Search results for: rates

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  • 1 August 2017
    Business & Finance

    Dubai-based port and terminal operator DP World has seen its Long-Term Issuer Default Rating (IDR) upgraded to BBB+ from BBB and Short-Term IDR affirmed at F2 by ratings agency Fitch Ratings. Fitch Ratings added that the rating outlook is stable. This follows on Fitch’s rating upgrade in August 2016 from BBB- to BBB and reflects DP […]

  • 24 November 2015

    The 2016 sector outlooks for the U.S. oil & gas and oilfield services sectors are negative, according to Fitch Ratings, pressured by global supply/demand challenges, the threat of persistently low oil prices, and sharp capex cuts. “Capital markets access has been fickle for high-yield names, with many issuers resorting to self-help measures as a lifeline […]

  • 2 December 2019

    Based on Fitch Ratings’ new report on the shipping sector’s outlook, there is little room for optimism.

  • 22 January 2018
    Business & Finance

    Spot rates rise in the Asia-US East Coast trade, but remain well below the same period last year.

  • 7 May 2015
    Business & Finance

    Having reported 3% year-on-year first quarter cargo growth from Asia to the U.S., container shipping lines in the Transpacific Stabilization Agreement (TSA) said that they foresee a stronger second quarter and a continuing need to improve revenue and restore service levels as the West Coast congestion situation eases. TSA indicated that stable, compensatory rate levels […]

  • 22 May 2019
    Business & Finance

    Siemens Gamesa Renewable Energy (SGRE) has been assigned a BBB long-term credit rating with stable outlook by Fitch. The agency attributes the rating to Siemens Gamesa’s consolidated leading position in the wind industry, with the necessary technical capabilities and scale to compete globally in an industry that is concentrated, volatile and highly competitive, Siemens Gamesa […]

  • 16 July 2012

      After showing some strong gains in the first quarter the shipping industry has fallen sharply since then. The Guggenheim Shipping ETF (SEA) has fallen over 14 percent over the last three months, FiveStarEquities reports. The recent rally in Panamax shipping rates could be coming to an end as China begins to hoard record coal stocks. […]

  • 29 September 2015

    China’s slower growth and economic transition will pose significant risks for the shipping sector, which already faces overcapacity, weak freight rates and stretched financials, according to rating agency Fitch Ratings. Fitch believes that these pressures will probably lead to bankruptcies among smaller unrated shippers and may drive consolidation. The impact, however, is likely to vary […]

  • 8 March 2017

    The Baltic Dry Index (BDI) has surged on Tuesday, March 7 to a new twelve-week high of 1,033 points, up by 54 points when compared to last week. The rise has been driven by an increase in rates across the sector, but spurred primarily by Capesizes. Specifically, the Capesize index jumped by 211 points to 1,556 points, […]

  • 8 September 2016
    Business & Finance

    The Panama Canal Authority’s (ACP) Long-Term Issuer Default Rating (IDR) and its USD 450 million senior unsecured notes have been both rated at ‘A’ by international ratings agency Fitch Ratings, “reflecting the ACP’s solid revenue profile and low leverage levels,” according to the authority. Fitch Ratings said that the rating outlook is stable, noting the Panama Canal’s resilience to economic […]

  • 22 May 2019
    Business & Finance

    Siemens Gamesa Renewable Energy (SGRE) has been assigned a BBB long-term credit rating with stable outlook by Fitch. The agency attributes the rating to Siemens Gamesa’s consolidated leading position in the wind industry, with the necessary technical capabilities and scale to compete globally in an industry that is concentrated, volatile and highly competitive, Siemens Gamesa […]

  • 11 November 2019
    Business & Finance

    New charters at favorable rates and extended debt maturities were just some of the factors that led to the upgrade.

  • 29 September 2015

    China’s slower growth and economic transition will pose significant risks for the shipping sector, which already faces overcapacity, weak freight rates and stretched financials, according to rating agency Fitch Ratings. Fitch believes that these pressures will probably lead to bankruptcies among smaller unrated shippers and may drive consolidation. The impact, however, is likely to vary […]

  • 12 November 2019
    Business & Finance

    Drewry’s World Container Index swelled by USD 210 in the past two weeks.

  • 28 September 2016
    Business & Finance

    Denmark-based shipping and oil company A.P. Møller-Mærsk’s Baa1 issuer rating, Baa1 senior unsecured rating and the (P)Baa1 medium-term note (MTN) program rating were placed on review for downgrade, according to Moody’s rating agency. This follows the company’s announcement that it will become an integrated transportation and logistics company while separating the oil and oil related activities […]

  • 27 June 2016

    Opening of the Panama Canal’s new locks may be a boom for Panama, shippers, US/Caribbean consumers and businesses, however, it could be seen as a possibly impeding financial disaster for the carriers, according to benchmarking and market intelligence platform for containerized ocean freight Xeneta. The new, Expanded Panama Canal promises more transits, potentially doubling the canal’s […]

  • 16 February 2017

    Although the liquefied petroleum gas (LPG) shipping trade is expected to continue growing on the back of strong Asian demand, the rates could fall further in 2017 due to continued oversupply, according to shipping consultancy Drewry. 2017 is expected to be no different from 2016, when LPG shipping rates were under pressure across all size […]

  • 22 January 2013
    Business & Finance

    Tanker owners enjoyed a strong rise in earnings last month despite a downturn in activity. The Drewry Tanker Earnings Index, published monthly in the Tanker Insight report, recovered in the last month of 2012 to finish above the two-year average. However, vessel earnings are still far from comfortable for owners. Spot chartering activity remained weak […]

  • 1 December 2016
    Business & Finance

    Muted demand growth will exacerbate overcapacity for the shipping sector in 2017, putting pressure on freight rates and driving further consolidation and defaults, according to Fitch Ratings. Fitch expects performance in all segments to be under pressure and has therefore maintained its negative sector outlook. However, tanker shipping will face slightly less stress than dry bulk and […]

  • 29 May 2017
    Business & Finance

    The majority of container shipping lines lost money in the first three months of 2017, but higher rates and fast-growing demand will soon show on the bottom line, according to shipping consultancy Drewry. In its last Container Forecaster report, Drewry said that the industry would make an operating profit of about USD 1.5 billion in […]

  • 24 October 2017
    Business & Finance

    Lower spot market rates in general, and specifically in oil and chemicals transportation, affected the National Shipping Company of Saudi Arabia (Bahri) as it saw a drop in its net profit in 2017. The company’s net profit for the third quarter ended September 30, 2017 was at SAR 60.5 million, plunging by 80.8 percent from […]

  • 14 February 2018
    Business & Finance

    There is a possibility that US may withdraw from NAFTA, according to Emma Griffith, Fitch Ratings.