title of presentation · shipping fleet distinct segments . dry bulk barometer of global economy ....

Shipping Outlook

Singapore

Jan 15, 2015

John Mathai

jmathai@bloomberg.net

Content

01

02

03

04

05

Impact of Fuel Regulations

Segments: Dry Bulk, Tanker, Containers

The Emergence of Gas

Shipping Companies

Polling

Fuel 101 Bunker Vs Gasoil

Emission Control Areas Lower Sulfur Content

Emission Control Areas Lower Sulfur Content

Regulations Maximum Sulfur Content in Fuels

Fuel Market Changing Dynamics

3.

Increase in

Operating Costs

Distillates Vs

Bunker Market

Share

Gasoil Premium

1. 2.

3.

Evolution of Ship

Design

3. 4.

Shipping Fleet Distinct Segments

Dry Bulk Barometer of Global Economy

Baltic Dry Index Link to Shipping Companies

Dry Bulk Capacity Control, China Demand

Slow Steaming Latent Capacity

Companies Exposed to Dry Bulk Market Share based on Revenue

Companies Exposed to Dry Bulk Market Share based on Revenue

Containers Under Pressure

Importance of Scale Cost Control

Containers Lack of Pricing Power

Congestion Causing Modal Shifts

3.

3.

Companies in Container Shipping Market Share based on Revenue

Companies in Container Shipping Market Share based on Revenue

Tanker Markets Shifting Trade Flows

Tanker Markets Shifting Trade Flows

LNG Tankers Supply from New Capacity

LNG Tankers Consumption Demand

LNG Tankers Increase in Ton Miles

Panama

Canal

Cape

Horn

Companies Exposed to Tankers Market Share based on Revenue

Companies Exposed to Tankers Market Share based on Revenue

Shipping Stocks Trailing Benchmarks

Summary

01

02

03

04

05

Regulations will Hurt Margins

Overcapacity Continues to be a Problem

Fuel Price Drop is Positive for Industry

Segments Like Tankers & LNG looks Positive

Companies may be in Better Financial Footing in 2015

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