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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, 24 June 21
FEBRUARY'S INCREASE IN COAL-FIRED ELECTRIC GENERATION REDUCED U.S. COAL STOCKPILES - EIA
Coal stockpiles at U.S. power plants decreased significantly from December 2020 to February 2021, including a draw of nearly 16 million tons in Feb ...
Wednesday, 23 June 21
MARKET INSIGHT - INTERMODAL
The first half of 2021 has brought a very sharp and continued recovery in the dry bulk market and while many where expecting a relatively strong ma ...
Thursday, 17 June 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR GLOBAL SEABORNE COAL TRADE; CHINA'S COAL IMPORTS - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade.
Total global loadings in the 12 months of 2020 were down -12 ...
Thursday, 17 June 21
FITCH RATINGS RAISES SHORT-TERM OIL AND GAS PRICE ASSUMPTIONS
Fitch Ratings has increased its 2021 and 2022 oil price assumptions for the Brent and West Texas Intermediate (WTI) benchmarks due to stronger year ...
Wednesday, 16 June 21
MARKET INSIGHT - INTERMODAL
“While approaching the second half of the year and summer season is just around the corner, COVID vaccination programs are steadily moving fo ...
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- Eastern Energy - Thailand
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- SMC Global Power, Philippines
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- Georgia Ports Authority, United States
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- The University of Queensland
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- Minerals Council of Australia
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- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
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- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
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- Australian Coal Association
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- Price Waterhouse Coopers - Russia
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- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
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- Planning Commission, India
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- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
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- Baramulti Group, Indonesia
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- Economic Council, Georgia
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- Energy Link Ltd, New Zealand
- MS Steel International - UAE
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Anglo American - United Kingdom
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- Energy Development Corp, Philippines
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- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
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- Jindal Steel & Power Ltd - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
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- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
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- Edison Trading Spa - Italy
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- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
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- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
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- Independent Power Producers Association of India
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- White Energy Company Limited
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- TeaM Sual Corporation - Philippines
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- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
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- Metalloyd Limited - United Kingdom
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