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Tuesday, 03 April 18
MARKET ANALYSIS - GEORGE LAZARIDIS
 In the midst of a relatively quiet week for markets, with disruptions being caused by the Christian holidays, it seems as though we find ourselves caught up in further troubling announcements with regards to world trade. During the course of this weekend China’s Customs Tariffs Commission announced the enforcement of reciprocal tariffs of as high as 25% on 128 goods imported from the US, said George Lazaridis, Head of Research & Valuations of Allied Shipping.
George Lazaridis further noted his latest weekly market report, the breakdown includes import duties on fresh and dried fruits, ginseng, nuts, wine, pork and certain steel products, while government officials have left open insinuations of follow on tariffs to target high volume agricultural products such as soybeans. At its current standing these import tariffs are valued at around US$ 3.0 billion, a small drop compared to the trade actions the US president is seeking to undertake on Chinese goods during the 2Q 2018, with a plan to stamp a 25% import duty on a basket of goods valued at US$ 60 billion in 2017. In the midst of this it looks as though we are finding ourselves facing increased risk of a trade war ensuing, something that would surely have continued detrimental effects on both the growth course of global trade, but also on the overall global economic development.
George Lazaridis also noted that, despite all the above, both sides are still looking to find ways to resolve their disputes through a trade settlement that could help keep both sides happy. The US president, Mr. Donald Trump is seeking to get China to agree to reduce the bilateral trade between the US and China by US$ 100 billion (last year’s trade deficit stood at US$ 375.23 billion), yet this may prove more complicated than is often stated in the press and amongst politicians. Given that most Chinese exports to the US are finished goods, we have to take into account that in the modern world, these goods comprise of sources and material value adding that is sourced from all over the world, while in many cases even the US itself. One can surely see how the US currently has the upper hand in pressuring Beijing to accept a deal, however it would be wise to take into consideration the nock on effects any such deal (be it one which is too stringent on Chinese goods) would have on American Companies.
What we point out once more as a warning however is detrimental effects all this may well have on seaborne trade. Shipping plays a highly prevalent role in the global supply chain of products and the disruptions that would be caused by the increasing barriers being placed by some of the largest economies in the world can surely cause havoc and easily reverse the recent upward trends noted in terms of trade growth both in a direct and indirect manner. At the same time and taking a more near-term look, we may well find that all this bichering and squabbling of recent could play for severe disruptions in the annual seasonal grain trade spikes, something that would surely hurt the dry bulk sector and more particularly the smaller size segments.
At the same time and given the already in force tariffs imposed on steel products, we are surely to see softer trade and in turn earnings figures emerge compared to what most would have been predicting at the end of 2017. To what extent these tariffs will dampen the market remains to be seen and will largely depend on the steps taken by these two nations over the coming days. Let’s hope that calm and reason settle in before any extreme steps are taken by either side and all sides find themselves at a loss as a consequence. Said George Lazaridis of Allied.
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Thursday, 15 March 18
BHEL COMMISSIONS 600 MW THERMAL POWER PLANT FOR APGENCO IN ANDHRA PRADESH
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned a 600 MW coal-based thermal power plant in the state of Andhra Pradesh.
...
Thursday, 15 March 18
SUEK GROUP SECURES $1.055BN 5-YEAR SYNDICATED PRE-EXPORT FINANCE FACILITY
SUEK Group signed a $1.055bn syndicated pre-export loan agreement. The facility with five years duration is secured against the Group’s expor ...
Wednesday, 14 March 18
COAL PRICES UP SAYS MINERALS COUNCIL - IAN KIRKWOOD,THE HERALD
NSW thermal coal exports were at near-record levels last year but prices were up, the Minerals Council of NSW has said after appraising annual stat ...
Wednesday, 14 March 18
NEW COAL PRICE FORMULA DOESN'T APPLY RETROACTIVELY: OFFICIAL - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry has decided to change the implementation period of the new discounted price formula for coal sold to the ...
Wednesday, 14 March 18
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
Interest in second hand tonnage remains firm with buyers in the dry bulk sector looking to benefit from rising freight rates that are eventually ex ...
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Showing 1771 to 1775 news of total 6871 |
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- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- White Energy Company Limited
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
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