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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.
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Thursday, 21 March 19
PRICE PLUNGE AS CHINESE LEAVE THERMAL COAL OUT IN THE COLD - AUSTRALIAN FINANCIAL REVIEW
Thermal coal exporter New Hope Corporation says China’s shipment squeeze on Australia is putting downward pressure on prices in all markets i ...
Wednesday, 20 March 19
COAL EXPORT FEARS RESURFACE AS RESTRICTIONS HIT MORE CHINESE PORTS AND AUSTRALIAN PRICES COP A 'BELTING' - ABC
Australian thermal coal exports to China are under increasing pressure, with indications import restrictions are spreading to other key ports.
...
Monday, 18 March 19
A 56,000DWT SHIP FIXED DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY CHINA, AT $10,000 - BALTIC BRIEFING
Capesize
The Baltic Capesize market shrugged off its recent negative sentiment to post daily incremental improvements over the last week. Pacif ...
Saturday, 16 March 19
AUSTRALIAN COAL STILL FACING CHINESE DELAY - AAP
Australian coal exports to China are still facing delays, with protectionism and environmental checks blamed for the slowdown.
Coal ...
Thursday, 14 March 19
SUPRAMAX: INDO COAL CARGOES GETTING FIXED AT AROUND US$ 12000 TO CHINA - FEARNLEYS
Capesize
Average daily earning still well below operating costs, and owners keep bleeding - but nevertheless finally some bright spots for the ...
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Showing 1446 to 1450 news of total 6871 |
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- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
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