S&P

Marcon releases new offshore support vessel report

Nothing is a better indicator of what’s going on in a given sector than what’s happening in the sale and purchase (S&P) market and Coupeville, Wash., shipbroker Marcon International has just released its latest report on the offshore support vessel market.

Marcon says that of the 13,293 vessels and 3,749 barges it trackedm as of mid-September 2023, 2,933 are supply and tug supply boats, with 207 officially on the market for sale. The brokerage notes that, 50.00% of foreign and 67.01% of U.S....

https://www.marinelog.com/offshore/marcon-releases-new-offshore-support-vessel-report/

Marcon releases new tank barge market report

Tank barge report pie chart

What’s ahead in the tank barge market? Some clues could come from the vessel S&P (sales & purchase) market and Coupeville, Washington, based shipbroker Marcon International has just published its latest data-packed tank barge market report.

In its comments on current market conditions, Marcon says that rampant inflation in the commercial marine industry is causing all costs in the tank barge sector to rapidly rise.

“Oil prices have soared since the February 2022 Russian invasion of Ukraine and...

https://www.marinelog.com/inland-coastal/marcon-releases-new-tank-barge-market-report/

Heavy-lift operator AAL buys two ships and plans to build four more

Pictured: a fully-laden heavy lift / multi-purpose ship operated by AAL. Photo supplied by AAL.

Specialist heavy lift project carrier, AAL Shipping (AAL) has bought two 33,000 deadweight heavy lift ships and has given an update on its newbuilding plans.

The two newly-bought vessels are, the ‘AAL Mars’ and the ‘AAL Merkur’. The vessels have been serving within AAL’s operating fleet worldwide on a commercial management basis.

AAL has also given an update on the progress of its ‘third-generation’...

https://www.shippingaustralia.com.au/heavy-lift-operator-aal-buys-two-ships-and-plans-to-build-four-more/

Moody’s & S&P Upgrade Corporate & Senior Unsecured Bond Rating

  • Container shipping has performed strongly despite the pandemic.
  • Hapag-Lloyd with robust operating performance in the current market environment.
  • Debt reduction has clearly exceeded expectations.

According to a press release published by Hapag Lloyd, The rating agencies Moody’s Investor Service (Moody’s) and Standard & Poor’s Global Rating (S&P) have published updated credit ratings for Hapag-Lloyd.

Moody’s upgrade

Moody’s raised Hapag-Lloyd’s credit rating by one notch, from ‘Ba3’ to ‘Ba2’. In...

https://mfame.guru/moodys-sp-upgrade-corporate-senior-unsecured-bond-rating/

S&P affirms UK P&I Club’s A rating

S&P affirms UK P&I Club’s A rating – confirms “very strong” capital but changes outlook

On 30th October 2020 ratings agency Standard & Poor’s released a research update on the UK Club and affirmed the Club’s ‘A’ rating. In doing so S&P confirmed the UK Club’s capital as being “very strong” and at the ‘AAA’ level on its capital model. Nevertheless, the agency amended the outlook from stable to negative. S&P reports that, in general, “Protection and indemnity (P&I) clubs are facing a high number...

https://www.allaboutshipping.co.uk/2020/10/30/sp-affirms-uk-pi-clubs-a-rating/

Significant earnings jump spurs Hapag-Lloyd forecast revision

Hapag-Lloyd has raised its full-year forecast based on preliminary third-quarter figures showing a year-over-year earnings jump of €96 million ($112 million). 

Hapag-Lloyd, the world’s fifth-largest container carrier, said in an announcement Thursday that “due to the positive development in Q3,” it was raising its 2020 earnings before interest and taxes (EBIT) forecast to between €1.1 billion and €1.3 billion ($1.28 billion to $1.52 billion) and earnings before interest, taxes, depreciation and...

https://www.freightwaves.com/news/significant-earnings-jump-spurs-hapag-lloyd-forecast-revision

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