LONDON, Dec 21 (Reuters) - Political instability and low credit ratings in emerging economies are putting some shipowners off ordering new floating storage and regasification units (FSRUs), as they shift focus to more mature gas markets. Liquefied natural gas (LNG) demand from emerging markets in Asia, Africa and South America was expected to be boosted by FSRU technologies that are less expensive and time-consuming than onshore import terminals. But a boom in speculative FSRU orders from shipowners led to an oversupply of units this year as import projects across the world were delayed or cancelled, suggesting demand had been overestimated. Norway’s Hoegh LNG announced on Friday a second contract for an FSRU in Australia this year. The FSRU project for the import of LNG at Crib Point in Victoria developed by Australia’s AGL Energy Ltd will allow Hoegh to charter out its FSRU for 10 years. The move comes as Australia’s eastern states suffer from gas shortages … [Read more...] about FSRU suppliers shift from emerging markets, cut back new orders
Emerging market countries
NEW YORK, Nov 13 (Reuters) - MSCI Inc on Tuesday said it would add several onshore Chinese stocks to its closely watched and widely duplicated emerging-markets index. As part of its semi-annual review, the financial data company said it would add S.F. Holding Co Ltd, 360 Security Technology Inc and China Shipbuilding Industry Corp to the indexes. MSCI has been broadening exposure to stocks traded onshore in the country to its indexes. (Reporting by Trevor Hunnicutt Editing by Chris Reese) … [Read more...] about MSCI adds more China stocks to global emerging markets index
The recently introduced new Ford Territory is not looking like a China-only project anymore. The Blue Oval has shipped it to Brazil to gauge the response from South American customers at the 2018 Sao Paulo Auto Show next month. This week, Ford conducted a preview of the vehicle for Brazilian journalists.Ford has said that in emerging markets where customers can’t afford to pay for models underpinned by one of its five global architectures, it will have to tap into its JV partners and some of its alliances to cater them. It is reported that Ford is applying the “Emerging Market Operating Model (EMOM)”, a cost-cutting exercise through alliances, outsourcing technologies, local joint ventures, platform sharing, etc, and the Territory is an outcome.Latin America and India have a lot of similarities when it comes to low-cost cars, particularly Ford makes the same B-Segment vehicles in the two countries. If Ford finds the Territory suitable in place of the Ford Kuga for … [Read more...] about Ford hints at capitalising the new Territory for other emerging markets, will India get it?
Ellen Milligan, Bloomberg Published 8:21 am CDT, Monday, August 13, 2018 Photo: Petros Giannakouris, STF Image 1of/1 CaptionClose Image 1 of 1 Turkey's President Recep Tayyip Erdogan. Turkey's President Recep Tayyip Erdogan. Photo: Petros Giannakouris, STF Oil slips as emerging-market fears escalate amid Turkey crisis 1 / 1 Back to Gallery Oil fell as Turkey's economic strife sparked an emerging-market sell-off, fueling fears of broader market turmoil. West Texas Intermediate futures dropped 0.4 percent. The Turkish lira extended declines to a record low, sending tremors across global markets and spurring a shift to haven assets. OPEC published its monthly report, showing the group's output increased in July. Turkey's currency has been a casualty of a deepening crisis spurred by the administration's … [Read more...] about Oil slips as emerging-market fears escalate amid Turkey crisis
Not quite a year into its second stint as a publicly traded company, Laureate Education is preparing to install its second-ever CEO, who will have the challenge of lifting the company out of debt while pursuing aggressive growth.Eilif Serck-Hanssen will succeed longtime Laureate CEO Doug Becker on Jan. 1.He said the Baltimore-based company, which owns and operates a network of international for-profit universities, plans to accomplish its goals by leaving less profitable markets, while developing a technology platform that will allow Laureate to tap into new, emerging markets with growing demand for low-cost education."We want to lift the economic prosperity in the areas we are serving, and we think there's a huge and strong correlation between the growth of the middle class and the growth of higher education," said Serck-Hanssen, a former airline executive who joined Laureate in 2008 as chief financial officer. "To be able to do that, we need to have a sustainable company … [Read more...] about Laureate Education eyes growth in emerging markets