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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, 08 February 16
DRY-BULK SHIPPING DIVING DEEP
COALspot.com: The freight markets continued to fall this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of glo ...
Monday, 08 February 16
DRY BULK: SHIPBROKER SEES BDI MARKET REACHING LOW POINT OF 236 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The endless pit that is the dry bulk market over the past two months, has been the issue of debate among ship owners, shipbroker and analysts alike ...
Friday, 05 February 16
COAL INDIA EYES COAL MINES IN SOUTH AFRICA - PTI
“Coal India Ltd has plans of acquiring coal mines in South Africa,” an official said. It is looking at acquiring mines in partnership w ...
Friday, 05 February 16
U.S. WEEKLY COAL OUTPUT ROSE 4.2% TO 13.6 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.6 million shor ...
Thursday, 04 February 16
CAPESIZE: WEST AUSTRALIAN TO CHINA HAS BEEN CONCLUDED AT US$ 2.85 PMT AND THE C3 MARKET REMAINS INACTIVE - FEARNLEYS
Capesize
As everyone is getting ready for the Chinese new year, already depressed rates are under further pressure.
According to Fearnleys, ...
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- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- The University of Queensland
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
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