A structural model for forecasting the shipping marketIlias Lekkos
The aim οf this study is to develop an econometric model describing the evolution of new-build and second-hand ship prices. While this model was developed originally to address internal needs within the Piraeus Bank Group, we believe that both our modelling methodology and the broader “philosophy” of our approach could be of wider interest.
The ability to identify the factors that affect the shipping market can be used in a number of ways, such as:
Estimate the “fair” value in the new-build and second-hand market and assess current market pricing vs fair-valuation levels.
Allow banks to assess the future evolution of the value of shipping loan collaterals (i.e. the value of the ship underlying the loan).
To be used for risk management purposes by assessing the sensitivity of the collaterals under a series of explanatory factors.
Create long-term forecasts under alternative macroeconomic scenarios.
Transport and Logistics
- With effect from 1st January 2017 the five businesses
were consolidated into Transport & Logistics and the
operational integration has started
- The new strategy focusing on cost leadership, customer
experience and growth was announced at CMD
- Synergies of around USD 150m are expected in 2017
from integration of businesses
- Tight capital discipline has been implemented
- Due diligence process of Hamburg Süd is progressing
according to plan with expectations of final agreement
signed early Q2 2017
Energy
• The businesses in Energy continue to be managed and
operated as individual companies to optimise
shareholder value
• Organisational setup in place to find sustainable
solutions for the oil- and oil related businesses in the
Energy division
• Tight capital discipline has been implemented
• Update on progress on finding the structural solutions,
which include mergers, joint ventures or listings of the
businesses either individually or combined will be
published in due course.
Uncertainty is Clouding the Energy Trading OutlookCTRM Center
As the United States continues to rapidly grow its production of oil and gas from shale, and Canada increases production from its oil-rich tar sands, these new volumes are helping to support world oil markets as crude production outside the US declines due to increasing conflict in the Middle East and North Africa. Should these conflicts widen, the global markets will be increasingly volatile as supply disruptions outpace the growth in North American production.
Though US natural gas production has not yet impacted the global market space via LNG exports, there is no doubt that those exports will happen. While the impact on US prices is unclear at this time, these exports will be yet another variable with which to content in a US market already unsettled by increasing regulations that will, by design, reshape the US energy mix.
Dealing with this uncertainty will require increasing market vigilance, with a constant view on both the near and longterm energy outlook, and supported by a commodity trading and risk management solution that facilitates analytics, market visibility and regulatory compliance, such as Eka Energy.
Ports-to-Plains Energy Summit
Omni Interlocken Resort
Broomfield, CO
April 7, 2011
Alberta has the world’s second largest oil reserves, but new pipelines are needed to move this resource to markets in the U.S. Find out about proposed pipeline projects in the region and what they mean for job creation.
A structural model for forecasting the shipping marketIlias Lekkos
The aim οf this study is to develop an econometric model describing the evolution of new-build and second-hand ship prices. While this model was developed originally to address internal needs within the Piraeus Bank Group, we believe that both our modelling methodology and the broader “philosophy” of our approach could be of wider interest.
The ability to identify the factors that affect the shipping market can be used in a number of ways, such as:
Estimate the “fair” value in the new-build and second-hand market and assess current market pricing vs fair-valuation levels.
Allow banks to assess the future evolution of the value of shipping loan collaterals (i.e. the value of the ship underlying the loan).
To be used for risk management purposes by assessing the sensitivity of the collaterals under a series of explanatory factors.
Create long-term forecasts under alternative macroeconomic scenarios.
Transport and Logistics
- With effect from 1st January 2017 the five businesses
were consolidated into Transport & Logistics and the
operational integration has started
- The new strategy focusing on cost leadership, customer
experience and growth was announced at CMD
- Synergies of around USD 150m are expected in 2017
from integration of businesses
- Tight capital discipline has been implemented
- Due diligence process of Hamburg Süd is progressing
according to plan with expectations of final agreement
signed early Q2 2017
Energy
• The businesses in Energy continue to be managed and
operated as individual companies to optimise
shareholder value
• Organisational setup in place to find sustainable
solutions for the oil- and oil related businesses in the
Energy division
• Tight capital discipline has been implemented
• Update on progress on finding the structural solutions,
which include mergers, joint ventures or listings of the
businesses either individually or combined will be
published in due course.
Uncertainty is Clouding the Energy Trading OutlookCTRM Center
As the United States continues to rapidly grow its production of oil and gas from shale, and Canada increases production from its oil-rich tar sands, these new volumes are helping to support world oil markets as crude production outside the US declines due to increasing conflict in the Middle East and North Africa. Should these conflicts widen, the global markets will be increasingly volatile as supply disruptions outpace the growth in North American production.
Though US natural gas production has not yet impacted the global market space via LNG exports, there is no doubt that those exports will happen. While the impact on US prices is unclear at this time, these exports will be yet another variable with which to content in a US market already unsettled by increasing regulations that will, by design, reshape the US energy mix.
Dealing with this uncertainty will require increasing market vigilance, with a constant view on both the near and longterm energy outlook, and supported by a commodity trading and risk management solution that facilitates analytics, market visibility and regulatory compliance, such as Eka Energy.
Ports-to-Plains Energy Summit
Omni Interlocken Resort
Broomfield, CO
April 7, 2011
Alberta has the world’s second largest oil reserves, but new pipelines are needed to move this resource to markets in the U.S. Find out about proposed pipeline projects in the region and what they mean for job creation.
This paper employs time varying coefficient approach to assess sensitivity of crude oil price change to a number of factors among which change in OPEC crude production and change in US oil production. Our finding indicate crude oil price is inelastic to OPEC production change, with elasticity varying between 0.09 and 0.13, but elastic to US oil production change with elasticity between 0.99 and 1.05. This imply on average crude oil price is about 8 times more responsive to US supply expansion than to OPEC supply decisions. As a result, OPEC producers have a limited impact on oil price reversal but the withdrawal of the US high cost shale technology producers from crude oil production at low price levels can be more effective driver of oil price rises in the future. Such low level sensitivity of oil price to change in OPEC supply imply, other things remain unchanged, for oil price to rise from the current $45 per barrel to $70 per barrel, OPEC cartel needs to cut its current daily production of 27 million barrels by 8 percent.
• US tight oil production and the future oil price
• Dubai:MD and CEO of DEWA receives CEO of First Solar
• UAE's Masdar inks deal to build Mauritania solar projects
• No 'significant' change in Saudi oil policy after king's death
• Algeria:To increase its oil output & renewable energy projects production
• Norway: Det norske commences drilling on the Ivar Aasen field
• Bangladesh:KrisEnergy completes 2D seismic program in SS-11
• India: Energy subsidies prove drain on Indian economy
• Oil producers in US not able to drill at $45 a barrel
• Oil price plunge to boost global M&A activity in 2015, says EY
Outlook for Energy and Minerals Markets - for the 116th CongressRoger Atkins
TESTIMONY OF KEVIN BOOK MANAGING DIRECTOR, CLEARVIEW ENERGY PARTNERS, LLC
BEFORE THE
U.S. SENATE COMMITTEE
ON ENERGY AND NATURAL RESOURCES
FEBRUARY 5, 2019
The revival and transformation of Europe’s largest onshore oilfield; the Pato...Albania Energy Association
Presentation: The revival and transformation of Europe’s largest onshore oilfield; the Patos-Marinza field
Leonidha Çobo, General Manager, Bankers Petroleum Albania Ltd
GAO Report 14-667 on Need for Possible Federal Regulation of Small Natural Ga...Marcellus Drilling News
A report from the U.S. Government Accountability Office titled "OIL AND GAS TRANSPORTATION: Department of Transportation Is Taking Actions to Address Rail Safety, but Additional Actions Are Needed to Improve Pipeline Safety." The report recommends the federal government get involved with regulating smaller gathering pipelines used to connect natural gas and oil wells to larger pipelines. Those lines are now either not regulated, or regulated by the individual states.
Stabilization and characterization of heavy crude oil in-watereSAT Journals
Abstract There has been much interest in alternative to transport viscous crude oil from reservoir which is much more abundant than conventional oil. There are many authors hard to find the stable of oil-in-water (o/w) emulsion condition which has been considered as critical analysis. In order to reduce the viscosity, the heavy oil is required to modify for reducing their viscosity. Applying diluent and forming o/w emulsion are the selected as alternative for reducing viscosity. The purpose for this investigation is to study factors that influencing stability and viscosity of o/w emulsion. From the observation, o/w emulsions reduced almost six (6) times less than original heavy oil. However, the addition of 40% of light oil reduced oil viscosity from 478.10 mPa.sto 113.40 mPa.s. Thus, the knowledge and understanding factors that influencing the stability and viscosity of o/w emulsion is important due to avoiding of occurring phase inversion phenomena. Keywords: Crude oil, Stability, Heavy oil, Viscosity, Emulsion, Shear Rate, Shear Stress.
The move toward using liquid natural gas (LNG) as a propulsion fuel is continuing to gain momentum as new environmental regulations are enacted and facilities are expanded. LNG propulsion holds the potential to disrupt the largely value chain of maritime and similarly commoditized fuel industry. As such, LNG propulsion is enjoying high awareness across the industries as established positions in the market may be challenged and convergence may enable entirely new key players. This may facilitate a new business eco-system of independent entities.
However, due to imposed regulations from IMO and MARPOL, a need for technologies to clean or eliminate vessel propulsion exhaust has emerged. Though promising prospects, LNG propulsion is fairly an infantile technology in shipping, i.e. progress is needed in infrastructure facilities and bunkering etc., in order to further build and mature the market. Despite a need for extensive modifications to retrofit LNG in vessels, it is an attractive compliance option.
Europe yards have already somewhat proven track record, while Asian yards are rapidly mobilising to accommodate the rising demand. LNG propulsion has developed steadily over time and is to this day applicable across large variety of engine types. Of the key engine manufacturers especially Rolls Royce, Wartsilla, and Man Diesel are active in the market and already produce a variety of commercially proven models.
This reports majorly seeks to present the compliance options for fuel industry, namely, the use of low sulphur fuels, installation of scrubbers and utilization of LNG as propulsion fuel. LNG production/ supply is believed to sufficient to oblige the needed quantities to propel the forecasted penetration in fleet and geographical spread. Yards are generally mobilising to build capacity, know-how and to deliver according to demand at present. The success of LNG propulsion technology and its penetration in the market, is determined by timing, as the infrastructure availability and market potential must be aligned.
Similar to Leading Indicators for freight rates (20)
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.