The national shipping company of saudi arabia - Bank Audi
The national shipping company of saudi arabia - Bank Audi
The national shipping company of saudi arabia - Bank Audi
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THE NATIONAL SHIPPING COMPANY OF SAUDI ARABIA<br />
December 30, 2011<br />
SWOT ANALYSIS<br />
STRENGTHS<br />
1 Diversified fleet<br />
1 Young fleet<br />
1 Healthy financial position<br />
WEAKNESSES<br />
1 VLCC industry risk<br />
1 High fixed cost<br />
1 Deteriorating pr<strong>of</strong>itability margins<br />
OPPORTUNITIES<br />
THREATS<br />
1 Delivery delay<br />
1 Political instability<br />
COMPANY UPDATE EQUITY RESEARCH<br />
1 Ability to secure contracts as that with MODA<br />
1 Benefit from the drop <strong>of</strong> the prices <strong>of</strong> Kamsarmax to expand its fleet<br />
1 Good relationships with 3rd parties<br />
1 Using <strong>of</strong> alternative sources <strong>of</strong> energy which decreases oil demand<br />
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