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Wednesday, 21 March 18
MARKET INSIGHT - CHRISTOPHER T. WHITTY
 President’s Trump administration proposed tariffs on steel and aluminum imports in an attempt to target China and Europe among others. Earlier this month President Donald Trump went ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminum but exempted after all, Canada and Mexico specifically. Details of the plan came from a briefing by administration officials ahead of Trump's speech. Other countries can apply for exemptions, according to the administration, although details of when they would be granted were not available. So at this time most believe it is still at a preliminary stage and perhaps just another move of the US on the world trade playing field.
President Trump has offered relief from steel and aluminum tariffs to countries that treat the US fairly on trade, a strategic move that is probably aimed at applying further pressure on Canada and Mexico regarding the potential new North American Free Trade Agreement (NAFTA). Of course separate talks are still ongoing between the States, Canada and Mexico on the NAFTA and there is still a lot of work on the table for the parties. Several major trading partners such as the European Union have said they will respond to the US tariffs with direct action. European Financial Affairs Commissioner Pierre Moscovici said if this goes ahead EU can easily respond with an “arsenal” of countermeasures that would include European tariffs on U.S. oranges, tobacco and bourbon for example. As Europe accounts for nearly 5 million tonnes of the 35 million tonnes of steel the U.S. imports every year, the bloc is hopeful that its members would be exempt ultimately from the tariffs, one way or another. If not, officials have said that they would consider asking the World Trade Organization to impose its own measures.
China, together with Japan, South Korea and India, accounted for 6.6 million tonnes of steel imports to the U.S.in 2017. Beijing, which until now had kept largely silent on the issue, sharpened its rhetoric significantly. Another important lever that China has, is U.S. agricultural exports and it has said in the past that it could target soybeans if needed to take action. "Especially given today's globalization, choosing a trade war is a mistaken prescription. The outcome will only be harmful," Foreign Minister Wang Yi said on the sidelines of an annual meeting of China's parliament. "China would have to make a justified and necessary response." China had a record $375.2 billion goods surplus with the United States last year. Because the US tariffs are being levied under a provision of US trade law that applies to national security, rather than dumping or import surges, it will be possible to exempt imports from military allies in NATO, as well as Japan and South Korea, focusing the tariffs on China and avoiding the risk of a broader trade war. The administration has not yet said that it will focus the tariffs in this way; but, given that they are being introduced with a phase-in period, during which trade partners may seek exemptions, such targeting seems to be the likeliest scenario.
By Christopher T. Whitty
Commercial Manager - Cotzias Intermodal Shipping
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
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Friday, 09 February 18
COAL BUYERS SPOOKED BY INDONESIA'S NEW SHIPPING RULES - ASSOC
Buyers of Indonesian coal are holding back orders of the fuel after the government issued new shipping rules for coal and crude palm oil that would ...
Thursday, 08 February 18
ENHANCED PRODUCTION BY COAL INDIA LIMITED HELPS DECLINE IN COAL IMPORTS - UNION MINISTER OF RAILWAYS AND COAL
According to press release from PIB, as per the current import policy, coal is kept under Open General License (OGL) and consumers are free to impo ...
Thursday, 08 February 18
A NEW WEEK WITH A SOFT SENTIMENT AND DECREASING RATES IN BOTH HEMISPHERE FOR THE PANAMAXES, SAYS FEARNLEYS
Supramax
USG dropping remarkably due to lack of fresh enquiry both for fhaul and bhaul, Supras were fixed from USG to Spore-Japan range now aroun ...
Wednesday, 07 February 18
INDONESIAN COAL PRICE REFERENCE RISES TO HIT THIRTEEN-MONTH HIGH OF $100.69 A TON
COALspot.com: The Indonesian Coal Price Reference (HBA) rose 5.39 per cent in February 2018, the latest ministerial decree showed.
The benchma ...
Wednesday, 07 February 18
SHIPPING MARKET INSIGHT - KATERINA RESTIS
Crude oil supply has been reported to have grown by approx. 2.5% reaching 40.1m bpd in 2017. However, tanker charter rates have been under pressure ...
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Showing 1811 to 1815 news of total 6871 |
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- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Parliament of New Zealand
- Parry Sugars Refinery, India
- The University of Queensland
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- PTC India Limited - India
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
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