FacebookTwitterLinkedInEmailPrint分享Taylor Kuykendall for SNL:As the coal sector crumbles, analysts aim to draw up exactly what the industry might look like once it is pieced back together.Chiza Vitta, an analyst with Standard & Poor’s Ratings Services, said that even though his group covers base metals, precious metals and other mining companies, coal is taking up the bulk of the group’s time these days. The reason such a “significant amount” of time is being dedicated is the industry has gotten into such “severe distress” analysts must continually reassess the sector’s financial health as more and more coal giants fall into bankruptcy or teeter on the edge of it.“There’s a lot of negative sentiment out there,” Vitta said at the recent 24th Annual Platts Coal Properties & Investment conference.In addition to struggling to convince the broader investing public to get on board with coal, the industry is also seeing hesitancy in conventional lenders and other financiers, Vitta said. This is has caused debt to trade at distressed levels and prompted a trend toward more “private money” on the table from certain strategic investors.The result is merger and acquisition activity in early 2016 that is “well behind” the year before, even though coal assets have become available at rock bottom prices.Full article ($): Bankruptcy, tightened market cloud coal’s future as headwinds continue in 2016 SNL: 2016 ‘Headwinds’ Facing U.S. Coal
Norwegian shipowner Ocean Yield unveiled that it is currently in negotiations related to further investment in modern vessels with long term charters.The final decisions with respect to these investments is expected to be made during the next few weeks.“The investments are still subject to board approval and agreement on documentation,” Ocean Yield said.In early December, Ocean Yield signed a contract to purchase Nordic American Tankers’ (NAT) three Suezmax newbuildings with ten-year bareboat charters to NAT.The 157,000 dwt tankers are under construction at South Korea’s Samsung Heavy Industries (SHI) and are scheduled for delivery in June, August and October 2018.Lars Solbakken, Ocean Yield ASA’s Chief Executive Officer, earlier said that the transaction “fits well with our strategy to invest in modern vessels with long-term charters.”Under the deal, Ocean Yield will pay USD 43.2 million per ship after seller’s credit. NAT will buy back the vessel at the end of the ten-year charter, but also has the option to acquire the vessels from Ocean Yield after year five and seven.
Goals from Joshua Obaje, Kabiru Umar and Jimmy Ambrose gave Plateau United a 3-0 win over Katsina United on Matchday 19 of the Nigeria Professional Football League (NPFL).The win at the Rwang Pam Stadium, Jos was enough to send the Jos club to the summit of the NPFL. Plateau United went into the fixture in second place but knew a win at the Rwang Pam Stadium would take them top as long as MFM FC failed to win in Uyo against Akwa United.MFM’s objective to win in Uyo ended in futility as Alhassan Ibrahim and Ubong Friday scored to put the Lagos-based side to the sword.Akwa now seem to have put behind them their poor start to the season and now sit in fifth place with 29 points, just six adrift the leaders Plateau United.Plateau United have now amassed 35 points from 18 matches while MFM, the leaders before Matchday 19’s round of fixtures, have claimed 33 points despite playing a game more than the side currently at the summit of the log.El-Kanemi Warriors have been one of the biggest surprises of the season and they continued their sparkling home form on Wednesday with a 1-0 win Remo Stars in Maiduguri.Matthias Samuel scored the game’s only goal which meant that the Warriors consolidated on third place on the log with 33 points, the same number as second-placed MFM FC.In Makurdi, Anthony Okpotu scored a hat-trick as Lobi Stars overcame Sunshine Stars 3-1 at the Aper Aku Stadium.Last season’s top scorer, Godwin Obaje grabbed a double as he converted two spot kicks for FC Ifeanyiubah who came from a goal down to tame Shooting Stars (3SC) 2-1 in Nnewi.Ebenezer Odeyemi was Niger Tornadoes’ match-winner as he plundered his side’s solitary goal in the 1-0 success over Kano Pillars.Abia Warriors continued to keep pace the with top hitters as Ndifreke Effiong scored twice to inspire his side to a 2-0 win over Wikki Tourists in Umuahia.The country’s most successful club, Enyimba, won 1-0 against Remo Stars at the UJ Esuene Stadium, Calabar with Stephen Chukwude scoring the game’s deciding goal with a brilliant free kick on 41 minutes.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram