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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, 28 March 16
THE SUPRAMAX INDEX WAS UP TWENTY-FOUR POINTS TO 473 POINTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 25 March 16
DRY BULK SHIPPING FLEET WILL GROW BY 1.3% DURING 2016 - BIMCO | HELLENIC SHIPPING NEWS
The dry bulk market will keep on suffering, at least until the start of 2017 and possibly well after that, should the current balance of supply and ...
Friday, 25 March 16
U.S COAL PRODUCTION DECLINED 9.1% W/W - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million shor ...
Thursday, 24 March 16
PERSISTENT OVERCAPACITY TO PROLONG CHINA'S COAL SECTOR DOWNTURN - FITCH
China's coal sector is likely to remain under pressure in the short to medium term as structural weaknesses in demand and overcapacity persist, ...
Thursday, 24 March 16
SEABORNE TRADE: CHECKING UP ON THE TRENDS - CLARKSON RESEARCH
Following a decline in 2009, seaborne trade grew on average by 4.9% p.a. in 2010-13, reflecting booming import demand in a number of key importing ...
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- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
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- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
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- Global Coal Blending Company Limited - Australia
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- Global Business Power Corporation, Philippines
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- Petron Corporation, Philippines
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- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- McConnell Dowell - Australia
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- Maheswari Brothers Coal Limited - India
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- MS Steel International - UAE
- Electricity Authority, New Zealand
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- Neyveli Lignite Corporation Ltd, - India
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- Rio Tinto Coal - Australia
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- Kumho Petrochemical, South Korea
- White Energy Company Limited
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- Power Finance Corporation Ltd., India
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- Energy Development Corp, Philippines
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- Agrawal Coal Company - India
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- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
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- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
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- Heidelberg Cement - Germany
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- Indian Oil Corporation Limited
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- Coal and Oil Company - UAE
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- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
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- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
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- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Economic Council, Georgia
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- Wood Mackenzie - Singapore
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- Kohat Cement Company Ltd. - Pakistan
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- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
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- Karbindo Abesyapradhi - Indoneisa
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- Wilmar Investment Holdings
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- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
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- Kapuas Tunggal Persada - Indonesia
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- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
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- Kobexindo Tractors - Indoneisa
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- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
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