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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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Thursday, 07 April 16
PANAMAX RATES ARE FIRMING IN BOTH HEMISHEPHERES - FEARNLEYS
Capesize
With a great volume our of west Australia, rates were finally moving to upper 3's. and stabilizing towards the middle of the week in ...
Thursday, 07 April 16
BIMCO AND GIIGNL PUBLISH A GROUNDBREAKING VOYAGE CHARTER PARTY FOR LNG TRADE
BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party & ...
Wednesday, 06 April 16
HOW LONG SHIPPING CRISIS WILL BE; WHEN SHOULD OWNERS EXPECT THE BULK CARRIERS TO BECOME PROFITABLE? - INTERMODAL
It is the consensus that dry bulk shipping has been in a crisis for quite some time now. Bulk carrier values are at historical low levels, therefor ...
Tuesday, 05 April 16
DRY BULK REVISITS 1980S LOWS AND FACES UNCERTAIN LONGER TERM OUTLOOK - MSI | HELLENIC SHIPPING NEWS
With the market near bottom, attention is turning to the length of the downturn, the effect on asset values and the impact of broader demand side c ...
Monday, 04 April 16
THE LOADING, AND SUBSEQUENT DISCHARGE, OF UNSAFE NICKEL ORE - ALL TIME TO 'COUNT' - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In a recent, published, London arbitration award the English tribunal has held that all time lost as a result of loading, ...
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- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
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