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Tuesday, 12 May 20
A GLOBAL ECONOMIC RESTART HAS SLOWLY BEGUN AS COUNTRIES AROUND THE WORLD GRADUALLY - ALLIED
 A global economic restart has slowly begun as countries around the world gradually set their return back to “normality”. Yet by all measures it seems that we will be far from normality for some time at least as the scars of the pandemic lockdown seem to be severe across all industries and nations. It is no surprise therefore how must are predicting very poor global GDP figures for 2020 while holding very skeptical opinions for 2021, says Allied Shipping Research in its latest research report.
According to George Lazaridis, Head of Research & Valuations of Allied Shipping, the US and Europe have been two of the worst hit economies, while in respect to the size of these two economies the ripple effects across the globe as part of the drop in consumer spending that has taken place and that is expected to unfold over the coming months in these two major economies is expected to be considerable.
Even China which has already eased back measures for some time now is showing signs of struggling to regain its previous momentum. In the midst of all this poor market sentiment, the global commodities trade is starting to buckle under the strain. Some such as crude oil have been shaken by events far reaching the global pandemic (both in a positive as well as in a negative manner), while others are finding it difficult to regain a bullish foothold given their significant reliance on global investments and consumer spending patterns. Yet many in the shipping industry still hold for an optimistic scenario playing out whereby some of the “lost” trade is recuperated over the coming months, helping as such feed a momentary rally that could help counter some of the freight rate earnings that were incurred during Q1 and Q2 of 2020.
George Lazaridis further noted that, all this seems well and good but to what extent can we really depend on a strong rally taking shape over the coming months and to what extent can this really bring back a balance to the global freight markets?
The issue is that although it is a certainty that due to the major trade disruptions that have unfolded over the past months, we are sure to see increased volumes emerge as the global economy opens up for business once more. Yet at the same time, given the extent and length of the disruptions that have been seen and coupled with the strong dampening effect that has been pressed on to global consumption levels, we are likely to see a fair share of this past and pre-sent lost activity being lost forever. To what extent is surely hard to calculate right now because a whole lot depends on market sentiment and appetite for speculative trading. Yet even if we were able to see a double digit percentage share of March, April and May trading volumes being shifted over to the summer months, this would surely be enough to bring about a strong shift in freight markets to the owners’ favor.
Head of Research & Valuations of Allied Shipping is also further said that, rates are still looking likely to climb by a fair bit and recover some of the “loses” incurred earlier on in the year (all this depending on the rolling back of lock down measures going smoothly and no resurgence in virus cases being noted). Yet it looks as though even with a positive rally taking place during Q3, the signs are troubling as to the potential prospects beyond that horizon. The final quarter of 2020 is likely to be considerably subdued, especially when compared to the typical seasonal patterns, while 2021 is looking ever more likely to at least start off on a fairly pessimistic note.
Given the drop in economic activity coupled with the sharp rise in unemployment figures in key economies, the road back to recovery is looking to be long and bumpy. It will likely take some time before we are able to recover from this shock, even when taking into consideration the vast amounts of support being provided by the likes of the FED, ECB and governments around the world George Lazaridis concluded.
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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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Showing 16 to 20 news of total 6871 |
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- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Commonwealth Bank - Australia
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- PTC India Limited - India
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
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