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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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Sunday, 18 April 21
WORLDSTEEL RAISES 2021 STEEL DEMAND GROWTH FORECAST TO 5.8% - WORLDSTEEL
The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that steel demand wil ...
Sunday, 18 April 21
CHINA'S Q1 COAL OUTPUT RISES 16% ON STRONG DEMAND FOR WINTER HEATING - REUTERS
China’s coal output rose 16% in the first quarter from the same period last year, bolstered by strong demand for winter heating and robust in ...
Wednesday, 14 April 21
INDIA HAS A RECORD LEVEL OF STOCKPILED COAL DAMPENING NEED FOR NEW DOMESTIC MINES - IEEFA
Proposed coal mining expansions at odds with excess supply
India has stockpiled a record 132 million tonnes of coal – enough t ...
Wednesday, 14 April 21
BANGLADESH NEEDS A RENEWABLES FOCUS, NOT A SWITCH FROM 'COAL TO GAS' - IEEFA
Renewables are cheaper and more sustainable than gas imports, and can provide better energy security in developing nations
The emerg ...
Wednesday, 14 April 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 1.10 PCT - XINHUA
China Taiyuan coal transaction price index stood at 138.05 points Monday, down 1.10 percent week on week.
The index, released by Chi ...
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- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
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