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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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Friday, 12 March 21
BATTERIES ARE REPLACING COAL NOT GAS - IEEFA
No amount of government subsidies can halt gas’s decline
Batteries are replacing coal not gas.
Today the early ...
Friday, 12 March 21
RENEWABLES SHOULD BE FOCUS OF VIETNAM’S DRAFT PDP8, NOT COAL AND GAS - IEEFA
Evidence was clear to inform the next stage of Vietnam’s power development
Vietnam’s recently published draft power deve ...
Thursday, 11 March 21
U.S. TO PRODUCE 581 MMST IN 2021, UP 8% FROM 2020 - EIA
EIA expects U.S. coal production to total 581 MMst in 2021, 42 MMst (8%) more than in 2020. In 2022, EIA expects coal production to rise by a furth ...
Thursday, 11 March 21
MARKET INSIGHT - INTERMODAL
Assessing the ship repair sector during the first months of 2021, we have come across a new era in which Owners chose the shipyards to repair their ...
Monday, 08 March 21
MARCH 2021 INDONESIA COAL PRICE REFERENCE SETTLES LOWER
COALspot.com: The Indonesia coal price reference for March 2021 settles at US$ 84.49 per ton FOB vessel.
The Indonesia coal pr ...
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- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- The University of Queensland
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
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