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Wednesday, 04 August 21
MARKET INSIGHT - INTERMODAL
 Unlike the Dry Bulk and Container sectors where freight rates have surged into 2021, the tankers market continues to experience lackluster earnings hovering at the bottom of the cycle according to analysts’ consensus, as the oil and products inventories destocking cycle is coming to an end.
Tankers Sale & Purchase transactions in number of vessels have underperformed those in dry and containers, however asset values have appreciated regardless, as expectations for a recovery tracking oil demand growth and elevated steel prices have disconnected asset values from the freight market. We expect the trend to continue in the coming months, with further asset value appreciation particularly if a market recovery takes place before the end of the year. Last but not least, over the past two months, we observe tanker deals to be concentrated on the products tonnage, with MRs attracting increased interest.
Below we present a brief overview of the S&P transactions that took place since Q2 2021 up to late July 2021.
During April 2021, more than 50 deals took place in the Tanker sector. Aframax tankers contributed close to 36% of the total deals whilst around half of them were in the 5-year-old mark up to resale. MR Tankers (including Handysize vessels) were responsible for an around 23% of the entire deal landscape whilst VLCCs hold a slightly bigger proportion; most of them in both segments were older than 10-year-old. Finally, Panamax and Suezmax vessels were the less preferable holding less than 15% of the recorded deals.
During May 2021, transactions decreased by at least 50% compared to April 2021. The deals were equally distributed across all segments with circa 5 vessels corresponding to each one. It should be noted that most of the vessels that changed hands were older than 10 years.
In June 2021, we witnessed a further reduction in the number of transactions by an additional 50% comparing to May 2021 with slightly more than 10 deals taking place; half of the vessels that changed hands were MR tankers.
During July 2021, contrary to the past couple of months, transactions increased close to the number that was recorded the fifth month of the year. The deals were congregated in the MR, Aframax and VLCC segment with a rather equal number of vessels to each one whilst Panamax and Suezmax vessels were again the less preferable.
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Thursday, 15 July 21
U.S. FOSSIL FUEL CONSUMPTION FELL BY 9% IN 2020, THE LOWEST LEVEL IN NEARLY 30 YEARS - EIA
U.S. fossil fuel consumption fell by 9% in 2020, the lowest level in nearly 30 years
In 2020, total consumption of fossil fuels in t ...
Thursday, 15 July 21
IN 2020, U.S. COAL PRODUCTION FELL TO ITS LOWEST LEVEL SINCE 1965 - EIA
U.S. coal production totaled 535 million short tons (MMst) in 2020, a 24% decrease from the 706 MMst mined in 2019 and the lowest level of coal pro ...
Wednesday, 14 July 21
MARKET INSIGHT - INTERMODAL
In its latest Global Economic Prospects report, the world bank recorded the strongest post-recession global growth in 80 years, but emerging and de ...
Tuesday, 13 July 21
JAPAN STILL SEEKING TO EXPLOIT COAL POWER LOOPHOLES - IEEFA
JBIC wants to continue burdening developing nations with its expensive coal-fired power technology
Japan is continuing to push its expensive c ...
Sunday, 11 July 21
COAL SHOWS ITS STAYING POWER AS ECONOMIES BOUNCE BACK - THE WALL STREET JOURNAL
Coal use is surging in some of the world’s largest economies as electricity demand rebounds from the pandemic, illustrating the challenges to ...
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- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
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