EXPANSION OF THE PANAMA CANAL AND ITS IMPACT ON TANKERS. José Ramón Arango S. Liquid Bulk Segment October 4th 2017

Size: px
Start display at page:

Download "EXPANSION OF THE PANAMA CANAL AND ITS IMPACT ON TANKERS. José Ramón Arango S. Liquid Bulk Segment October 4th 2017"

Transcription

1 EXPANSION OF THE PANAMA CANAL AND ITS IMPACT ON TANKERS José Ramón Arango S. Liquid Bulk Segment October 4th 2017

2 Agenda Panama Canal Expansion Panama Canal Expansion Performance Impact of the Expansion on Tankers The Next Frontier

3

4 Dimensions of Locks and Ships Maximum existing Locks: 4,400 TEU s 33.5 m (110 ) 32.3 m (106 ) m (39.5 ) 55 m (180 ) 12.8 m (42 ) 18.3 m (60 ) New Locks Max Vessel Size: 13,000 14,000 TEU s 15.2 m (50 )

5 Agenda Panama Canal Expansion Panama Canal Expansion Performance Impact of the Expansion on Tankers The Next Frontier

6 Expanded Canal Vessel transits (from 26-Jun-2016 to 02-Oct-2017) Container 1,105; 54.2% LPG 592; 29.0% LNG 174; 8.5% Dry Bulk 106; 5.2% RoRo Tankers/Oil Others Passengers 32; 1.6% 25; 1.2% 4; 0.2% 1; 0.0% Total 2,039 Neopanamax Updated as of 02-Oct-17 (inclusive)

7 Expanded Canal Vessel transits (from 26-Jun-2016 to 02-Oct-2017) Container 1,105; 54.2% LPG 592; 29.0% LNG Dry Bulk RoRo Tankers/Oil 174; 8.5% 106; 5.2% 32; 1.6% 25; 1.2% Others Passengers Panamax 4; 0.2% 1; 0.0% 236; 11.6% 2,039 Px 236 2,275 NPx Total Updated as of 02-Oct-17 (inclusive)

8 PCUMS Tonnage (Million Tons) 61.5% October to August Porta Porta conte nedor Container Grane lero Seco Dry Bulker Tanker vehic ulo/r o Ro RoRo Tanqu eros Pasaj ero Passenger Gaser os (LPG) LNG Otros Other LNG LPG Carga Refrig erada Refrigerated General Cargo Carga Gener al FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY % % % 2.5% % 2.1% 2.7% 1.9% 2.6% 4.2% % % % % % 16.7% % 14.2% 19.6% % 35.2% PANAMAX NEOPANAMAX AF2016 AF

9 Agenda Panama Canal Expansion Panama Canal Expansion Performance Impact of the Expansion on Tankers The Next Frontier

10 Panama Canal Tankers Traffic FY2010-FY2017 4,000 3, , Number of transits 2,500 2,000 1, , ,286 1,311 1,477 1,418 1,378 1,584 1,777 1,838 0 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 Chemical/Oil Tanker LPG Carrier Products Tanker Crude Oil Tanker LNG Carrier Chemical Tanker

11 Tanker Traffic FY2010-FY2017 4,000 3,500 3, , 1% Number of Transits 2,500 2,000 1,500 1,000 2,233 2,322 2,478 2,469 2,353 2,755 2,878 2,900 2,900, 80% 726, 20% 539, 15% 159, 4% FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 Panamax Neopanamax Panamax Neopanamax Tankers LPG LNG

12 Main Commodities Carried by Tankers FY2010-FY ,000 70,000 LNG LONG TONS OF CARGO (IN THOUSAND) 60,000 50,000 40,000 30,000 20,000 10,000 LPG Gasoline Diesel Crude Chemicals 0 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 OTHERS VEGETABLE OILS AND MOLASSES CHEMICALS PETROLEUM CHEMICALS CRUDE PETROLEUM DIESEL OIL GASOLINE JET FUEL LPG

13 Diesel Main Routes United States Mexico Guatemala Ecuador Peru Chile

14 Gasoline Main Routes United States Mexico Guatemala Ecuador Peru Chile

15 Crude Main Routes United States Mexico Bahamas Nicaragua Colombia Ecuador

16 Benzene Main Routes Japan United States

17 Neopanamax Tanker Statistics Tanker Vessel Type # Transits Cargo (LT) Laden Ballast Northbound Southbound Panamax Plus 6 246, Aframax , Suezmax 8 151, Total , Japan United States Panamax Plus Mainly Chemicals/petrochemicals Mexico Aframax Crude cargo Colombia Suezmax Crude cargo

18 Liquid Bulk Market Outlook Tanker Time Charter Evolution 45,000 40,000 40,875 35,000 30,000 28,750 30,000 25,000 20,000 15,000 15,750 18,000 14,625 10,000 12,500 13,000 13,000 5, Jan 2010-Mar 2010-May 2010-Jul 2010-Sep 2010-Nov 2011-Jan 2011-Mar 2011-May 2011-Jul 2011-Sep 2011-Nov 2012-Jan 2012-Mar 2012-May 2012-Jul 2012-Sep 2012-Nov 2013-Jan 2013-Mar 2013-May 2013-Jul 2013-Sep 2013-Nov 2014-Jan 2014-Mar 2014-May 2014-Jul 2014-Sep 2014-Nov 2015-Jan 2015-Mar 2015-May 2015-Jul 2015-Sep 2015-Nov 2016-Jan 2016-Mar 2016-May 2016-Jul 2016-Sep 2016-Nov 2017-Jan 2017-Mar 2017-May 2017-Jul 1 Year Timecharter Rate 150,000 dwt D / H Modern Tanker 1 Year Timecharter Rate 110,000 dwt D / H Modern Tanker 1 Year Timecharter Rate 74,000 dwt Modern Products Tanker

19 Tanker Fleet Capacity Current and Estimated by 2022 Tankers Actual Capacity (in million DWT) Tankers Capacity by 2022 (in million DWT) 26 5% 3, 4% 5, 7% % 87 15% 72 12% % 61 10% Handysize Handymax Panamax Aframax Suezmax VLCC 30, 43% 10, 14% 7, 10% 15, 22% Tanker Fleet Actual Fleet Total Capacity Fleet Tanker Fleet Order Book by 2022 Capacity Added by 2022 Panamax 4, ,680,738 Panamax ,926,914 88% Neopanamax 1, ,374,642 59% 87% Neopanamax ,662,656 56% Postpanamax ,318,999 Postpanamax 95 29,558,212 Grand Total 6, ,374,379 Grand Total ,147,782 Source: Clarksons Research, October 2017

20 Neopanamax Tanker Economics 160,000 dwt Suezmax 50 f 130,000 m. tons US crude oil API barrels WTI ,000,003 Colombian crude oils API barrels Caño-limon ,173 Vasconia ,238 Venezuelan crude oils Bachaquero Heavy ,057 Bachaquero Extra Heavy ,945 Tia Juana Light ,951 Brazilian crude oil Frade ,223 Ecuadorian crude oil Oriente ,504

21 Agenda Panama Canal Expansion Panama Canal Expansion Performance Impact of the Expansion on Tankers The Next Frontier

22 Areas with Development Potential Corozal Container Terminal Roll-on Roll-off Terminal Potential for a dedicated terminal for vehicle transshipment in Panama New container terminal to serve more than 5MM TEU. Logistics Park Offers a strategic location for distribution and value-added activities. Bunkering Opportunities to obtain a larger market share in vessel bunkering. LNG Terminal Capitalizes on global LNG flows by offering LNG bunkering to vessels. Competitive LNG traffic toll system will support U.S. to Asia market. Pipelines Opportunities related to the flow of petrochemicals and refined products from one ocean to the other. Vessel Repairs Services Facilities to provide major scheduled ship repairs, routine maintenance or emergency repairs. Top-Off Operations Potential for developing a ship-to-ship top-off operation in Panama. Power Generation Cost-competitive through the use of LNG as alternate fuel source.

23 EXPANSION OF THE PANAMA CANAL AND ITS IMPACT ON TANKERS José Ramón Arango S. Liquid Bulk Segment October 4th 2017

BUSINESS OVERVIEW FEBRUARY

BUSINESS OVERVIEW FEBRUARY BUSINESS OVERVIEW FEBRUARY 2018 Except for historical information, the statements made in this presentation constitute forward looking statements. These include statements regarding the intent, belief

More information

ORDERBOOK OBSERVER M A R C H

ORDERBOOK OBSERVER M A R C H ORDERBOOK OBSERVER M A R C H 2 1 7 Tanker Orderbook by Builder Country Rank Country No. Mn Dwt Mn CGT Tanker Orders by Size Segment Share (%) of Total 1 South Korea 18 25.5 5. 38.8% 2 China 159 21.1 4.3

More information

Evolving Global Oil Trade Flows. IEA-IEF-OPEC Joint Meeting Vienna, March 2018

Evolving Global Oil Trade Flows. IEA-IEF-OPEC Joint Meeting Vienna, March 2018 Evolving Global Oil Trade Flows IEA-IEF-OPEC Joint Meeting Vienna, March 2018 SHIFTING FLOWS: WHAT HAS THIS MEANT IN PRACTICE? US/Europe crude imports & exports Saudi crude to Poland Chinese teapots importing

More information

Emerging Trends in Petroleum Markets

Emerging Trends in Petroleum Markets Emerging Trends in Petroleum Markets For Defense Logistics Agency, Worldwide Energy Conference Washington, D.C. By T. Mason Hamilton, Petroleum Markets Analyst U.S. Energy Information Administration Independent

More information

Monthly Newbuilding Market Report

Monthly Newbuilding Market Report Monthly Newbuilding Market Report Issue: April 2016 Overview of Ordering Activity (per vessel type / Top Ranking of Contractors) page 1 Ordering Activity (No. of Units ordered, Dwt, Invested Capital) page

More information

BUSINESS OVERVIEW 12 February 2019

BUSINESS OVERVIEW 12 February 2019 BUSINESS OVERVIEW 12 February 2019 Except for historical information, the statements made in this presentation constitute forward looking statements. These include statements regarding the intent, belief

More information

Future Trends in the Global Bunker Market

Future Trends in the Global Bunker Market Future Trends in the Global Bunker Market Will Bathurst, Senior Analyst SSY Consultancy & Research Bunker Asia Forum Singapore, 7th Whilst care and attention has been taken to ensure that the information

More information

The Panama Canal: Modernization and Expansion

The Panama Canal: Modernization and Expansion The Panama Canal: Modernization and Expansion 26th Annual Summer Ports, Waterways, Freight & International Trade Conference June 26, 2001 Galveston, Texas Rodolfo Sabonge Director, Corporate Planning and

More information

Marine Money - Odfjell SE. Leveraging an industrial platform to outperform the cycle

Marine Money - Odfjell SE. Leveraging an industrial platform to outperform the cycle Marine Money - Odfjell SE Leveraging an industrial platform to outperform the cycle Odfjell SE - Key facts Established in 1914 Listed on Oslo Stock Exchange since 1986 One of the worlds largest operator

More information

All Aboard: The Dry Bulk Markets Changing Course. A Presentation to Global Grain Asia. by Janina Lam, Howe Robinson Shipbrokers

All Aboard: The Dry Bulk Markets Changing Course. A Presentation to Global Grain Asia. by Janina Lam, Howe Robinson Shipbrokers All Aboard: The Dry Bulk Markets Changing Course A Presentation to Global Grain Asia by Janina Lam, Howe Robinson Shipbrokers 12 th March 214 Index Value ( ) Baltic Dry Index 22 Today 12 BDI 9 BDI Annual

More information

Shipbuilding Statistics APRIL, 2017

Shipbuilding Statistics APRIL, 2017 Shipbuilding Statistics APRIL, 2017 Contents: Shipbuilding Statistics (APRIL, 2017) 1. World New Orders... 1 2. World Completions... 2 3. World Orderbook at Year-End... 3 4. World Merchant Fleets by Ship

More information

Ahead in experience. Alfa Laval PureSOx references

Ahead in experience. Alfa Laval PureSOx references Ahead in experience Alfa Laval PureSOx references Don t just comply be a step ahead You won t be alone in choosing a SOx scrubber. But you will be a step ahead, if you select the scrubber at the forefront:

More information

Shipbuilding Statistics SEPTEMBER, 2018

Shipbuilding Statistics SEPTEMBER, 2018 Shipbuilding Statistics SEPTEMBER, 2018 Contents: Shipbuilding Statistics (SEPTEMBER, 2018) 1. World New Orders... 1 2. World Completions... 2 3. World Orderbook at Year-End... 3 4. World Merchant Fleets

More information

GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ (201) August 24th, 2018 / Week 34

GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ (201) August 24th, 2018 / Week 34 GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ 07666 (201) 907-0009 August 24th, 2018 / Week 34 THE VIEW FROM THE BRIDGE Full report can be viewed on the Market Reports tab

More information

GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ (201) December 7th 2018 / Week 49

GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ (201) December 7th 2018 / Week 49 GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ 07666 (201) 907-0009 December 7th 2018 / Week 49 THE VIEW FROM THE BRIDGE Full report can be viewed on the Market Reports tab

More information

DRAFT Bay Wide Ocean-Going Vessel International Maritime Organization Tier Forecast

DRAFT Bay Wide Ocean-Going Vessel International Maritime Organization Tier Forecast 2017 DRAFT Bay Wide Ocean-Going Vessel International Maritime Organization Tier Forecast 2015-2050 JULY 2017 TABLE OF CONTENTS San Pedro Bay Ports Clean Air Action Plan SYNOPSIS... I 1.0 SAN PEDRO BAY

More information

Market Report Series: Oil 2018 Analysis & Forecasts to Energy Community 10 th Oil Forum, Belgrade, 25 September 2018

Market Report Series: Oil 2018 Analysis & Forecasts to Energy Community 10 th Oil Forum, Belgrade, 25 September 2018 Market Report Series: Oil 218 Analysis & Forecasts to 223 Energy Community 1 th Oil Forum, Belgrade, 25 September 218 Short term update: crude prices (excl. WTI) up strongly Aug/Sep $/bbl 8 Benchmark Crude

More information

December 22nd, 2017 / Week 51 THE VIEW FROM THE BRIDGE. Full report can be viewed on the Market Reports tab at the following link:

December 22nd, 2017 / Week 51 THE VIEW FROM THE BRIDGE. Full report can be viewed on the Market Reports tab at the following link: December 22nd, 2017 / Week 51 THE VIEW FROM THE BRIDGE Full report can be viewed on the Market Reports tab at the following link: www.compassmar.com Highlight of the week was the announced acquisition

More information

MALAYSIAN BULK CARRIERS BERHAD ( W)

MALAYSIAN BULK CARRIERS BERHAD ( W) www.maybulk.com.my MALAYSIAN BULK CARRIERS BERHAD (175953-W) Contents t Commercial highlights Page 3 MBC Fleet composition 4 Shipping Revenue Composition and Operating Profit 5 MBC Fleet TCE rates 6 Fleet

More information

Recent Developments in International Seaborne Trade and Maritime Transport

Recent Developments in International Seaborne Trade and Maritime Transport Recent Developments in International Seaborne Trade and Maritime Transport IFSPA, Hong Kong, 3-5 June 2013 Dr. Vincent F. Valentine Officer-in-Charge, Transport Section Division on Technology and Logistics

More information

Company Overview. Fleet Profile. Key Facts

Company Overview. Fleet Profile. Key Facts STIFEL Conference Presentation February 12, 2019 Company Overview Scorpio Bulkers Inc. ( Scorpio or the Company ) owns or finance leases 56 mid-size dry bulk Eco vessels with an average age of 3.0 years

More information

Trends in U.S. crude oil and petroleum product exports

Trends in U.S. crude oil and petroleum product exports Trends in U.S. crude oil and petroleum product exports For ENERCOM Oil & Gas Conference August 21, 218 Denver, Colorado By T. Mason Hamilton, Petroleum Markets Analyst, Office of Energy Markets and Financial

More information

Weak Real to Boost Brazil s Soybean Exports in 2016

Weak Real to Boost Brazil s Soybean Exports in 2016 United States Department of Agriculture Foreign Agricultural Service October 2015 Weak Real to Boost Brazil s Soybean Exports in 2016 Brazil s exchange rate is having a significant impact on domestic and

More information

Marine & Diesel Division

Marine & Diesel Division Marine & Diesel Division Peter Leifland Executive Vice President Alfa Laval Group Industry mix and growth drivers - Distribution of orders LTM September 2015 Ship building Marine Environ., Gas & Energy

More information

GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ (201) September 7th 2018 / Week 36

GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ (201) September 7th 2018 / Week 36 GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ 07666 (201) 907-0009 September 7th 2018 / Week 36 THE VIEW FROM THE BRIDGE Full report can be viewed on the Market Reports tab

More information

Multipurpose & Heavy-Lift Fleet Update BreakBulk Europe 2016

Multipurpose & Heavy-Lift Fleet Update BreakBulk Europe 2016 Multipurpose & Heavy-Lift Fleet Update BreakBulk Europe 2016 26 th May 2016 Agenda: No let-up: MPV/HL Fleet still under siege Vessel Supply Multipurpose vessels and project carriers Cargo Demand Dry cargo

More information

Expansion of the Panama Canal A Game Changer: Port of Houston and Beyond. Juan B. Sosa, Consul General of Panama CAPT Bill Diehl, USCG (Ret.

Expansion of the Panama Canal A Game Changer: Port of Houston and Beyond. Juan B. Sosa, Consul General of Panama CAPT Bill Diehl, USCG (Ret. Expansion of the Panama Canal A Game Changer: Port of Houston and Beyond Juan B. Sosa, Consul General of Panama CAPT Bill Diehl, USCG (Ret.) The Panama Canal How A Canal Works Suez Canal Type New Third

More information

DRY BULK FREIGHT MARKET OUTLOOK MJUNCTION INDIAN STEEL MARKETS CONFERENCE

DRY BULK FREIGHT MARKET OUTLOOK MJUNCTION INDIAN STEEL MARKETS CONFERENCE DRY BULK FREIGHT MARKET OUTLOOK MJUNCTION INDIAN STEEL MARKETS CONFERENCE JUNE 2018 PRESENTATION STRUCTURE where are we in the dry bulk freight market cycle? current freight rates in perspective fundamental

More information

The Tanker Sustainability Scenarios

The Tanker Sustainability Scenarios Prof Martin Stopford President, Clarkson Research The Tanker Sustainability Scenarios Future view of tanker Industry Intertanko Sustainability Day Grand Hotel, Oslo, 30 th May 2013 1. A word about scenarios

More information

Supplementary Report. -3rd Quarter of F February 2007 Kawasaki Kisen Kaisha, Ltd.

Supplementary Report. -3rd Quarter of F February 2007 Kawasaki Kisen Kaisha, Ltd. Supplementary Report -3rd Quarter of F26 - February 27 Kawasaki Kisen Kaisha, Ltd. 1. Shipping Markets 2. Financial Data 3. Historical Data - For 5 years - Supplemental Information-1 - Shipping Markets

More information

Commercial-in-Confidence Ashton Old Baths Financial Model - Detailed Cashflow

Commercial-in-Confidence Ashton Old Baths Financial Model - Detailed Cashflow Year 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 2,038 2,922 4,089 4,349 6,256 7,124 8,885 8,885 8,885 8,885 8,885 8,885 9,107

More information

The Impact of Shale Oil Production Growth in the US

The Impact of Shale Oil Production Growth in the US The Impact of Shale Oil Production Growth in the US Presentation to IMSF, Copenhagen By Selena Yan, Senior Analyst www.clarksons.com Disclaimer The material and the information (including, without limitation,

More information

TANKER MARKET INSIGHT

TANKER MARKET INSIGHT TANKER MARKET INSIGHT June 18 Research Department, Strategic Development May-17 Jun-17 Jul-17 Sep-17 Oct-17 Dec-17 Jan-18 Mar-18 Apr-18 May-17 Jun-17 Jul-17 Sep-17 Oct-17 Dec-17 Jan-18 Mar-18 Apr-18 $

More information

Indian Soybean Meal Exports Unlikely to Recover in 2015/16

Indian Soybean Meal Exports Unlikely to Recover in 2015/16 United States Department of Agriculture Foreign Agricultural Service November 2015 Indian Soybean Meal Exports Unlikely to Recover in Though once a significant regional exporter of soybean meal, India

More information

About the Japan LP Gas Association

About the Japan LP Gas Association About the Japan LP Gas Association Members Chairman LP Gas importers and producers based in Japan Tatsuhiko Yamasaki (President, Astomos Energy Corporation) Number of members 14 Established 1963 1 2 3

More information

A summary of national and global energy indicators. FEDERAL RESERVE BANK of KANSAS CITY

A summary of national and global energy indicators. FEDERAL RESERVE BANK of KANSAS CITY THE U.S. Energy DATABOOK A summary of national and global energy indicators JULY 1, 17 FEDERAL RESERVE BANK of KANSAS CITY SUMMARY OF CURRENT ENERGY CONDITIONS The number of total active drilling rigs

More information

GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ (201) June 8th, 2018 / Week 23 THE VIEW FROM THE BRIDGE

GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ (201) June 8th, 2018 / Week 23 THE VIEW FROM THE BRIDGE GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ 07666 (201) 907-0009 June 8th, 2018 / Week 23 THE VIEW FROM THE BRIDGE Full report can be viewed on the Market Reports tab at

More information

Shipping and Environmental Challenges MARINTEK 1

Shipping and Environmental Challenges MARINTEK 1 Shipping and Environmental Challenges 1 Development of World Energy Consumption 18000 16000 14000 12000 10000 8000 6000 4000 2000 0 World energy consumption 1975-2025 in MTOE 1970 1975 1980 1985 1990 1995

More information

Commercial Highlights

Commercial Highlights 1 3 Fleet Composition Tanker - as at 31 Dec Bulk Post-Panamax (5 vessels) 276,009 DWT Handysize (5 vessels) 435,260 DWT Supramax (5 Product Tanker (3 Carriers vessels) 156,302 DWT 142,129 DWT Grand-total

More information

Martin Stopford President, Clarkson Research

Martin Stopford President, Clarkson Research 9//5 Current and past policies for expanding maintaining or reducing shipbuilding capacity: OECD Working Party No 6 9 th November 5 Martin Stopford President, Clarkson Research Martin Stopford, Clarkson

More information

Global Oil&Gas Tanker Outlook

Global Oil&Gas Tanker Outlook MARSEILLE MARITIME 28 Global Oil&Gas Tanker Outlook ( and just a few words on containerships) Ralph Leszczynski Marseille, 16 September 28 banchero costa research www.bancosta.it - research@bancosta.it

More information

December 15th, 2017 / Week 50 THE VIEW FROM THE BRIDGE. Full report can be viewed on the Market Reports tab at the following link:

December 15th, 2017 / Week 50 THE VIEW FROM THE BRIDGE. Full report can be viewed on the Market Reports tab at the following link: December 15th, 2017 / Week 50 THE VIEW FROM THE BRIDGE Full report can be viewed on the Market Reports tab at the following link: www.compassmar.com The BCI index moved slightly lower at the end of the

More information

Newbuildings & Yards 20 June Marine Money Week New York Prepared by Angelica Kemene Head of Market Analysis & Intelligence

Newbuildings & Yards 20 June Marine Money Week New York Prepared by Angelica Kemene Head of Market Analysis & Intelligence Newbuildings & Yards 2 June 218 Marine Money Week New York Prepared by Angelica Kemene Head of Market Analysis & Intelligence Sectors: Cycle Position May 218 % deviation from earnings average 29-218 China

More information

The Great Eastern Shipping Co. Ltd. Business & Financial Review August 2011

The Great Eastern Shipping Co. Ltd. Business & Financial Review August 2011 The Great Eastern Shipping Co. Ltd. Business & Financial Review August 2011 1 Forward Looking Statements Except for historical information, the statements made in this presentation constitute forward looking

More information

The Tanker & Dry Cargo Outlook

The Tanker & Dry Cargo Outlook Prof President, Clarkson Research The Tanker & Dry Cargo Outlook Mareforum, Rome Grand Hotel Parco dei Principi, Rome 8 th May 213 Quo Vadis? 1. Where are we now? 2. How do markets behave? 3. Where are

More information

The Great Eastern Shipping Co. Ltd. Business & Financial Review June 2011

The Great Eastern Shipping Co. Ltd. Business & Financial Review June 2011 The Great Eastern Shipping Co. Ltd. Business & Financial Review June 2011 1 Forward Looking Statements Except for historical information, the statements made in this presentation constitute forward looking

More information

Tanker Market Outlook

Tanker Market Outlook Tanker Market Outlook 4 th Maritime Indonesia Simon Chattrabhuti, Director, Head of Tanker Market Analysis Jakarta, 22 March 212 Disclaimer THIS PRESENTATION IS CONFIDENTIAL AND IS SOLELY FOR THE USE OF

More information

Panama Canal Stakeholders Working Group Beaumont Briefing. Economy Environment Quality of Life

Panama Canal Stakeholders Working Group Beaumont Briefing. Economy Environment Quality of Life Panama Canal Stakeholders Working Group Beaumont Briefing Overview I. Sabine-Neches Waterway II. Sabine-Neches Navigation District III. Channel Improvement Project IV. Post Panama Canal Expansion 2 Sabine-Neches

More information

ERGMed Coastal. Refining

ERGMed Coastal. Refining ERGMed Coastal Refining 11 Refining Industry Trend: Capacity World total oil products demand and crude runs increasing, faster than refining capacity. World Source: International Energy Agency (IEA), Oil

More information

EURONAV TALKS IMO 2020 FROM THE VIEW OF A SHIPOWNER JUNE

EURONAV TALKS IMO 2020 FROM THE VIEW OF A SHIPOWNER JUNE EURONAV TALKS IMO 2020 FROM THE VIEW OF A SHIPOWNER JUNE 2018 1 IMO 2020 2 % weight permitted WHAT IS IMO 2020 I HAVE SEEN ONE BEFORE.BUT NEVER THIS BIG Hill 4.5% Cliff 4.0% 3.5% 3.0% Open Seas 2.5% 2.0%

More information

Soybean Trade Growth: A Story of Brazil, the United States, and China

Soybean Trade Growth: A Story of Brazil, the United States, and China United States Department of Agriculture Foreign Agricultural Service October 2017 Soybean Trade Growth: A Story of Brazil, the United States, and China 12-Month Soybean Export Growth Year Ending September

More information

Strategic Approach for Shipping Modernization In the Thailand

Strategic Approach for Shipping Modernization In the Thailand Strategic Approach for Shipping Modernization In the Thailand JETRO Singapore CAJS Japan Marine Science Inc. FEB. 2011 1 Ⅰ: Situation Summary Current Status and Issues Ⅱ: Key Elements for the development

More information

MARINTEK The Norwegian Marine Technology Research Institute

MARINTEK The Norwegian Marine Technology Research Institute MARINTEK The Norwegian Marine Technology Research Institute Ocean laboratory to test out offshore construction and vessel concepts 50 x 80 meter Towing tank 260 meter Engine laboratory Raiser laboratory

More information

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas ENERGY SLIDESHOW Updated: January 16, 2019 ENERGY PRICES www.dallasfed.org/research/energy Brent & WTI & Crude Brent Oil Crude Oil Dollars per barrel 140 120 100 Brent (Jan 11 = $58.64) WTI (Jan 11 = $50.78)

More information

GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ (201) June 22nd, 2018 / Week 25 THE VIEW FROM THE BRIDGE

GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ (201) June 22nd, 2018 / Week 25 THE VIEW FROM THE BRIDGE GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ 07666 (201) 907-0009 June 22nd, 2018 / Week 25 THE VIEW FROM THE BRIDGE Full report can be viewed on the Market Reports tab

More information

FY2012 third-quarter financial results

FY2012 third-quarter financial results FY2012 third-quarter financial results Nissan Motor Co., LTD. February 8, 2013 Key performance indicators: financial results (billion yen) Net revenue 6,698.4 6,755.2 Operating profit 427.8 Net income

More information

Port Botany. Trade Statistics Bulletin 1 July June 2018

Port Botany. Trade Statistics Bulletin 1 July June 2018 Port Botany Trade Statistics Bulletin 1 July 2017 30 June 2018 FY 2017/18 Port Botany Container Trade Jul 2017 Aug 2017 Sep 2017 Oct 2017 Nov 2017 Dec 2017 Jan 2018 Feb 2018 Mar 2018 Apr 2018 May 2018

More information

Pakistan Oilseed Processors Seize Opportunity to Crush Soybeans

Pakistan Oilseed Processors Seize Opportunity to Crush Soybeans United States Department of Agriculture Foreign Agricultural Service December 2015 Pakistan Oilseed Processors Seize Opportunity to Crush Soybeans Pakistan, long an importer of soybean meal, is transitioning

More information

European Power Workshop. David Goldsack Principal Coal Consultant, Global Energy Group

European Power Workshop. David Goldsack Principal Coal Consultant, Global Energy Group European Power Workshop David Goldsack Principal Coal Consultant, Global Energy Group Today s Presentation Upstream Coal Industry Transport Issues Contracting for Supplies Price Outlook Copyright 2007

More information

Capital Link's 4th Annual Invest in International Shipping Forum. Dr Hermann J. Klein, Member of Executive Board of GL

Capital Link's 4th Annual Invest in International Shipping Forum. Dr Hermann J. Klein, Member of Executive Board of GL Capital Link's 4th Annual Invest in International Shipping Forum The Added Value of Classification to Financial Institutions & Owners in Today's Capital Markets Dr Hermann J. Klein, Member of Executive

More information

Port Botany Trade Statistics Bulletin. 1 July May 2017

Port Botany Trade Statistics Bulletin. 1 July May 2017 Port Botany Trade Statistics Bulletin 1 July 2016 31 May 2017 YTD May 2017 Port Botany Container Trade Jul 2016 Aug 2016 Sep 2016 Oct 2016 Nov 2016 Dec 2016 Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017

More information

USE OF AIS-DATA TO ACHIEVE EFFICIENT SHIPPING SIRI STRANDENES, PROFESSOR NORWEGIAN SCHOOL OF ECONOMICS, BERGEN

USE OF AIS-DATA TO ACHIEVE EFFICIENT SHIPPING SIRI STRANDENES, PROFESSOR NORWEGIAN SCHOOL OF ECONOMICS, BERGEN USE OF AIS-DATA TO ACHIEVE EFFICIENT SHIPPING SIRI STRANDENES, PROFESSOR NORWEGIAN SCHOOL OF ECONOMICS, BERGEN Agenda CSL and NHH Energy efficiency and virtual arrival policy The impact of regional environmental

More information

Bulker and Tanker in Open Water and in Ice Dipl.-Ing. F. Mewis, HSVA Dipl.-Ing. J.-H. Hellmann, HSVA

Bulker and Tanker in Open Water and in Ice Dipl.-Ing. F. Mewis, HSVA Dipl.-Ing. J.-H. Hellmann, HSVA Bulker and Tanker in Open Water and Ice Page 1 Bulker and Tanker in Open Water and in Ice Dipl.-Ing. F. Mewis, HSVA Dipl.-Ing. J.-H. Hellmann, HSVA 1. Introduction During the last years a high number of

More information

The double hull - a two-edged sword?

The double hull - a two-edged sword? The double hull - a two-edged sword? World Maritime University 30 August 2006, Malmö Dr. Peter Swift Managing Director, INTERTANKO International Association of Independent Tanker Owners Represents responsible

More information

Aegean Marine Petroleum Network Inc.

Aegean Marine Petroleum Network Inc. Aegean Marine Petroleum Network Inc. First Quarter 2007 Conference Call May 24, 2007 Disclosure Today s s presentation and discussion will contain forward-looking statements within the meaning of the Private

More information

WHY CYPRUS? The international market & product flows

WHY CYPRUS? The international market & product flows WHY CYPRUS? The international market & product flows The rationale for the project - 1 To serve as a hub in the Eastern Mediterranean to capture the flows of!! Fuel Oil from the Black Sea to the East;!

More information

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas ENERGY SLIDESHOW Updated: March 13, 2018 ENERGY PRICES www.dallasfed.org/research/energy Brent & WTI & Crude Brent Oil Crude Oil Dollars per barrel 140 Brent (Mar 9 = $65.12) WTI (Mar 9 = $61.65) 120 100

More information

Harilaos N. Psaraftis Laboratory for Maritime Transport School of Naval Architecture and Marine Engineering National Technical University of Athens

Harilaos N. Psaraftis Laboratory for Maritime Transport School of Naval Architecture and Marine Engineering National Technical University of Athens Harilaos N. Psaraftis Laboratory for Maritime Transport School of Naval Architecture and Marine Engineering National Technical University of Athens Greece *Psaraftis, H.N. and C.A. Kontovas (2009), CO2

More information

Regulations : Compliance Challenges and Impact on Dry Bulk Overcapacity

Regulations : Compliance Challenges and Impact on Dry Bulk Overcapacity IFCHOR Research Regulations 2017-2020: Compliance Challenges and Impact on Dry Bulk Overcapacity Marine Money - Geneva Forum, June 2017 1 Regulations 2017-2020 Roadmap.... Compliance Challenges Low Sulphur

More information

Handelsbanken s. 5 th Transport Seminar. Billede. Michael Tønnes Jørgensen Executive Vice President & CFO. (Solnedgang?)

Handelsbanken s. 5 th Transport Seminar. Billede. Michael Tønnes Jørgensen Executive Vice President & CFO. (Solnedgang?) Handelsbanken s Billede 5 th Transport Seminar (Solnedgang?) 2010 Michael Tønnes Jørgensen Executive Vice President & CFO October 2010 THE PREFERRED PARTNER IN GLOBAL TRAMP SHIPPING. UNIQUE PEOPLE. OPEN

More information

FY 2006 Third Quarter Review

FY 2006 Third Quarter Review FY 26 Third Quarter Review February 2, 27 Nissan Motor Co., Ltd 1 Agenda Third quarter news update Sales performance Financial results FY6 Outlook Sustainable growth 2 Third quarter news update Oct 1)

More information

GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ (201) February 8th 2019 / Week 6

GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ (201) February 8th 2019 / Week 6 GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ 07666 (201) 907-0009 February 8th 2019 / Week 6 THE VIEW FROM THE BRIDGE Full report can be viewed on the Market Reports tab

More information

Share of Brazil s Soybean Exports to China Spikes in August

Share of Brazil s Soybean Exports to China Spikes in August United States Department of Agriculture Foreign Agricultural Service September 2018 Share of Brazil s Soybean Exports to China Spikes in August Monthly Share of Brazil's Soybean Exports to China 85% 75%

More information

THE AG INDUSTRY & THE PORT OF VIRGINIA: GROWING OUR ECONOMY

THE AG INDUSTRY & THE PORT OF VIRGINIA: GROWING OUR ECONOMY THE AG INDUSTRY & THE PORT OF VIRGINIA: GROWING OUR ECONOMY JOHN F. REINHART, CEO and EXECUTIVE DIRECTOR VIRGINIA PORT AUTHORITY Stewards of Tomorrow 1 AGENDA Performance update How we move Virginia s

More information

GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ (201) October 26th 2018 / Week 43

GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ (201) October 26th 2018 / Week 43 GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ 07666 (201) 907-0009 October 26th 2018 / Week 43 THE VIEW FROM THE BRIDGE Full report can be viewed on the Market Reports tab

More information

Port Botany Trade Statistics Bulletin. 1 July April 2017

Port Botany Trade Statistics Bulletin. 1 July April 2017 Port Botany Trade Statistics Bulletin 1 July 2016 30 April 2017 YTD April 2017 Port Botany Container Trade Jul 2016 Aug 2016 Sep 2016 Oct 2016 Nov 2016 Dec 2016 Jan 2017 Feb 2017 Mar 2017 Apr 2017 Export

More information

Research and Statistics Department FOR RELEASE 8:50 A.M. Thursday, July 26, All items

Research and Statistics Department FOR RELEASE 8:50 A.M. Thursday, July 26, All items Bank of Japan Research and Statistics Department FOR RELEASE 8:50 A.M. Thursday, July 26, 2018 Report on the Services Producer Price ( Preliminary Figures for 2018 ) The Services Producer Price (All items)

More information

Soybean and Oilseed Meal Import Prospects Higher as Severe Weather Damages EU Crops

Soybean and Oilseed Meal Import Prospects Higher as Severe Weather Damages EU Crops Million Tons Million Tons Million Tons United States Department of Agriculture Foreign Agricultural Service August 2018 Soybean and Oilseed Meal Import Prospects Higher as Severe Weather Damages EU Crops

More information

Coconut Oil Prices Spike

Coconut Oil Prices Spike United States Department of Agriculture Foreign Agricultural Service Coconut Oil Prices Spike Coconut oil prices have surged over the past year in contrast to the general downward trend in other vegetable

More information

Palm and Soy Oil Use Expands at Expense of Other Oils

Palm and Soy Oil Use Expands at Expense of Other Oils United States Department of Agriculture Foreign Agricultural Service September 2015 Revised on September 15, 2015 Palm and Soy Oil Use Expands at Expense of Other Oils As global demand for vegetable oil

More information

China 2017/18 Soybean Imports Soar on Appetite for Pork, Aquaculture, and Dairy

China 2017/18 Soybean Imports Soar on Appetite for Pork, Aquaculture, and Dairy United States Department of Agriculture Foreign Agricultural Service June 2017 China Soybean Soar on Appetite for Pork, Aquaculture, and Dairy China: Booming Farmed Aquaculture Production China: Record

More information

International Economic Outlook Impact on Global Shipping. International Propeller Club Convention Tampa, FL

International Economic Outlook Impact on Global Shipping. International Propeller Club Convention Tampa, FL International Economic Outlook Impact on Global Shipping International Propeller Club Convention Tampa, FL Captain John W. Murray October 7, 2010 Hapag-Lloyd The Company Headquarters in Hamburg, Germany

More information

As China s Soybean Oil Imports Fall, Production Expands

As China s Soybean Oil Imports Fall, Production Expands United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 10-10 October 2010 As China s Soybean Oil Fall, Expands 12 10 Million Metric Tons 8 6 4 2 0 2006/07 2007/08 China

More information

Product Tanker Market Outlook IMSF Geneva - May 2017

Product Tanker Market Outlook IMSF Geneva - May 2017 Product Tanker ket Outlook IMSF Geneva - 217 Global Presence 16 staff in strategic locations LONDON HOUSTON BEIJING SEOUL HONG KONG SINGAPORE Product Tanker ket Outlook 217 2 Where are we now? Product

More information

U.S. Soybean Exports Forecast to Reach Record

U.S. Soybean Exports Forecast to Reach Record United States Department of Agriculture Foreign Agricultural Service July 2017 U.S. Soybean Exports Forecast to Reach Record 60 Accumulated Exports by Week Total Commitments of Soybeans as of End of June

More information

Sous-groupe sur l'offre et la demande Sub-Group on Supply and Demand

Sous-groupe sur l'offre et la demande Sub-Group on Supply and Demand Non classifié/unclassified C/WP6/SG(2005)4/ADD1 C/WP6/SG(2005)4/ADD1 Non classifié/unclassified Organisation de Coopération et de Développement Economiques Organisation for Economic Co-operation and Development

More information

Overseas Market Conditions of Construction and Mining Equipment

Overseas Market Conditions of Construction and Mining Equipment 1 Overseas Market Conditions of Construction and Mining Equipment December 17, 2012 Hisashi Shinozuka Senior Executive Officer President of Construction and Mining Marketing Division Komatsu Ltd. 2 1.

More information

China s Global Peanut Export Share Declines

China s Global Peanut Export Share Declines United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 07-13 China s Global Peanut Export Share Declines U.S. 10% Others 19% Argentina 17% U.S. 11% Others 16% Argentina

More information

Drought Forecast to Reduce Australian Rapeseed Exports in 2007

Drought Forecast to Reduce Australian Rapeseed Exports in 2007 United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 11-06 November 2006 Drought Forecast to Reduce Australian Rapeseed Exports in 2007 1800 1600 1400 1200 1000 800

More information

Sous-groupe sur l'offre et la demande Sub-Group on Supply and Demand

Sous-groupe sur l'offre et la demande Sub-Group on Supply and Demand Non classifié/unclassified C/WP6/SG(004)5/ADD C/WP6/SG(004)5/ADD Non classifié/unclassified Organisation de Coopération et de Développement Economiques Organisation for Economic Cooperation and Development

More information

Q M c. McQuilling Services. Tanker Market Outlook Managing Performance in Extreme Markets. INTERTANKO Conference, Istanbul April 2008

Q M c. McQuilling Services. Tanker Market Outlook Managing Performance in Extreme Markets. INTERTANKO Conference, Istanbul April 2008 Tanker Market Outlook Managing Performance in Extreme Markets INTERTANKO Conference, Istanbul April 2008 INTERTANKO, Istanbul, April 2008 Slide 1 2007: An Extreme Year Preface The Influence of Fundamentals

More information

DRY CARGO Ocean Freight Report. Fonasba AGM Varna, Bulgaria October 14, 2010

DRY CARGO Ocean Freight Report. Fonasba AGM Varna, Bulgaria October 14, 2010 DRY CARGO Ocean Freight Report Fonasba AGM Varna, Bulgaria October 14, 2010 The Latest Darling of the Financial Pundits THE BALTIC DRY INDEX http://www.bloomberg.com/apps/quote?ticker=bdiy:ind#chart INTERACTIVE

More information

Early-Season U.S. Soybean Meal Sales Surge

Early-Season U.S. Soybean Meal Sales Surge United States Department of Agriculture Foreign Agricultural Service November 2014 Early-Season U.S. Soybean Meal Sales Surge U.S. soybean meal export commitments (accumulated exports plus outstanding

More information

Thailand Ethanol Situation: Overview & Update (Part II) By Ugrit Asadatorn (Ph.D.) March 25, 2010

Thailand Ethanol Situation: Overview & Update (Part II) By Ugrit Asadatorn (Ph.D.) March 25, 2010 Thailand Ethanol Situation: Overview & Update (Part II) By Ugrit Asadatorn (Ph.D.) March 25, 2010 Beginning of 2007 Demand (Consumption) 400,000-500,000 Litres/day Target 800,000 Litres/day Supply (Capacity)

More information

Sharp Decline in Vegetable Oil Stocks Leads to Steeply Higher Prices

Sharp Decline in Vegetable Oil Stocks Leads to Steeply Higher Prices United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 1-11 Sharp Decline in Vegetable Oil Leads to Steeply Higher Prices Commodity prices have been on an upward trend

More information

Q Analyst Teleconference. 9 August 2018

Q Analyst Teleconference. 9 August 2018 9 August 218 Disclaimer This presentation contains forward-looking statements that reflect the Company management s current views with respect to certain future events. Although it is believed that the

More information

CLARKSON RESEARCH SERVICES LTD

CLARKSON RESEARCH SERVICES LTD Tanker Market Outlook In its second year of the eruption Martin Stopford, Managing Director, Clarkson Research 1th May 21 Today s Agenda 1) How the Eruption s Going 2) The Tanker Market Model 3) The World

More information

METHANOL SHIPPING: SAILING TOWARDS NEW HORIZONS 19 TH IMPCA ASIAN METHANOL CONFERENCE QUINCANNON ASIA PTE LTD KARAN GROVER

METHANOL SHIPPING: SAILING TOWARDS NEW HORIZONS 19 TH IMPCA ASIAN METHANOL CONFERENCE QUINCANNON ASIA PTE LTD KARAN GROVER METHANOL SHIPPING: 19 TH IMPCA ASIAN METHANOL CONFERENCE SAILING TOWARDS NEW HORIZONS 2 3 NOVEMBER, 2016 SINGAPORE QUINCANNON ASIA PTE LTD KARAN GROVER 2 AGENDA METHANOL TRADE DYNAMICS IN BRIEF METHANOL

More information

Macroeconomic Outlook. Presented by Dr. Bruce A. Scherr Chairman of the Board Chief Executive Officer Emeritus

Macroeconomic Outlook. Presented by Dr. Bruce A. Scherr Chairman of the Board Chief Executive Officer Emeritus Macroeconomic Outlook Presented by Dr. Bruce A. Scherr Chairman of the Board Chief Executive Officer Emeritus Waterways Symposium Cincinnati, OH November 15-17, 2016 Topics Energy Macro Implications Inflation

More information

Port Restrictions (Venezuela)

Port Restrictions (Venezuela) 1 Pier Amuay Bay Pet Coke Max. LOA Max Air Draft (water line to hatch coaming) Min Arrival Draft Max Sailing Draft Stowage Factor Loading Rate Loading Equipment Bunkers 265 mtrs 18,5 mtrs (Propeller Submerged)

More information