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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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Saturday, 27 February 21
FITCH RATINGS REVISES GLOBAL METALS AND MINING PRICE ASSUMPTIONS
Fitch Ratings has revised some of its metals and mining price assumptions as prices for many commodities will benefit in the short term from return ...
Saturday, 27 February 21
MITSUBISHI PULLS OUT OF VINH TAN 3 COAL PROJECT IN VIETNAM - NIKKEI ASIA
Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing int ...
Thursday, 25 February 21
ARE WE ON THE CUSP OF ANOTHER MINING SUPER-CYCLE? - WOOD MACKENZIE
As the first wave of the coronavirus pandemic began to bite, many observers confidently predicted that the end was nigh for global economic activit ...
Thursday, 25 February 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR SEABORNE COAL TRADE - BANCHERO COSTA
Total loadings in the 12 months of 2020 were down -12.7% year-on-year to 1,130 million tonnes, according to vessels tracking data from Refinitiv, s ...
Wednesday, 24 February 21
MARKET INSIGHT - INTERMODAL
With yields of up to 563%, the shares of Greek shipping companies listed on Wall Street are recorded. The Coronavirus pandemic has not significantl ...
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Showing 631 to 635 news of total 6871 |
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- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- MS Steel International - UAE
- PTC India Limited - India
- Trasteel International SA, Italy
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
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