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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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Thursday, 07 April 16
PANAMAX RATES ARE FIRMING IN BOTH HEMISHEPHERES - FEARNLEYS
Capesize
With a great volume our of west Australia, rates were finally moving to upper 3's. and stabilizing towards the middle of the week in ...
Thursday, 07 April 16
BIMCO AND GIIGNL PUBLISH A GROUNDBREAKING VOYAGE CHARTER PARTY FOR LNG TRADE
BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party & ...
Wednesday, 06 April 16
HOW LONG SHIPPING CRISIS WILL BE; WHEN SHOULD OWNERS EXPECT THE BULK CARRIERS TO BECOME PROFITABLE? - INTERMODAL
It is the consensus that dry bulk shipping has been in a crisis for quite some time now. Bulk carrier values are at historical low levels, therefor ...
Tuesday, 05 April 16
DRY BULK REVISITS 1980S LOWS AND FACES UNCERTAIN LONGER TERM OUTLOOK - MSI | HELLENIC SHIPPING NEWS
With the market near bottom, attention is turning to the length of the downturn, the effect on asset values and the impact of broader demand side c ...
Monday, 04 April 16
THE LOADING, AND SUBSEQUENT DISCHARGE, OF UNSAFE NICKEL ORE - ALL TIME TO 'COUNT' - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In a recent, published, London arbitration award the English tribunal has held that all time lost as a result of loading, ...
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- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
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