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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, 08 July 21
STRONGEST HALF YEAR FOR SHIPPING MARKETS SINCE 2008 - CLARKSONS
A year on from peak trade disruption, we update our half year report for the shipping industry profiling a strong recovery and some exceptional ind ...
Tuesday, 06 July 21
INDONESIA COAL PRICE REFERENCE RISES TO 112 MONTHS HIGH IN JULY 2021; 121.15% HIGHER COMPARED TO THAT IN JULY 2020 PRICE
COALspot.com: The Indonesia coal price reference for July 2021 fixed at US$ 115.35 per ton FOB vessel.
The Indonesia coal price referenc ...
Tuesday, 06 July 21
INDONESIAN COAL EXPORTS FELL BY 37% YOY IN 1Q21 DUE TO ADVERSE WEATHER CONDITIONS - FITCH RATINGS
Chinese coal imports declined by 25% yoy in 5M21as a result of both restrictions on Australian coal and the high base in 2020. Import volume in Jan ...
Tuesday, 06 July 21
INDONESIAN 4,200 INDEX HAS ALSO INCREASED TO OVER USD50 PER TONNE SINCE MAY THIS YEAR REFLECTING STRONG CHINESE IMPORT DEMAND - FITCH RATINGS
Price Surge Since March
APAC thermal coal has resumed its price surge since March this year. The benchmark Newcastle 6,000kcal/kg grade c ...
Thursday, 01 July 21
WHY INDIA’S SOLAR POWER TARIFFS ARE CLIMBING AFTER HITTING RECORD LOWS LAST YEAR - IEEFA
What’s behind the recent increase?
Solar tariffs are deflationary. Prices have fallen by 75% in seven years in India, and in 2 ...
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- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
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