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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, 07 March 16
FREIGHT MARKET MOVING POSITIVE; ALL SEGMENTS EXCEPT CAPE SHOWING A FIRM TREND
COALspot.com: The freight market was steady this past week and showing a firm trend for all segments except for Cape index.
The Baltic Dry Ind ...
Friday, 04 March 16
GLOBAL ECONOMY'S JITTERS ARE SLOWING DOWN SHIPPING EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The global economy’s shaky condition to say the least is now hampering growth and as a result demand for shipping is slowing down, something ...
Friday, 04 March 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALED 109.3 MMST; 30.2% LOWER THAN THE COMPARABLE YEAR-TO-DATE COAL PRODUCTION IN 2015 - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.1 million shor ...
Thursday, 03 March 16
INDIA'S BUDGET NOT ENOUGH TO BOOST STEELMAKERS' PROFITABILITY - FITCH RATINGS
COALspot.com: Fitch Ratings says that increase in proposed infrastructure spending in India's latest government budget is unlikely to provide a ...
Thursday, 03 March 16
BDI FURTHER STRENGTHENING; THE INCREASE IN RATES WAS NOT SUBSTANTIAL
COALspot.com: The BDI closed off on a positive note for a second week in a row, further strengthening the belief that the market might be bottoming ...
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- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Australian Coal Association
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Central Electricity Authority - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
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