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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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Monday, 14 June 21
'WISHFUL THINKING': WHY CHINA NEEDS AUSTRALIAN IRON ORE FOR 'MANY YEARS' TO COME - YAHOO FINANCE AU
A “wintry period”.
That’s what’s expected to happen to Australia’s economy “when” China st ...
Sunday, 13 June 21
COAL AND LNG’S SURGE IN ASIA PLAYS INTO RENEWABLE ENERGY HANDS - REUTERS
Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for ...
Friday, 11 June 21
5 REASONS GLOBAL SHIPPING COSTS WILL CONTINUE TO RISE - ING
No short-term relief
Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surg ...
Friday, 11 June 21
ASIA COAL PRICES SURGE, BUT CHINA-AUSTRALIA DISPUTE MEANS RALLY IS UNEVEN - REUTERS
Thermal coal prices across Asia have surged to multi-year highs amid strong demand and some supply constraints, but some types of the fuel have don ...
Thursday, 10 June 21
INDONESIA COAL EARNINGS RECOVERY TO SLOW AFTER STRONG 1Q - FITCH RATINGS
Fitch Ratings expects the recovery in operating and financial performance of Indonesian coal miners and coal contractors to slow during rest of 202 ...
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- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Deloitte Consulting - India
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Australian Coal Association
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