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Friday, 18 March 16
OUTLOOK ON GLOBAL SHIPPING SECTOR TURNS NEGATIVE AS SUPPLY-DEMAND GAP WIDENS AND EBITDA DECLINES - MOODY'S
 Moody’s Investors Service (Moody’s) has changed its outlook on the global shipping sector to negative as it expects supply growth to outpace demand growth in 2016 by more than 2%, suppressing freight rates, particularly in the dry bulk and containership segments. The outlook for the tanker segment remains stable as low crude oil prices will continue to boost demand for tankers.
“Even though the tanker segment continues to perform strongly, we expect the supply-demand gap for the industry overall to exceed 2% in 2016, and possibly into 2017, as large new vessel deliveries coincide with subdued demand for dry bulk and container ships,” says Marie Fischer-Sabatie, a Moody’s Senior Vice President and author of the report. China’s slowdown is weighing on demand for commodities, such as coal and iron ore, which in turn affects dry bulk seaborne transportation demand.
On the back of weaker freight rates in the dry bulk and containership segments, Moody’s now forecasts a low single-digit percentage decline in aggregate EBITDA for the rated shipping companies in 2016, versus growth in the low single-digits in its previous forecast late last year.
While fuel prices, which make up a large cost item for container shipping companies, have continued to fall over the past six months, the benefits to the container shipping segment will fade somewhat in 2016 because they have already passed lower fuel costs on to their customers via reduced freight rates, limiting the upside.
Moody’s report, titled “Outlook Update: Shipping — Global: Weakness in Dry Bulk, Container Segments Drives Outlook Change to Negative”, is available on www.moodys.com.
Source: Moody’s | Hellenic Shipping News
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Monday, 11 April 16
BDI ROSE TO ITS HIGHEST LEVEL IN FOUR MONTHS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 08 April 16
COASTAL ENERGEN CROSSES GENERATION OF 1068 MW AND EXPORT OF 1004 MW FROM ITS 1200 MW IPP
COALspot.com: Coal & Oil (C&O) Group, an India centric Energy & Infrastructure company announced that their Coastal Energen' ...
Friday, 08 April 16
WEEKLY US COAL PRODUCTION ESTIMATES DIP 5.4% TO 11 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11 million short ...
Friday, 08 April 16
MINISTER OF ENERGY AND MINERAL RESOURCES OF INDONESIA TO ISSUE REGULATION TO GUARANTEE THE COAL SUPPLY TO ITS 35K POWER PLANT PROJECTS
COALspot.com: In order to guarantee the supply of coal for 35,000 megawatt (mw) coal based power plants ( still in planning stage), the Minister of ...
Thursday, 07 April 16
CHINA STEEL CAPACITY CUTS FACE SOCIAL, FINANCIAL HURDLES - FITCH RATINGS
Fitch Ratings says today that the Chinese government's supply-side reform of the steel sector faces immense social and financial challenges. Th ...
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- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Planning Commission, India
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Australian Coal Association
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
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