Mr. Anand Sharma

GLG News by Mr. Anand Sharma, Director

Indian Shipping Requests, Shipping Ministry Would Consider it Temporarily

October 26, 2009

Analysis of:Delhi signals willingness on shipping aid package | www.tradewinds.no

Shipping Industry requested Shipping Ministry for financial aid and cargo support. It is unlikely to be accepted in the current economic scenario.

Greenfield Shipyards in India, Should be Left to Private Sector

October 26, 2009

Analysis of:Government Changes Track on Plan to Build New Shipyards | www.livemint.com

Cochin Shipyard and Hindustan Shipyard have been asked to carry out feasibility studies and help build two new shipyards, but being government organisation they may not have enough freedom to do justice to the project.

ABG & Bharati Battle for Great Offshore is a Fight for Supremacy & Survival

October 14, 2009

Analysis of:Agarwal and Kapoor all set for Great battle | economictimes.indiatimes.com

ABG Shipyard is building 2 Jackup for Essar. Bharati Shipyard is building 1 Jackup for Great Offshore. Loosing Great Offshore by Bharati Shipyard is lose of future business segment, financial trouble and loss of a great customer. Winning Great Offshore by ABG Shipyard would not only restrict future prosperity of its immediate local competitor but also provide hand holding to Mr. Ruia and group companies, who are trying hard to establish their presence in Offshore Oil field Services Sector.

Indian Shipyard Faces Cancellation Threats Even in Offshore Segment

August 21, 2009

Analysis of:DOF Subsea scraps India newbuilds | www.upstreamonline.com

The risk of cancellation for delayed delivery is the worst nightmare for a shipyard in falling market. But the risk is increasing for Indian Shipyard. The owner walks away with advance, and shipyard has to work really hard to minimize loss. ABG Shipyard, Alcock Shipyard, Bharati Shipyard and Tebma Shipyard has setup facility to cater to higher segment and Pipavav Shipyard is in new business. It is difficult to streamline project management issues at a newer yard, leading to delayed delivery.

Are Governments capable to tow shipbuilding in current crisis?

December 29, 2008

Analysis of:Korean bailout | www.tradewinds.no

Shipbuilding is in difficult times because of falling trades, poor global economy outlook and over supply in shipping market. Credit crisis is just a trigger and is not fully responsible for it. In cases where global macro economic factors lead to crisis, to what extent local governments help sustain export oriented local industry is doubtful.

India’s Attractive Exploration Policy Is Unattractive For Companies

July 4, 2008

Analysis of:Western firms find fault with Indian oil round | uk.reuters.com

Indian Government provides tax incentives for discovering oil, but does not do the same for the discovery of gas. Differential taxation policy for discovering oil or gas is illogical and will discourage foreign investments in this sector.

Subprime Crisis Should Not Affect Shipping Cost

May 13, 2008

Analysis of:Shipbuilding Torpedoed by Subprime Causes Cost Surge (Update1) | www.bloomberg.com

There is large number of speculators who have placed new building orders at various shipyards. They have ordered ships, in order to sell it at a higher price. Currently 500 million DWT of ships are on orderbook. 7 billion tonnes of trade capacity get added for each million DWT of ships. Hence, close to 3.5 billion tonnes of trade capacity constituting 50% of current capacity is likely to be added by 2012. In this scenario, some orders getting cancelled may not disturb trade dynamics.

Irrespective of Scale, Size and Experience Companies with Older Boats would Show Poor Performance

May 6, 2008

Analysis of:Tidewater profit misses Street view, shares fall | www.reuters.com

Performance of companies with newer fleet will be better than the ones with older fleet. Newer vessels would command higher day rates, have higher utilization, and work on lesser operating costs. This would lead to Older Offshore Supply Vessels moving out of water gradually.

Proposed Restrictions on Iron Ore Exports by India could Change Global Supply Demand Scenario of Dry Bulk Ships

February 26, 2008

Analysis of:Ratan Tata urges PM to halt iron ore exports | www.livemint.com

Government of India may not ban iron ore exports as requested by Ratan Tata. Banning would lead to protectionist, but could impose higher export duty to discourage exports. Increasing iron export price, would force China to import ore from other alternative locations mainly Australia and Brazil. This would increase tonne-mile demand of dry bulk ships, even if demand for iron ore remains constant. This would change global demand supply scenario in dry bulk shipping.

Rising oil price is Blessing for Some

February 25, 2008

Analysis of:Transocean 4th-Quarter Profit Rises as Rig Rates Jump (Update5) | www.bloomberg.com

Rising oil price increases offshore exploration and production expenditure. This translates into larger business for offshore drilling company. With increasing oil price, drilling in deeper waters is viable. Transocean is currently drilling at water depth of 10,000 ft. This will increase to 12,000 ft in 2009. It might increase further if oil price rises further.

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