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Tuesday, 08 January 19
GLOBAL TRADE GROWTH EXPECTED TO REMAIN AT HEALTHY IN 2019 - ALLIED
 2019 is here and we find ourselves with new challenges for the shipping industry and the global economy as whole, with market prospects being neither optimistic nor pessimistic according to most analysts, Yiannis Vamvakas Allied shipping’s Research Analyst said in his latest weekly report.
Economic shocks and unexpected events cannot be fully predicted, but let’s recap some key points being seen. With regards to economic growth expectations, figures remain positive for 2019, but according to most, growth will drift to lower levels than it did in 2018.
UBS forecasts a figure close to 3.6% for the global economic growth this year, 0.2% lower than the last year, due to tighter monetary policies and political challenges among the world’s major economies. He also further noted, the same trend is projected for the US from Goldman Sachs, reducing the US economy growth forecast for the first half of 2019 to 2% from 2.4% estimated earlier. Most analysts predict that a US recession risk is low for this year. Meanwhile, it is worth mentioning that elections are expected for several countries this year, including India, South Africa, Canada, Argentina and Greece, leaving the prospect of political shocks firm on the table.
Additionally, Brexit is planned to occur on March 29, with many aspects of the withdrawal agreement still remaining unclear. Meanwhile, trade tensions emerged this past year between China and the US, with several commodities being impacted. New chapters in this play are expected to be seen this year, with more tariffs being likely in several products after the March dead-line, though with discussions underway there is still hope that a deal can be struck. With regards to global trade agreements, an altered Trans-Pacific Partnership (TPP) was agreed between 11 countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam), despite the withdrawal of the US. The agreement will cut tariffs in several imports between the above-mentioned members. WE are also set to see a rise in the trade of agricultural imports from Canada and Australia to Japan, with the two hoping that they may gain market share from the US, said Yiannis Vamvakas.
Additionally, a new EU-Japan economic partnership agreement will commence from February, which will facilitate exports of Japan to the EU and vice versa.
In China, Yiannis Vamvakas said, there are several developments taking shape in terms of industrial production. Several industrial producers have already decided to increase their production levels within China in order to circumvent the tariffs introduced by the Chinese government on imports. On the other hand, Chinese producers may need to reshape their productions’ plans and add bigger volumes in other locations, avoiding tariffs on Chinese imports by the US. Vietnam and Indonesia may be the bigger winners of this shift.
Furthermore, 2018 was a turbulent year for oil. With oversupply concerns and possible geopolitical tensions still in play, volatility is expected to spill over into this year, but prices are predicted to follow an overall bullish trajectory. In mid-2019, waivers provided from the US to several countries with regards to importing oil from Iran are expected to expire, leaving a gap in the global oil trade. Moreover, it is interesting to see if the recent agreement among OPEC and non-OPEC producers to cut output will materialize and to what extent.
At the same time, we are waiting to see how prepared refineries are for IMO 2020, as the deadline draws ever closer. Uncertainty will continue to cloud the market and any decisions being made, but with global trade growth expected to remain at healthy levels this year, we should see further market improvement take place.
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Saturday, 29 December 18
DELIVERY OF CARGO WITHOUT PRODUCTION OF THE ORIGINAL BILL OF LADING - TT CLUB
KNOWLEDGE TO ELEVATE
As the bill of lading is a document of title, a person presenting it to the carrier or its agent is ostensibly entitled t ...
Friday, 28 December 18
BIMCO 2020 SULPHUR CLAUSES: "A FAIR ALLOCATION OF RESPONSIBILITIES AND LIABILITIES'? - INCE & CO.
To assist owners and charterers to address the legal issues arising under any time charterparties, which will span the 1 January 2020 implementatio ...
Thursday, 27 December 18
DRY BULKERS SPOT FREIGHT MARKET W/E 21 DEC - ALLIED SHIPBROKING
Capesize
A negative week for the Capesize sector, as activity remained at low levels, especially in the Pacific, with rumors regarding agreed r ...
Thursday, 27 December 18
SHIPPING IS ENTERING A NEW ERA OF EVER CHALLENGING CONDITIONS - ALLIED
As we move closer to the end of the year and we look forward into New Year, we are still finding ourselves looking deep into a market outlook full ...
Tuesday, 25 December 18
FUEL QUALITY AND SAFETY IN IMO CONVENTIONS: A GROWING CHALLENGE, EVEN PRIOR TO 1 JANUARY 2020 - IUMI
At the 100th session of the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) meeting discussions on fuel quality a ...
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Showing 1511 to 1515 news of total 6871 |
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- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Planning Commission, India
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- The University of Queensland
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Australian Coal Association
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Economic Council, Georgia
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Orica Australia Pty. Ltd.
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