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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, 04 April 16
INDONESIA CS57 COAL INDEX SLIDES SLIGHTLY WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin fell 0.07 percent week over week to averaging $38.88 per ton on this past Friday, ac ...
Monday, 04 April 16
CAPE INDEX JUMPED 70% WEEK ON WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 01 April 16
ASSESSING THE DRY BULK MARKET AT ROCK BOTTOM - CLARKSONS
While the opening months of the year are typically a weak period for the dry bulk market, the downturn so far this year has been severe. Earnings h ...
Friday, 01 April 16
NINE AM - TIME TO GET AN INDONESIAN LANGUAGE VERSION OF YOUR CHARTERPARTIES - CLYDE & CO
KNOWLEDGE TO ELEVATE
For several years, Indonesian law (Article 31, Law Number 24 of 2009) has required that memoranda of understanding (" ...
Friday, 01 April 16
U.S. COAL PRODUCTION UP SLIGHTLY WEEK OVER WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11.6 million shor ...
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- Kohat Cement Company Ltd. - Pakistan
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- Commonwealth Bank - Australia
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- Economic Council, Georgia
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- Maheswari Brothers Coal Limited - India
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- Energy Link Ltd, New Zealand
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- Indian Energy Exchange, India
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- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Parliament of New Zealand
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- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
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- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
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- Aditya Birla Group - India
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- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- White Energy Company Limited
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- Planning Commission, India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
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- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- The University of Queensland
- New Zealand Coal & Carbon
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- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- CNBM International Corporation - China
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
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- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
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- MS Steel International - UAE
- Wilmar Investment Holdings
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- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
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- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
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- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Thai Mozambique Logistica
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- Indonesian Coal Mining Association
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