Tanker earnings

 

 

 

Impact of oil prices on Teekay’s tanker earnings

Tanker earnings

Brent oil benchmark prices have been the lowest since November 2010. This was 25% lower than levels experienced at the recent peak in July of 2014, mainly due to supply exceeding demand. The dip in prices was caused by surplus of light sweet crude in the Atlantic region and the return of Libyan volumes. Broader industry factors include a continued increase in U.S. shale production and recent downward revisions to global gross domestic product (or GDP) and oil demand. After the Vienna meet, Brent oil prices have dipped to a five-year low of $68.

 

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Teekay Tankers believes that these lower oil prices are likely to persist in the near term as the Organization of the Petroleum Exporting Countries (or OPEC) appears ready to maintain current production levels and compete on price by lowering its official selling prices (or OSPs

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 http://marketrealist.com/2014/12/teekay-tankers-overview-earnings-fleet/

 

Double-digit returns long way off, says shipping broker

 

 

 

Double-digit returns long way off, says shipping broker

07 December 2014
 
Bulkers waiting to load off Dalrymple Bay, Australia. Photo: Southern Cross Maritime

GERMANY: Distressed asset investors and hedge funds chasing ship buying opportunities could be bitterly disappointed even if freight and second-hand markets pick up over the coming years.

Double-digit returns per annum, as targeted by many private equity investors, are likely to remain an absolute exception, according to Germany's Ernst Russ Shipbroker.

Current second-hand price levels for bulk carriers appear to be based on a much less bullish but probably more realistic earnings expectation in the mid single-digit range, the dry cargo and container ship broker points out in its latest monthly Maritime Overview report.

Average prices for five-year old Capesize and

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India to renew exemption granted to vessel sharing pacts of container lines

Globally, vessel sharing agreements seek to improve productivity and frequency of sailings and port calls, improve scheduling through the use of more modern vessels and other equipment, including port facilities. Photo: Bloomberg

India is set to renew the exemption granted to vessel sharing agreements (VSAs) among container shipping lines from the provisions of the country’s antitrust law.

The initial exemption given for a one-year period ends on 10 December.

A meeting held by the government with the stakeholders earlier this month to review the functioning of VSAs took note of the fact that there were no complaints against such agreements during the year-long exemption period.

It did not put barriers for new entities into joining such agreements nor did it adversely impact the existing shipping

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Star Bulk Carriers Corp. Downgraded by Zacks (SBLK)

 

 

 

 

 
 
 
 

 

Star Bulk Carriers Corp. (NASDAQ:SBLK) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Friday. They currently have a $6.70 target price on the stock. Zacks‘s price target suggests a potential downside of 5.50% from the stock’s previous close.

Star Bulk Carriers Corp. (NASDAQ:SBLK) traded down 1.27% during mid-day trading on Friday, hitting $7.00. The stock had a trading volume of 170,699 shares. Star Bulk Carriers Corp. has a one year low of $6.27 and a one year high of $15.88. The stock’s 50-day moving average is $9.09 and its 200-day moving average is $11.32. The company’smarket

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Russian Recession Risk Seen at Record as Oil Saps Economy

 

 

Russia will sink into recession at a Urals price of $80 a barrel, seven years after its economy grew8.5 percent when its chief export oil blend averaged near $70, according to a Bloomberg survey of analysts.

Urals at $80, or about $3 cheaper than its average in the month through November 15, will tip Russia into a contraction, according to the median estimate of 32 economists. The probability of a recession in the next 12 months rose to 75 percent, the highest since the first such survey more than two years ago, according to another poll.

Russia, which receives about half of its budgetrevenue from oil and gas taxes, is closing in on its

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