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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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Friday, 18 March 16
DRY BULK MARKET HAS LITTLE TO LOOK FORWARD TO FROM CHINA AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s rebound is long overdue, but when it comes, it won’t be because of China’s strong demand for commodities, o ...
Friday, 18 March 16
COAL PRODUCTION IN THE UNITED STATES SLIGHTLY DECREASED THIS WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 12.5 million shor ...
Thursday, 17 March 16
THE PANAMAX MARKET SEEMS TO BE A BIT TOPPISH THIS WEEK - FEARNLEYS
Cape
There are challenging days with rates or less unchanged from last week; West Australia to China still below US$ 3 pmt, and Tuarao to China i ...
Wednesday, 16 March 16
OIL SUPPLY OUTPACES DEMAND ON ANY GIVEN DAY, AND BILLIONS OF BARRELS OF OIL ARE BEING STORED RATHER THAN CONSUMED - CHRISTOPHER
Oil producers have turned to the concept of limiting their output to January levels as a certain form of action to boost prices that have fallen mo ...
Tuesday, 15 March 16
PORT OF NEWCASTLE SHIPPED 12.78 MMT OF COAL IN FEBRUARY 2016
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped AU$1,110.5 mi ...
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Showing 2516 to 2520 news of total 6871 |
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- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- MS Steel International - UAE
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
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