Search results for: moodys

36 results

A list of search results

  • 1 December 2020
    Authorities & Government, Business & Finance, Business developments & projects, Environment, Exploration & Production, Market outlooks, Operations & Maintenance, Outlook & strategy, Rules & Regulation, Transition

    What will become of oil and gas exploration efforts in the near- and longer-term following a drastic decrease in the level of oil and gas investments?

  • 19 August 2019
    Business & Finance

    Panama Canal is “an underlying asset that is critical not only for Panama, but for international commerce,” Fitch said.

  • 1 April 2019
    Business & Finance

    The Expanded Panama Canal commemorated its 1,000th day in operation on March 22.

  • 20 December 2017
    Business & Finance

    Eletson Holdings has had its corporate family rating downgraded by Moody’s from B3 to Caa1.

  • 26 October 2017
    Business & Finance

    Faced with the lack of available funding, a growing number of shipping companies have taken advantage of the low interest rate environment and tapped the debt capital markets. There are several reasons behind such a trend, according to shipping consultancy Drewry. Among the main drivers of the increase in high yield bond volumes coming from the […]

  • 31 August 2017
    Business & Finance

    The Baa2 issuer rating and senior unsecured rating of Danish shipping and oil major Maersk have been placed on review for downgrade, according to Moody’s ratings agency. Additionally, the company’s senior unsecured medium-term note (MTN) programme’s (P)Baa2 rating was placed on review for downgrade as well. The rating action follows Maersk’s announcement that it agreed to […]

  • 28 April 2017
    Business & Finance

    Royal Caribbean Cruises Ltd. (RCL) today reported US GAAP and adjusted net income for the first quarter of 2017 worth USD 214.7 million, outperforming the company’s guidance for the period. This is a considerable increase when compared to US GAAP net income of USD 99.1 million and adjusted net income of USD 124.0 million in […]

  • 19 January 2017

    South Korea’s Kogas’ credit quality will not be immediately affected by its decision to invest in the Area 4 Coral South floating liquefied natural gas (FLNG) project in Mozambique, according to Moody’s Investors Service. On 18 January, Kogas’ board of directors approved an investment in the FLNG project, subject to a final investment decision by […]

  • 2 October 2016
    Business & Finance

    Drewry: Hanjin’s Misfortune Leaves Gap at THE Alliance Following the bankruptcy of South Korea’s container carrier Hanjin Shipping, the proposed carrier grouping THE Alliance is left at a size disadvantage to both its future rivals… Read More Hanjin Marine Arrives at NWSA Terminal The Hanjin Marine is the first Hanjin ship to call at one […]

  • 24 June 2016
    Business & Finance

    Japanese shipbuilding woes continued in May as well, as the country’s shipyards secured just eight export orders, totaling 290,400 gross tons, according to data released by Japan Ship Exporters’ Association (JSEA). The number of export orders more than halved during May, compared to the 17 export orders, totaling 1.46 million gross tons, that Japan received in the […]

  • 24 June 2016
    Business & Finance

    As the shipping industry is expected to see its earnings worsen, while freight rates are likely to remain “depressed amid ample supply,” the outlook for the global shipping industry over the next 12-18 months is negative, according to Moody’s rating agency. The aggregate EBITDA of Moody’s-rated shipping companies is expected to drop by 7%-10% in 2016, Moody’s Vice President and Senior Analyst, Mariko […]

  • 26 May 2016
    Business & Finance

    After it received a contract termination from the Brazilian mining giant Vale International, the Greek dry bulk shipping company Navios Maritime Holdings is standing its ground with intentions to take legal action against the company. At the end of March, the mining company informed that it will not be performing the 20-year service contract for the iron ore facility […]

  • 10 May 2016
    Business & Finance

    NYSE-listed tanker company Navios Maritime Acquisition has seen its outlook changed from stable to negative on the B2 corporate family rating (CFR) reflecting the increased contagion risk facing the company as a result of the challenges that its parent company, Navios Maritime Holdings, is encountering, Moody’s rating agency said. Moody’s has also changed the company’s outlook on B2-PD probability of default […]

  • 18 April 2016
    Business & Finance

    Bermuda-headquartered shipping company Teekay Corporation has seen its corporate family rating downgraded for the second time this year from B2 to B3 due to financial concerns, according to Moody’s rating agency. Furthermore, Moody’s said that it downgraded Teekay’s senior unsecured debt rating from B3 to Caa1, adding that the ratings are under review for further downgrade. “The rating downgrades reflect […]

  • 5 April 2016

    Japanese LNG project developer Inpex expects 26 billion yen ($235 million) in net profit for the fiscal year ended March 31, two times lower than its previous forecast of 52 billion yen. The company said in a statement on Tuesday it expects to book 67 billion yen ($606 million) in impairment charges for the fiscal […]

  • 20 March 2016
    Business & Finance

    Fincantieri’s Vard Enters Cruise Sector with Ponant’s Quartet Order Fincantieri’s Norwegian subsidiary Vard Holdings Limited (VARD), specializing in the design and shipbuilding of offshore and specialized vessels, has signed a Letter of… Read More VIDEO: AIDA Cruises Takes Delivery of AIDAprima German cruise line AIDA Cruises took delivery of AIDAprima, its first newbuild of a […]

  • 22 February 2016
    Business & Finance

    Tokyo-based shipping company Mitsui O.S.K. Lines (MOL) launched a domestic feeder service between Tokyo and the port of Sendai, Miyagi on February 16, 2016. According to the company, the new service will offer frequent connections between the two ports, while connecting with MOL’s global network through Tokyo and further enhancing MOL’s reefer service. The port rotation of the […]

  • 20 September 2015

    Japan to slash LNG imports by 2030 Japan’s Ministry of Economy, Trade and Industry revealed that the country plans to cut its dependence on fossil fuels in its energy mix which would result in the decrease of LNG imports. GE launches new gas turbine GE Oil & Gas has unveiled what it claims its most […]

  • 18 June 2015
    Business & Finance

    Rating agency Moody’s Japan K.K. downgraded Japanese shipping company Mitsui O.S.K. Lines’ (MOL) issuer rating from Baa3 to Ba1 on the ground of the company’s indebtedness and weak market conditions for container shipping and bulkers. “The rating action reflects our expectation that the company will not be able to deleverage fast enough to maintain its […]

  • 18 May 2015
    Business & Finance

    French CMA CGM, the world’s third largest container line, recorded a 419 percent increase in net profit and a 10.5 percent increase in volumes handled in the first quarter of 2015. The line ended the first quarter of 2015 with USD 406 million of consolidated net profit, a sharp increase compared to a USD 97 million net profit recorded […]

  • 12 April 2015

    BREAKING: Shell, BG forming LNG colossus Two of the world’s largest LNG players, Royal Dutch Shell and BG Group of UK, are about to reshape the global LNG industry. Moody’s expects more LNG projects to get canceled Liquefied natural gas suppliers are curtailing their capital budgets, amid low oil prices and a coming glut of […]

  • 12 April 2015

    BREAKING: Shell, BG forming LNG colossus Two of the world’s largest LNG players, Royal Dutch Shell and BG Group of UK, are about to reshape the global LNG industry. Moody’s expects more LNG projects to get canceled Liquefied natural gas suppliers are curtailing their capital budgets, amid low oil prices and a coming glut of […]

  • 11 January 2015
    Business & Finance, Equipment, Exploration & Production, Project & Tenders

    Dear readers, in today’s list of the most read articles of this past week is an article of the arrival of the Pieter Schelte vessel to Rotterdam.  To call it just a ‘vessel’ is an understatement. A platform installation / decommissioning and pipelaying vessel in one, it has been described as a twin-hull behemoth, a giant, the world’s […]

  • 7 January 2015

    Brent oil, a global benchmark for crude oil prices, plunged to $49.92 a barrel on Wednesday. According to Reuters, this is the lowest since May 2009. The news agency, citing analysts, said that the oil is falling due to an excessively abundant supply and weak global economy, and the prices are yet to reach bottom. […]

  • 23 November 2014

    Fred. Olsen Windcarrier Takes On Another OW Deal in U.S. The Lake Erie Energy Development Corporation (LEEDCo) announced today that experienced wind turbine installation firm Fred. Olsen Windcarrier AS is joining the development team for Project Icebreaker, an offshore wind demonstration project in Lake Erie. Offshore Wind Developers to Face Financing Problems, Moody’s Says While […]