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Tuesday, 20 March 18
SHIPPING MARKET ANALYSIS - GEORGE LAZARIDIS
 It has been a chilling start to the week for the global economy, with the vast majority of stock exchanges noting a fair drop, after a series of sell offs in the technology sector.
According to George Lazaridis, Head of Research & Valuations of Allied Shipping, at the face of it, it may well sound as if this is something restricted to an industry which is disconnected in its most part from the shipping industry. However, in part these tremors being noted in the form of price drops in equities are tied in part to the overall friction being seen in global trade. It has been just over two weeks since US President Donald Trump announced import tariffs on steel and aluminum, and the geopolitical aftershocks are still being felt. The period just after the announcement seems to be mainly characterized by a number of countries, including but not limited to Australia, the European Union and Japan, pushing to win exemptions from these newly announced tariffs. Yet, things seem to be taking a darker tone now, with a number of these countries now vowing to act through reprisal levies and tariffs on US imports.
George Lazaridis further noted that, as an overall read-through, the main note that most of us in shipping have taken is that these current tariffs have a limited direct effect on shipping markets. China, which is the leading producer of both these commodities has a minute share in the overall imports entering the US, despite the fact that the US President has focused on China in his usual populist rhetoric with regards to trade. China’s exports of steel and aluminum to the US amount to only just 0.03% of its GDP, while it only makes up around 4% of total steel imports into the US. The biggest threat has been to the US market’s main suppliers, which are the European Union, Canada, S. Korea, Mexico, Brazil and Japan, with Canada and Mexico having for the moment escaped the current levies as part of the ongoing negotiations with regards to the NAFTA trade agreement.
George Lazaridis Allied noted that, the majority of the rest seem to be taking the option of retaliatory levies quite seriously, while despite China being relatively unaffected for the time being, they have also joined in the general discussion proactively, possibly taking this opportunity to proclaim themselves as defenders of free trade.
The risk of a wider trade war sparking off does lay in the realm of possibility right now, yet even if things were to escalate to such a level, the negative effects on shipping would most likely come in the form of gradual waves. Under such a scenario we would likely see most retaliatory tariffs and levies being placed on finished final goods, possibly causing a disturbance on the containership market first and limited to mainly this sector in the initial phase. It would take a while before we would see a gradual slump emerge on the demand for raw materials, as the overall slump in global demand for finished products would slowly push purchasing managers to cut back their requirements.
This all sounds like a dire scenario indeed and most would be in angst as to the actual probability of such a series of events pulling through, especially given that we have only just started to see a favourable environment emerge in terms of global trade. The general thought and hope for the time being is that to some degree the US President will back down having been brought to his senses in a similar fashion to how back in the early 2000’s George W Bush eventually backed down on his protectionist steel-tariff plan. Lets hope things aren’t taken too far too quickly and we miss the point of no return.
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Tuesday, 20 February 18
INDIA: COAL IMPORT RISES BY 12 PER CENT TO 18 MILLION TONNES IN JANUARY - PTI
The country’s coal import increased by 12.4 per cent to 18.49 million tonnes (MT) in January, against 16.
44 MT in the same month of the ...
Monday, 19 February 18
JOINT INSURANCE - WHY SHOULD YOU CARE? - SKULD
KNOWLEDGE TO ELEVATE
It is neither controversial nor new to say that co-assureds under a joint insurance policy cannot claim against each othe ...
Friday, 16 February 18
U.S. WEEKLY COAL OUTPUT DOWN 4.5 PER CENT WEEK OVER WEEK, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.2 million short tons ...
Thursday, 15 February 18
INDIA: THERMAL POWER PLANTS UNDER STRESS ON RISING COAL, FREIGHT COSTS - BUSINESS STANDARD
Coal-based power plants are feeling the heat of spike in thermal grade coal prices and railway freight costs.
Prices of thermal grade coal sin ...
Wednesday, 14 February 18
HISTORY REPEATING ITSELF? - IEA
This month’s OMR is abbreviated to allow time for us to complete our annual five-year outlook that will be published in our report Oil 2018 o ...
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Showing 1801 to 1805 news of total 6871 |
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- Agrawal Coal Company - India
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Planning Commission, India
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
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