A Bloomberg analyst pointed out that the recent share market rally in Singapore was underpinned by stocks of ship and oil rig-makers, despite the sectors’ fundamentals being weak. The rally, he concluded, was floating on a bit of foam.
Since the crash of oil prices in late 2014, the Singapore offshore services and engineering industry has been hit hard. Anticipating that the good times would continue – always a fallacy – all the capital expenditure and debt incurred from oil’s boom over 2009-2014 came back to haunt the sector after upstream work dried up in the past two years.
Singapore, being the nexus of much of the rig-building, offshore vessel and mechanical engineering contracting in Asia, has been hit the hardest. It came with a delay; the hope was that oil prices recover in 2016 after plunging in early 2015, but that never came. So when Swiber Holdings declared bankruptcy last August, it was a surprise to no one in the industry. In such a downturn, there are always casualties, and other companies – Swissco, Ezion Holdings, KrisEnergy – were also facing critical times. Debt holders of these companies, mainly Singapore banks, had to take a haircut. In response, the financial industry tightened up its portfolios while the Singapore government pledged to aid the industry, but stopped short to bailing the companies out.
The saga continued last week. Industry darling Ezra Holdings – once worth US$2 billion – filed for Chapter 11 bankruptcy in the USA. The international filing is unusual, but it does offer legal and enforcement action protection worldwide, as it attempts to restructure. Also declaring Chapter 11 are related entities Ezra Marine Services and EMAS IT Solution, and possibly also circling the drain is Ezra Holdings’ debt-ridden subsidiary Emas Chiyoda Subsea, which owes the former some US$170 million. Ezra Holdings’ last published earnings declared losses of US$339.6 million, with US$1.51 billion of liabilities. Court filings show that its 20 largest creditors are owed some US$600 million; one – Norwegian shipowner Forland Subsea AS – has agreed not to pursue to repayment of a defaulted charter payment, but the rest are not being so patient.
As Ezra Holdings battles to survive, new concerns over the health of the industry have been cast. Though some argue that Ezra was poorly managed and over leveraged to begin with, it may not be reflective of all other players in the industry. However, investors seem sanguine for now. The banks, for example, have already identified Ezra as a threat, with DBS moving its US$270 debt owed to ‘non-performing’ while OCBC has been stress-testing the sector since Q32015. The financial industry, by and large, has already reduced its exposure to this murky pool, but turbulence beneath the surface still threatens the industry itself. Analysts and auditors are already looking for the next trouble – with Malaysian vessel builder Nam Cheong, Singapore’s Loyz Energy and Rickmers Maritime named as potential threats. Yet, there are those that are hunting for a bargain – British engineering specialists Subsea 7 has expressed interest in purchasing Ezra Holdings assets, as well as those of its embattled joint venture Emas Chiyoda Subsea.
With oil prices having recovered somewhat, the forecast might be brighter, but brace yourself, there are still squalls to come as the upstream industry further consolidates and reinvents itself. Oil companies are putting a lot more cost pressure across their supply chain, and offshore marine contractors are not excluded from this picture. Previous charters rates will certainly not re-appear in the medium terms at least hence the business model of vessel owners will need serious tweaking. Those willing innovate and put their re-engineering skills to use, may look at diversifying their business into offshore renewable energy and other seabed mining sectors.
Something interesting to share?
Join NrgEdge and create your own NrgBuzz today
Redline Auto offers a full range of the best auto and diesel repair service in Bountiful, Utah, to car owners. Our expert mechanics know how to handle all repairing services, from oil changes to brake repairs to engine and even transmission repairs.
According to MarketDigits Gunshot Detection Systems Market was valued USD Billion in 2021 and estimated to reach USD 1,413 Million by 2028, growing at a CAGR of 10.5% during the forecast period of 2022-2028.
Top Key Players of Gunshot Detection Systems market: -
Information System Technology, Acoem Group, ELTA Systems Ltd, Louroe Electronics, Compagine Industries Des Lasers (CILAS), MicroflownAvisa B.V, Rheinmetall AG, Databuoy Corporation among others.
Gunshot Detection Systems Market Insights:
Gunshot Detection Systems Market expansion is estimated to be fueled by rising expenses in border security. The use of these tools can help border security personnel identify and foil attempts at smuggling, infiltration, and illegal immigration. Manufacturers might also be able to help law enforcement identify criminals and find illegal entrances even in the absence of gunfire with a small system adjustment. To counteract the escalating number of mass shooting occurrences, various law enforcement organizations are currently using a variety of strategies, creating new market prospects for cutting-edge gunfire detection systems.Major American cities are seeing an increase in the number of public gun shootings. The precise location of the gunshot can be determined using gunshot detection equipment. Schools, hospitals, and universities can all install this technology. The market for gunshot detection may be driven by the need to ensure the safety of residents and pupils.The gunshot detection system market is highly competitive with a large number of players offering various products and services. Some of the key players in the market include Information System Technology, Acoem Group, ELTA Systems Ltd, Louroe Electronics. These companies have a strong presence in the market and have been investing heavily in research and development to develop advanced and innovative products.
Regional Market Insights:
Because of the development of nations like China, India, and Southeast Asia, the Asia Pacific region is estimated to account for a sizeable portion of global sales. The region's development of smart city initiatives has made a substantial contribution to market expansion. Thailand has the highest rate of firearm fatalities in Asia-Pacific. Gunshot detection systems now have a chance to take advantage of the LEMEA region's apparent trend toward safe cities.
Request for quick sample PDF of the Gunshot Detection Systems Market Report @ https://marketdigits.com/gunshot-detection-systems-market/sample
The report on Gunshot Detection Systems Market covers segments By Application (Defense, Commercial), Installation Type (Soldier Mounted, Vehicle Installations, Fixed Installations), Solution Type (System, Saas) & Geography and Forecast to 2028. The report was put together after watching and researching a number of elements, including the region's economic, environmental, social, technological, and political condition, that affect regional growth. Analysts have examined each region's data on sales, output, and manufacturers. The revenue and volume breakdown by region for the forecast period of 2022 to 2028 is analyzed in this section. The reader will gain insight into the possible value of investment in a specific area thanks to these evaluations.
Pre-Post Impact of Covid-19 on Gunshot Detection Systems market: -
The COVID-19 pandemic, which has affected businesses from all sectors of industry, has had an influence on both personal and professional lives. Public sector businesses and government organizations, as well as the IT, telecommunications, and healthcare industries, heavily invested in IoT technology to manage the unique COVID-19 pandemic catastrophe and get the best results in saving a life. Therefore, increased IoT investment during the pandemic is a significant contributor to the market's growth.
Gunshot Detection Systems Market Scope and Market Size:
The main outputs of this analysis are market data with thorough classifications and revenue breakdowns. Revenues from the Gunshot Detection Systems Market are broken down by service type, deployment style, sector, and geography. Players, stakeholders, and other market participants will be able to establish a strong position as a result of this report's benefits for their marketing plans. In terms of revenue and forecast for the years 2022–2028, the market study focuses on revenue and forecast by region/countries and by application. In-depth market share analysis with individual revenue, market shares, and company rankings. Detailed competitive landscape with identification of the important players in relation to each type of market.
The Report also looks at the market's current state of development, its prospects, and the global Gunshot Detection Systems market trend. Additionally, it divides the Gunshot Detection Systems Market into segments according to service type, deployment methodology, industry, and region to allow for in-depth analysis and the disclosure of market characteristics and prospects.
Purchase this single Gunshot Detection Systems Market user report @ https://marketdigits.com/gunshot-detection-systems-market/buy
Segmentations Analysis of Gunshot Detection Systems Market: -
Major Segmentations Are Distributed as follows:
By Installation Type
By Solution Type
Gunshot Detection Systems Market Report Gives Answers to Following Key Questions:
MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.
We offer services that are most relevant and beneficial to the users, which help businesses to sustain in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.
According to MarketDigits Pet Wearable Market was valued USD Billion in 2021 and estimated to reach USD 5.80 Billion by 2028, growing at a CAGR of 13.7% during the forecast period of 2022-2028.
Top Key Players of Pet Wearable market: -
Fitbark, Datamars, Avid Identification Systems, Link AKC, Voyce, Invisible Fence, Garmin Ltd, Whistle Labs Inc, PetPace LLC among others.
Pet Wearable Market Insights:
Because more people are adopting pets as companions for mental stability and enjoyment, pet care costs are also rising. Moreover, the global pet wearable market is estimated to expand rapidly during the forecast period due to the increasing accessibility and popularity of wearable devices. Additionally, improvements in wireless area networks, reasonably priced and effective wireless sensors, the use of digital maps, and the creation of mobile applications all contribute to the rising demand for pet wearables. Another important aspect that is expected to fuel the market's expansion is the expanding Internet of Things trend. Last but not least, the usage of and demand for pet wearables advised by insurance companies would be another significant factor influencing the industry for pet wearables.The worldwide pet wearable market is still in its beginning, and established and growing businesses are engaged in heated competition. The leading market players place a strong emphasis on research and development to create cutting-edge items in order to increase their product offerings. To improve their position globally, companies are concentrating on strategic alliances, growth, and acquisitions.
Regional Market Insights:
The worldwide pet wearable market is divided into six regions based on geography: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. A rising trend in pet adoption and humanization, rising disposable income, and rising per capita income all contribute to North America's market dominance in terms of revenue. The market for pet wearables in North America is also expanding as a result of rising pet health awareness, product innovation, and advanced technology. Additionally, a high concentration of important enterprises in the area and an increase in product releases are expected to fuel the market.
Request for quick sample PDF of the Pet Wearable Market Report @ https://marketdigits.com/pet-wearable-market/sample
The report on Pet Wearable Market covers segments By Application (Fitness Monitoring, Medical Diagnosis, Treatment, Identification & Tracking), Product (Smart Vest, Smart Camera, Smart Collar, Smart Harness), Technology (GPS, Bluetooth, Sensors) & Geography and Forecast To 2028. The report was put together after watching and researching a number of elements, including the region's economic, environmental, social, technological, and political condition, that affect regional growth. Analysts have examined each region's data on sales, output, and manufacturers. The revenue and volume breakdown by region for the forecast period of 2022 to 2028 is analyzed in this section. The reader will gain insight into the possible value of investment in a specific area thanks to these evaluations.
Pre-Post Impact of Covid-19 on Pet Wearable market: -
Pet Wearable Market Scope and Market Size:
The main outputs of this analysis are market data with thorough classifications and revenue breakdowns. Revenues from the Pet Wearable Market are broken down by service type, deployment style, sector, and geography. Players, stakeholders, and other market participants will be able to establish a strong position as a result of this report's benefits for their marketing plans. In terms of revenue and forecast for the years 2022–2028, the market study focuses on revenue and forecast by region/countries and by application. In-depth market share analysis with individual revenue, market shares, and company rankings. Detailed competitive landscape with identification of the important players in relation to each type of market.
The Report also looks at the market's current state of development, its prospects, and the global Pet Wearable market trend. Additionally, it divides the Pet Wearable Market into segments according to service type, deployment methodology, industry, and region to allow for in-depth analysis and the disclosure of market characteristics and prospects.
Purchase this single Pet Wearable Market user report @ https://marketdigits.com/pet-wearable-market/buy
Segmentations Analysis of Pet Wearable Market: -
Major Segmentations Are Distributed as follows:
Pet Wearable Market Report Gives Answers to Following Key Questions:
USA: +1 847 450 0808
Email: [email protected]