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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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Monday, 17 September 18
SMALL PERCENTAGE OF THE WORLD FLEET WILL FIT SCRUBBERS - FORECASTS : METTE KRONHOLM FRAENDE
In recent months, there have been numerous reports of a strong pick-up in demand for scrubbers. On 1 January 2020, however, the number of ships fit ...
Saturday, 15 September 18
POWERING SUSTAINABLE DEVELOPMENT WITH LOW EMISSION COAL TECHNOLOGIES - WCA
In its 5th Strategic Energy Plan this year (2018), the Japanese Cabinet recognised coal as an important energy resource, necessary for the country& ...
Friday, 14 September 18
10 YEARS ON FROM LEHMAN, HOW IS SHIPPING'S "HANGOVER"? - CLARKSONS RESEARCH
On 15th September 2008, the collapse of Lehman Brothers crystallised the financial crisis and the onset the worst economic downturn for a century. ...
Thursday, 13 September 18
OPEC SEES SLOWER 2019 OIL DEMAND GROWTH, WARNS ON ECONOMY
Crude Oil Price Movements
In August, the OPEC Reference Basket declined by $1.01 m-o-m, settling at $72.26/b. Crude oil futures were also down ...
Thursday, 13 September 18
SUPRAMAX: INDO-INDIA COAL RUN WAS FIXED CLOSE TO $16000 ON ULTRA - FEARNLEYS
Capesize
Rates took a further drop in the beginning of the week, to later find a floor around mid-week reaching mid USD 7 level for c5 and just ...
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Showing 1616 to 1620 news of total 6871 |
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- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Australian Coal Association
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Minerals Council of Australia
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
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