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Outlook 2016: Wall Street signals red on shipping

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Fairplay daily newswire logo 2016

4 January, 2016
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Outlook 2016: Wall Street signals red on shipping

The steep slide in public values suffered by US-listed shipowners in 2015 implies a highly negative outlook for recovery prospects in 2016 and suggests that even tighter capital constraints lie ahead.

Supply growth & financing in focus as tanker market enters 2016

As the crude oil market remains well supplied with production and prices consequently low, the demand side remains encouraging, but increasing supply of tonnage raises questions about the sustainability of the current strong cycle in the tanker business.
The collapse of investor faith in Master Limited Partnerships (MLPs) has played an outsized role in the plunging value of US-listed shipping companies in 2015, according to a new data analysis by IHS Fairplay.

 No rebound in 2016, says ‘K’ Line chief

There will be no sustained recovery in the dry bulk or container shipping sectors this year amid overcapacity in the industry and slowing demand for raw materials from China, said ‘K’ Line president and CEO Eizo Murakami.

 Cambodia’s largest port plans 2016 listing on CSX

Sihanoukville Autonomous Port (SAP), the operator of Cambodia’s largest port, plans to list on the Cambodia Securities Exchange (CSX) in the first half of 2016.
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FROM THE EDITOR Thick-rule-drk-blue-500.jpg

With the new  year upon us, the crude tanker sector continues to enjoy the good times. But analysts are warning that a growth in the global tanker fleet spells trouble ahead once the upside of the current crude tanker cycle subsides. The dry bulk market serves as fair warning about what an over-optimistic outlook can do to sector. With tanker tonnage predicted to increase by 4.4% this year, it would be understandable if investors adopted a more cautious stance towards the crude tanker sector. Follow developments on the tanker sector this year via IHS Fairplay and its network of correspondents.

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