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Tuesday, 24 March 20
MARKET ANALYSIS - ALLIED
As countries around the world struggle to take back control of the ongoing COVID-19 pandemic the global economy shuts down bit by bit, leaving only the mere essentials still in operation across some of the world’s biggest economies. Most stock markets have seen their steepest decline (comparable to the time frame) witnessed since world war II, while at this rate and trend it would take less than a month for us to mark similar accumulated losses to those summed up in 400 days during the financial crash of 2008. This has not been limited to just the stock markets, with almost all major commodities having seen a sharp decline, even safe haven ones such as gold, said George Lazaridis, Head of Research & Valuations of Allied Ship Brokers in his laest weekly report.
According to George Lazaridis, all market models and predictions are thrown out the window while some of the biggest investment houses have already made a global recession their base case scenario and we are still in the midst of the “storm”. A contraction of about 1% in the world economy is now expected for this year, a decline which if materialized would be bigger than what was witnessed in 2009 during the financial crisis, while depending on how things transpire even this figure may prove to be a gross underestimate. Some industries are going to inevitably be hit worse than others (aviation, tourism etc.), while through this turmoil a large number of companies are likely to buckle and default under the strain.
George Lazaridis, Head of Research & Valuations of Allied Ship Brokers further noted that, this situation is surely not to last forever, yet it now looks more and more likely that a much more significant portion of the “lost” demand from the quarantine crisis period will remain lost and unlikely to be recuperated down the line. This pandemic is already taking both a considerable human and economic toll in a mere12 weeks from its first reported case. Going beyond the mere restrictive measures taken on by governments which are struggling to contain the spread, business are likely to come face to face with a longer-term linger hit from the sharp drop in consumer confidence. Insecurity is now ruling the markets and as such more and more will seek to hold on to their cash so as to boost the best way they can their longer-term financial security. We have seen numerous commitments and measures been taken up by governments and international institutions over the past few weeks in an effort to contain the economic fallout from all of this, yet it now seems that all these measures may prove to be insufficient, while in cases such as the $2tn US stimulus deal have been temporarily been left “dead in the water”. With the number of cases and deaths still rising at an exponential rate (many countries are seeing a doubling of cases every 2 to 3 days), this crisis is still not seeing an end in close sight. The longer it lasts the bigger the scar left behind will be.
Our outlook continues to “mutate” as time passes but for the time being we continue to expect an ever bigger upside jump in economic activity (the expectation still holds that the magnitude of the recovery is linked to that of the drop) once the crises period is over said George Lazaridis. This however is largely dependent on the duration of this crisis, as the longer it lasts the more dampening effect it will have on any possible economic recovery down the line. What’s more is that there is still fear of an “encore” event taking place in early Autumn, placing ever more weight on the need for an exit strategy from this crises, whether that be a vaccine, improved treatment or better protection measures for people. For the time it seems that all we can do is try to weather it out the best way we can, with proper responsibility towards the health risks involved for us, our families and society as a whole, while always keeping fully in mind the seriousness of the situation at hand. We hope all our readers stay safe and healthy, he concluded.
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Tuesday, 31 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.43 PCT - XINHUA
China Taiyuan coal transaction price index stood at 132.17 points Monday, down 0.43 percent week on week.
The index, released by Chi ...
Tuesday, 31 March 20
COAL POWER REMAINS IN GLOBAL DECLINE, DESPITE CHINESE SURGE - SYDNEY MORNING HERALD
The impact of coronavirus has prompted a surge in coal-fired power plant construction permits in China, with the Chinese government issuing more pe ...
Monday, 30 March 20
CORONAVIRUS - IMPLICATIONS FOR SHIPS AND CREW - GARD
KNOWLEDGE TO ELEVATE
Countries around the world are strengthening their border control measures in order to prevent the further spread of COVI ...
Monday, 30 March 20
LAY-UP AND RE-ACTIVATION REVISITED - GARD
KNOWLEDGE TO ELEVATE
The COVID-19 pandemic has affected the maritime industry in previously unthinkable ways. Ports around the world are denyi ...
Monday, 30 March 20
PANAMAX: INDONESIA LACKED VOLUME, PARTLY DUE TO FORCE MAJEURE IN INDIAN PORTS - BALTIC BRIEFING
Capesize
As Covid-19 continued to ratchet up tensions across the globe, the Cape market dealt with the change to remote working. Most regions o ...
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Showing 1036 to 1040 news of total 6871 |
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- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- White Energy Company Limited
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Agrawal Coal Company - India
- MS Steel International - UAE
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
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