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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, 27 May 21
CHINA POWER DEMAND EXCEEDS PRE-COVID-19 LEVELS; THERMAL OUTPUT STRONG - FITCH RATINGS
Rising Consumption: Total power consumption rose by 21.2% yoy to 1,921.9GWh in 1Q21 due to the fast recovery of China’s economy, after a drop ...
Thursday, 27 May 21
CHINA'S POWER DEMAND EXCEEDS PRE-PANDEMIC LEVELS; RENEWABLES TO DRIVE DEVELOPMENT - FITCH RATINGS
China's power consumption exceeded the pre-Covid-19 levels in 1Q21 due to the country's fast economic recovery, with strong output from the ...
Wednesday, 26 May 21
THE INDONESIA COAL PRICE REFERENCE FOR MAY 2021 SETTLES AT US$ 89.74 PER TON
COALspot.com: The Indonesia coal price reference for May 2021 settles at US$ 89.74 per ton FOB vessel.
The Indonesia coal pric ...
Wednesday, 26 May 21
MARKET INSIGHT - INTERMODAL
Last year crude tankers’ newbuilding contracting activity was devastated by the economic effects of the Covid-19 pandemic and the cloud of un ...
Wednesday, 26 May 21
NEW POWER AND ENERGY MASTER PLAN MUST BE DESIGNED IN BANGLADESH'S BEST INTERESTS, NOT JAPAN'S - IEEFA
JICA must deliver a low or zero emissions plan as promised, not fund Matarbari 2 coal plant
Clear understandings from the Bangladesh ...
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- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- The University of Queensland
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
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