The Hanjin Fallout Re-Examined
There came to light this week complaints from a Korean politician on how Hanjin Shipping Co Ltd (117930 KS) was allowed to go bankrupt. But the...
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Dry Bulk Market on Strong Footing, While Tanker/Gas Shipping Rates up on Seasonal Demand
Credit markets: Global yields reached their lowest levels in a year this September, driven by the sustained low interest rate environment and the...
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CMA CGM Credit Research 2Q17 Results Update - Credit Outlook Stable - Bond Valuation Neutral
Profitability shot up in 2Q17, thanks to a better freight market and benefits from NOL acquisition: CMA CGM posted higher revenues by 57% y/y at...
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Underlying Thesis Intact; Maersk Line Returns to Profitability
Impairments hold back group’s result, but Maersk Line turns profitable. Maersk Line returned back to the black with a profit of USD 339m in 2Q17...
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Westports 2Q17 – Throughput Guidance Boosts Our Unattractive Call
Results in line: Westports Holdings Bhd reported its 2Q17 results, which are in line with our expectations. On the back of throughput weakness and...
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