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Thursday, 06 December 18
DEMAND RISKS WEIGH ON GLOBAL SHIPPING SECTOR OUTLOOK - FITCH RATINGS
 The global shipping sector outlook remains negative reflecting the demand-side risks of protectionism and slower economic growth, Fitch Ratings says. Higher fuel costs and sulphur regulation will also put pressure on shippers. Partly offsetting an unfavourable environment are emerging signs of better capacity management by shipping companies, which is key to a sustainable balance and freight rates that support consistent profitability. We expect better fundamentals in container and dry bulk, while capacity growth will weigh on tankers. The key risk to shipping is an escalation of protectionist measures that would damage global trade and GDP growth.
Free global trade is vital for shipping development – about 80% of world trade in goods is carried by ships. More stringent fuel regulations regarding sulphur content could significantly increase operating costs and capex requirements in all shipping segments. This may negatively affect financials unless shippers pass these costs to customers. However, the product tanker market may benefit from these regulations as seaborne trade of low sulphur fuel is likely to increase as a result.
We expect healthy, albeit slower volume growth, in 2019 in container shipping. But supply and demand should be more balanced as fewer new vessels come onto the market. This should provide support to freight rates. Container shipping has become more consolidated with top five players accounting for 63% of the market in 2018 compared to only 31% in 2000, which is beginning to help with coordinated capacity deployment.
We expect freight rates in dry bulk to remain flat on average in 2019 based on balanced volumes and net fleet growth of about 3%. Any escalation of global trade conflicts, especially between the US and China, could affect cargo flows, especially for grains and minor bulk. However, we see the risk of a material reduction of overall demand and rates to be low. This is because commodity trade flows are likely to shift, rather than stop. For example, Chinese tariffs on US grain imports caused an increase in South American exports to China, while US soybeans have been directed to European and Middle Eastern markets.
Potential overcapacity weighs on the tanker sector. We forecast net tanker capacity to grow at about 3%, up from about 1.5% in 2018. The sector may face downside risks from oil demand and supply. US Energy Information Administration (EIA) forecasts global oil consumption in 2019 to rise 1.4%, down slightly from a 1.5% increase in 2018. The impact of US sanctions on Iranian crude oil exports as well as OPEC’s decision on production volumes in December meeting are likely to affect oil supply and, as a result, demand for tankers
Source: Fitch Ratings
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Sunday, 30 December 18
MAJOR LNG BUYERS' UNCONTRACTED DEMAND TO QUADRUPLE BY 2030 - WOOD MACKENZIE
Wood Mackenzie’s latest research reveals that uncontracted demand by the world’s seven largest LNG buyers could quadruple to 80 million ...
Saturday, 29 December 18
DELIVERY OF CARGO WITHOUT PRODUCTION OF THE ORIGINAL BILL OF LADING - TT CLUB
KNOWLEDGE TO ELEVATE
As the bill of lading is a document of title, a person presenting it to the carrier or its agent is ostensibly entitled t ...
Friday, 28 December 18
BIMCO 2020 SULPHUR CLAUSES: "A FAIR ALLOCATION OF RESPONSIBILITIES AND LIABILITIES'? - INCE & CO.
To assist owners and charterers to address the legal issues arising under any time charterparties, which will span the 1 January 2020 implementatio ...
Thursday, 27 December 18
DRY BULKERS SPOT FREIGHT MARKET W/E 21 DEC - ALLIED SHIPBROKING
Capesize
A negative week for the Capesize sector, as activity remained at low levels, especially in the Pacific, with rumors regarding agreed r ...
Thursday, 27 December 18
SHIPPING IS ENTERING A NEW ERA OF EVER CHALLENGING CONDITIONS - ALLIED
As we move closer to the end of the year and we look forward into New Year, we are still finding ourselves looking deep into a market outlook full ...
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Showing 1511 to 1515 news of total 6871 |
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- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- The Treasury - Australian Government
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- PTC India Limited - India
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
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