to the Far East we ...
Friday, 14 June 19
PANAMAX: OUTLOOK IS MIXED - FERNLEYS
Capesize
Sentiment changed to a more nervous tone as pacific cargo volumes failed to deliver as expected, however latest activity indicates res ...
Friday, 14 June 19
ELECTRONIC (PAPERLESS) TRADING - SKULD
KNOWLEDGE TO ELEVATE
Electronic Shipping Solutions: Bolero International Ltd, E-Title Authority Pte Ltd, Global Share S.A. (edoxOnline platfor ...
Wednesday, 12 June 19
KOSPO INVITES BIDS FOR 140,000 MT OF 4,600 NCV COAL FOR SEP. 2019 LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 140,000 MT of minimum 4,600 kcal/kg NCV coal ...
|
|
|
Showing 1381 to 1385 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Planning Commission, India
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- The University of Queensland
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
|
| |
| |
|
