28 November 2015

[281115.EN.BIZ] Five Trends To Shape The Shipping Industry In The Years Ahead: IHS Report

WITH most of the developing world in an economic slowdown, business information provider IHS is forecasting prolonged weakness in commodity prices over the next decade with prices for coal, iron ore and crude oil all likely to remain depressed for the next few years.

For most shippers, the five to 10 years of slow growth ahead translates into depressed rates for shipping, particularly dry bulk shipping. Accentuating the price weakness is that most fleets - with the exception of Panamax fleet coal and grain cargo vessels - are fairly young, leaving little room to reduce capacity.

One exception to this trend is tanker shipping, which is expected to stay strong in the short term. Although lower oil prices will spur more consumption, IHS expects overall global oil demand growth will average just 0.6 per cent per year through 2040.

"The possibility of low commodity prices for a prolonged period of time will mean readjusting current and near future fleet capacities, particularly in the dry bulk sector that experienced large growth of the fleets in last 10 years."

This is one of the five trends identified in a new report from IHS, called IHS Global Maritime Trends 2016, put together by a team of experts at IHS Maritime & Trade that will shape the global maritime industry for the coming decade.

"After years of heavy investment in commodity extraction, the majority of commodity producers are concentrating their efforts on keeping their market share, which in turn influences oversupply situation," said principal analyst at IHS Maritime & Trade, Dalibor Gogic.

The second trend is that with the excesses in industrial capacity, housing inventory and debt are expected to further dampen China's domestic demand in 2016. Slow and unstable global economic growth means that China will not be able to exports its way to recovery.

From 7.3 per cent in 2014, IHS forecasts that China's GDP will sink to 6.3 percent in 2016, before a modest rebound in 2017.

Government-controlled steelmakers in China are exacerbating the disconnect in the shipping industry between the expectations of owners and charterers for three- to five-year spot rates.

Newbuilding prices suggest that freight rates will drop further. While the larger Asian shipyards appear stable, smaller shipyards may be vulnerable, particularly those that specialise in the dry bulk and offshore vessel markets.

One bright spot for Chinese shipping is the container trade, where volume on routes to the western US is expected to rise 8 per cent in 2016 and on the European routes by 6 per cent.

"The slowdown in Chinese demand means most businesses will simply readjust to new economic realities. However, the situation for dry bulk shipping is much worse," Mr Gogic said. "The number of new ships and increased capacity expected to be hitting the waves in next couple of years is huge.

The third trend is that IHS expects certain EU and US sanctions against Iran will start to be lifted early next year after IAEA verification that Iran has met its JCPOA commitments. The lifting of some sanctions is expected to add about half a million barrels of oil a day to the global supply by the end of 2016.

Iran's re-entry into the oil export market won't help tanker operators directly because most of the oil will likely be shipped in National Iranian Tanker Company's carriers sidelined in the Persian Gulf while sanctions were imposed.

The fourth trend identified is that shippers will soon benefit from better forecasts with the increased availability of shipping data and advances in big data analytics, providing shippers with greater visibility into market and pricing trends.

IHS believes 2016 will see an increased development and adoption of big data analytics by the industry to mitigate risks and transform challenges into opportunities.

The fifth and final trend is that shifts in global demographics and population growth rates, coupled with long-term economic growth in developing markets, will have implications for the maritime sector over the course of the next decade.

The middle class is growing in the emerging economies of Asia, Africa, and Latin America where disposable incomes will drive growth in demand for imports of commodities and finished goods.

One consequence for the maritime sector of a rise in consumer spending in developing markets will be long-term growth opportunities for container ships.

More and larger container ships will require investment in ports, infrastructure, technology, and services to ensure that the flow of business remains efficient.

Shipping's employment problem is that it is seen as low-tech compared with industries such as the aviation, automotive and technology. To attract the next generation of maritime professionals, shipyards must become more technologically advanced and innovative, and seafaring must learn new skills and integrate new technology.

Source : HKSG.

[281115.ID.AIR] Garuda Butuh Dana US$ 500 Juta

JAKARTA. Maskapai milik BUMN, PT Garuda Indonesia Tbk (GIAA) membutuhkan dana sebesar US$ 500 juta untuk melancarkan aksi bisnis perusahaan beserta anak usaha di tahun 2016.

Rencananya, perusahaan akan menggunakan dana tersebut untuk penambahan maskapai melalui skema operating lease dan pengembangan teknologi informasi (TI).

Kebutuhan dana sebesar US$ 500 juta terdiri dari kebutuhan biaya modal atau capital expenditure (capex) sebesar US$ 160 juta untuk Garuda Indonesia, dan sisanya untuk anak usaha yaitu PT Citilink Indonesia, PT Aerowisata, PT Abacus DSI, PT Garuda Maintenance Facility Aero Asia dan PT Aero System Indonesia.

Anak usaha yang paling besar membutuhkan dana adalah Citilink.

Perusahaan plat merah ini akan mencari dana tersebut melalui dua skema, yaitu penerbitan obligasi atau kredit.

Untuk pinjaman kredit dari bank, GIAA akan mempertimbangkan biaya dana atau cost of fund bank yang dapat mempengaruhi tingkat bunga kredit.

Pasalnya, semakin rendah biaya dana maka akan semakin murah bunga kredit.

"Misalnya, kebutuhan dana untuk menambah 23 maskapai pada tahun 2016," kata M. Arif Wibowo, Direktur Utama PT Garuda Indonesia Tbk, Kamis (26/11).

Pesawat tersebut terdiri dari penambahan 15 pesawat untuk Garuda Indonesia dan 8 pesawat untuk Citilink.

Misalnya, 15 pesawat Garuda Indonesia akan terdiri dari sembilan pesawat Propeller, lima pesawat Airbus A330, dan satu pesawat Boeing.

Arif menambahkan, pihaknya menambah pesawat dengan sewa operasi (operating lease) karena beban lebih rendah.

Perusahaan berplat merah ini merogoh kocek sebesar US$ 1 juta per bulan untuk pesawat jenis wide body atau berbadan besar, serta biaya US$ 200.000-US$ 300.000 per bulan untuk pesawat jenis narro body alias berbadan sedang.

Rencananya, penambahan pesawat ini untuk memenuhi rute baru internasional di tahun mendatang.

Misalnya, Garuda Indonesia akan menambah rute di wilayah China seperti rute Denpasar-Shanghai, Denpasar-Guangzhou dan penambahan frekuensi Denpasar-Beijing.

Serta penambahan rute untuk Timur Tengah, Surabaya-Mekkah, Jakarta-Madinah, dan rencana Balikpapan, Makassar dan Meda ke wilayah Timur Tengah.

Arif bilang, penambahan rute ini karena permintaan yang besar untuk ibadah Haji dan Umroh, serta untuk pendidikan, bisnis dan wisata ke China.

Harapannya, penambahan rute internasional akan meningkatkan kinerja bisnis Garuda Indonesia di tahun 2016.

Sayangnya, ia belum dapat menyampaikan target bisnis di tahun mendatang karena sedang proses pengkajian.

Sumber : Kontan, 28.11.15.

27 November 2015

[271115.EN.BIZ] Hong Kong's HKND Delays Digging Nicaraguan Canal After CEO's Stock Losses

HONG KONG's HK Nicaragua Canal Development Investment Group (HKND) has announced it will delay construction of its US$50 billion canal across Nicaragua until late 2016, reports The Associated Press.

HKND chairman and CEO Wang Jing, who is using his personal fortune to help fund the Nicaraguan challenge to the Panama Canal, suffered enormous losses in the recent market slump in China.

Mr Wang's reported net worth had dropped from US$10.2 billion at the peak of the stock market rally in June to only US$1.1 billion in October.

HKND has won approval for environmental studies for the canal earlier this month. But on Wednesday, the company said "construction of locks and the big excavations will start toward the end of 2016".

The company gave no reason for the delay, but said that "the canal's design is currently being fine-tuned".

Mr Wang, a telecommunications entrepreneur, was listed among the world's 200 richest, according to the Bloomberg Billionaires Index. His 84 per cent drop in 2015 is the worst recorded by the index.

Nicaraguan authorities, led by Daniel Ortega, also president of the Sandinista party, has already approved the proposed 278-kilometre route for the canal.

Ground has been prepared for access roads, but there has been no digging of the waterway itself. The plan has drawn protests from farmers who fear their land will be expropriated.

Source : HKSG.



26 November 2015

[261115.EN.AIR] Strong Air Cargo Demand Out Of Asia Is Expected To Slow In Coming Weeks

THE air freight market out of Asia is expected to return to more normal levels over the coming fortnight after experiencing a continuation of strong air cargo demand in the week ending November 20, reported Lloyd's Loading List.com, citing industry sources.

SEKO Logistics' Asia Pacific COO, James Gagne, said most major Asian air freight gateways, including Seoul Incheon and Tokyo-Narita, had backlogs as a result of strong demand and tight capacity, mainly driven by new consumer product launches.

"All the big high-tech product shippers are using air freight now in order to catch the Christmas season and this sees carriers increasing rates on a weekly basis," he said.

"The Transpacific lane (in comparison to Europe) has witnessed a more marked, short-term uptick in rates, given structural demand and seasonal releases (of products)."

Mr Gagne added: "We may have already hit the peak, and the market should return to normal by the first week of December out of airports such as Hong Kong, Shanghai, Seoul, Tokyo and Taipei."

Cargolux's Asia-Pacific vice president, Kevin Shek, confirmed that demand had been boosted by "a rush of new products coming on to the market," with Apple products leading the pack.

"Q4 started off with high demand especially on the Hong Kong-Europe, Hong Kong-US and Shanghai-Europe trade lanes," he noted. "I believe this will last until the last week of November and will gradually slowdown in December.

"Since the middle of last month, we've had many enquiries for additional space ex-Asia, mostly from Hong Kong and Shanghai."

Mr Shek confirmed that Chinese authorities had been limiting charter frequencies ex-Shanghai since November and forwarders were seeking alternative airports to operate charters. "Cargolux is operating several charter flights from Zhengzhou," he added.

AirBridgeCargo Airlines' senior VP for sales and marketing, Robert van de Weg, confirmed the "tight" supply-demand situation in China, the exception being Hong Kong.

"We believe this is due to stronger than expected demand combined with limited charter capacity. In Hong Kong, quite a few charters were added at the last minute, which led to certain carriers having over-capacity. This resulted in 'milder' market conditions in Hong Kong. In China, airport congestion issues has made adding capacity in the short-term more difficult."

Mr Van de Weg said: "For scheduled airlines, the supply-demand ratio has not been bad. New product releases have also stimulated growth - it seems consumers in Europe and the US are ready and able buyers."FAXTEXT = He said Asia-transpacific and Asia-Europe aside, the other main trade lanes are not doing badly either.

"North Atlantic westbound (ex-Europe) is strong, but there is the usual oversupply eastbound. Demand ex-Europe to Asia/China is rather good - not exceptionally busy, but simply solid."

DHL Global Forwarding (DGF) said it was seeing some 'ocean' shippers in the Shanghai and Hong Kong area increasing their air freight shipments in order meet holiday season deadlines.

"Another feature of the market is the restrictions imposed by the Chinese authorities on charter traffic out of Shanghai, Hangzhou and Tianjin airports, until further notice," the company said. This is limiting airfreight capacity out of Shanghai, although overall market demand is still lower than last year, especially on the transpacific route, DGF added.

Source : HKSG.

25 November 2015

[261115.ID.BIZ] Soal Perubahan Komposisi Saham, Ini Jawaban JICT

JAKARTA. Direktur Utama PT Jakarta International Container Terminal (JICT), Dani Rusli menegaskan bahwa pihaknya mematuhi peraturan pemerintah dalam administrasi perubahan komposisi saham pasca perpanjangan kontrak kerjasama pengelolaan antara Hutchison Ports Jakarta Pte Ltd (HPJ) dan PT Pelabuhan Indonesia II (Persero) atau IPC.

"Pernyataan Pansus Pelindo II tentang dokumen bahwa selama ini Pelindo II berbohong perihal kepemilikan saham bagi kami cukup membingungkan, karena justru kami maupun Pelindo II patuh dengan aturan pemerintah. Kan ada aturan administrasi yang mesti diikuti," ujar Dani dalam keterangan resminya, Kamis (26/11). 

Meski demikian, Dani mengaku maklum adanya ketidakpahaman pihak Pansus tentang aturan soal sistem SPIPISE BKPM yang diterapkan Badan Koordinasi Penanaman Modal (BKPM). Sistem elektronik pelayanan perizinan investasi yang terintegrasi antara BKPM dengan daerah dimaksudkan untuk mempercepat dan memantau pelayanan perizinan investasi.

"Karena ini kan soal investasi, jadi perubahan lewat sistemnya portal tersebut. Nah, untuk mengakses Sistem Pelayanan Informasi dan Perizinan Investasi Secara Elektronik (SPIPISE) butuh hak akses. Proses ini butuh waktu. Ada aturan yang harus diikuti sebelum bisa mengisi. Mungkin anggota dewan belum akrab dengan sistem ini. Kami mohon maaf," ujarnya. 

Sebelum perpanjangan kontrak kerjasama di JICT pada Juli 2015, komposisi saham HPJ selaku Penanam Modal Asing sebesar 51%, sedangkan IPC selaku Penanam Modal Dalam Negeri/PMDN 48,9% dan Koperasi Pegawai Maritim (Kopegmar) 0,1%.

Komposisi kepemilikan saham di JICT saat ini telah berubah. Kepemilikan saham oleh IPC telah bertambah menjadi  50.9%, kepemilikan saham oleh Koperasi Pegawai Maritim (Kopegmar) tetap 0,1%, dan HPJ turun menjadi 49%; sebagaimana diatur dalam Pasal 7 butir 5 Amandemen Perjanjian Pemegang Saham – PT Jakarta International Container Terminal tanggal 5 Agustus 2014.

"Saat ini proses administrasi perubahan kepemilikan saham sedang berjalan di BKPM sesuai dengan peraturan Perundang-undangan Penanaman Modal yang berlaku. Setelah proses di BKPM selesai, perubahan kepemilikan saham akan diumumkan kepada karyawan dan publik sesuai dengan undang-undang yang berlaku selama 30 hari, kemudian dibuatkan RUPS dan akta notarisnya kemudian diajukan ke Menkumham untuk mendapat persetujuannya," jelas Dani.

Namun demikian, untuk komposisi Direksi dan Dewan Komisaris JICT sudah sah berdasarkan Akta No. 1 tanggal 3 Agustus 2015, serta sudah diberitahukan kepada Menkumham. Hal ini telah sesuai dengan Undang-undang No.40 Tahun 2007 tentang Perseroan Terbatas.

Dani Rusli meminta maaf tidak bisa menjelaskan secara detail karena dalam rapat Pansus dengan DPR kemarin pihaknya kurang diberikan kesempatan untuk menjelaskan lebih detil, sehingga informasinya menjadi sepotong-potong.

"Mewakili manajemen JICT, kami meminta maaf atas kekurangan informasi tersebut," ujarnya lagi.

Sebagai informasi, dalam rapat Pansus Pelindo II, Dani juga mengatakan dirinya ditekan oleh Anggota DPR untuk menandatangani berita acara yang menyepakati pencabutan surat keputusan Direksi JICT tentang rotasi pegawai. 

Hal tersebut tidak dilaksanakan oleh Dani karena pada dasarnya semua itu merupakan kewenangan manajemen sesuai dengan undang-undang perseroan terbatas nomor 40 tahun 2007.

“Saya tidak mau menandatangi surat tersebut, karena jelas itu melanggar aturan,” tutup Dani Rusli.

Sumber : Kontan, 26.11.15.

[251115.ID.BIZ] Kereta Api Trans Sulawesi Ditarget Beroperasi 2018

BARRU. Presiden Joko Widodo (Jokowi) berharap jalur Kereta Api (KA) Trans Sulawesi yang menghubungkan Makassar (Sulsel) hingga Manado (Sulut) dapat tersambung dan transportasi KA dapat mulai beroperasi.

"Diharapkan tahun 2018 rel KA ini tersambung dan beroperasi," kata Presiden Jokowi kepada wartawan usai meninjau proyek Rel KA Trans Sulawesi di Kabupaten Barru Sulsel, Rabu (25/11).

Presiden menyebutkan semua patut bersyukur karena konstruksi rel KA dari Makassar ke Pare-Pare dan nanti ke Manado sudah mulai terlihat.

"Memang saat ini baru mencapai enam km tapi kita berharap tahun depan ke Pare-Pare sekitar 145 km terealisasi. Tahun depan juga mulai dibangun dari Manado ke sini," katanya.

Presiden menyebutkan progres proyek KA itu sesuai dengan rencana. Ini akan tersambung dengan Makassar New Port dan bandara.

Kepala Negara juga menyebutkan selama pekerjaan konstruksi, juga ada penyerapan tenaga kerja yang cukup banyak karena sudah dipesan ke Ditjen Perkeretaapian agar menyerap banyak tenaga kerja.

"Nanti dioperasikan oleh PT KAI juga kita minta agar disiapkan dari masyarakat sekitarnya. Manajemen dan karyawan semua dari masyarakat daerah sekitarnya," kata Presiden.

Jokowi menyebutkan KA Trans Sulawesi nantinya memang bukan kereta cepat tapi dengan kecepatan 200 km per jam sudah lebih cepat dari mobil.

Presiden juga menyebutkan bahan atau material pembangunan proyek itu hampir 100% menggunakan produk dalam negeri seperti bantalan dari WIKA, pengunci dari Pindad.

"Memang relnya masih dari Jepang, tapi hampir 100% dari dalam negeri," katanya.

Mengenai adanya kebutuhan tambahan anggaran, Presiden mengatakan sudah ada alokasi dan jika diperlukan tambahan akan dimasukkan dalam APBN Perubahan.

"Lokomotif dan gerbong diproduksi oleh Inka," katanya.

Ia menyebutkan untuk pembebasan lahan pemerintah pusat melalui APBN juga membantu penyediaan lahan itu.

Presiden menyatakan pemerintah tetap berkomitmen dalam penyediaan infrastruktur daerah di seluruh Indonesia.

"Ini tidak hanya di sini, di tempat lain juga ada. Di Papua baru studi, semester depan mungkin selesai sehingga tahun depan sudah mulai konstruksi," katanya.

Presiden berharap dengan semakin memadainya berbagai infrastruktur maka biaya transportasi, logistik dan distribusi akan lebih murah sehingga nanti harga barang lebih murah.

"Kalau ada kereta api, ada transportasi laut, kita pastikan biaya transportasi, distribusi lebih rendah, biaya logistik lebih murah, harga barang juga lebih rendah," katanya.

Sumber : Kontan, 25.11.15.