Q4

New Partnership To Deliver High Speed Network in the Arctic!

  • OneWeb announced a new distributor partnership expected to enable delivery of its high speed communications services.
  • The services extend across Alaska and in he Arctic region.
  • The network is expected to enable regional initiatives such as the collection of climate data, and the growth of a digital economy.

The global communications company OneWeb announced a new distributor partnership expected to enable delivery of its high speed communications services across Alaska, reports Safety4sea.

Servi...

https://mfame.guru/new-partnership-to-deliver-high-speed-network-in-the-arctic/

Weak Capesize Demand Drags Down Baltic Dry Index

Capesize weakness drags on Baltic Dry Index, reports Seeking Alpha.

Capesize affecting Baltic index

The Baltic Dry Index fell 4.45% to 1,460 points in London off continued weakness with Capesize rates.

The drop in Capesize in Q4 has been unexpected and could pressure shippers looking to pass on the costs of IMO 2020.

Capesize rates plunged 8.86% to lead the index lower, while Panamax (+3.41%), Supramax rates (+0.10%) and Handyside rates (+0.12%) were all actually higher on the day.

The BDI has now...

http://mfame.guru/weak-capesize-demand-drags-down-baltic-dry-index/

Ocean Carriers Mend Their Q3 Margins With Lower Fuel Prices

Cheaper fuel prices saw ocean carriers improve their average operating margin to 3.6% in the third quarter, reports the Loadstar.

This compares with just 0.6% in Q3 last year and is despite a 1.8% decline in freight rates.

According to Alphaliner, the Q3 market leader was Hapag-Lloyd, with an operating margin of 7.8%, followed by Maersk, at 7.3%.

HMM has a negative quarter

Dragging down the average for the carriers that publish their results was HMM, with a negative operating margin of -5.7%,...

http://mfame.guru/ocean-carriers-mend-their-q3-margins-with-lower-fuel-prices/

S-Oil Seeks Stockpiling To Raise Q4 Refining Margins

  • S-Oil posted an operating profit of $196.78 million for the July-September period, down by 27%.
  • It is dragged down by inventory-related losses and scheduled refinery maintenance.
  • It sees an inventory build-up ahead of IMO 2020 supporting Q4 margins and expects heating oil demand also to strengthen refining margins.

According to an article published in Reuters, South Korea’s third-largest refiner S-Oil’s regional refining margins are expected to improve in the fourth quarter on the back of...

http://mfame.guru/s-oil-seeks-stockpiling-to-raise-q4-refining-margins/

Euronav: Summarizing The Tanker Market of 2018 And Beyond

  • Challenging freight market for crude oil tanker industry with reduced OPEC-driven production and excess supply of large tankers.
  • The highest level of older tonnage recycling since 1985 with VLCC rates returning to longer-term averages during Q4.
  • Longhaul destinations increasingly dominant, tightening the tanker market in the latter half of 2019.

Euronav, a publicly listed operator of large tankers, reflects on the main events in the large tanker market in the last twelve months.

Challenging...

http://mfame.guru/euronav-summarizing-the-tanker-market-of-2018-and-beyond/

American Shipping Company ASA Reports Q4 Results

On 28 February 2019, American Shipping Company ASA announced the results for fourth quarter ending 31 December 2018.

Report Highlights
  • Overseas Shipholding Group (“OSG”) exercised options to extend the bareboat charter agreements for all nine of AMSC’s vessels up for renewal
  • Stable Q4 bareboat revenue of USD 22.1 million and backlog of secured bareboat revenue of USD 302.7 million with average weighted tenor of 3.4 years
  • Normalized EBITDA for Q4 of USD 22.2 million
  • Adjusted net profit for Q4 of...

http://mfame.guru/american-shipping-company-asa-reports-q4-results/

+ More