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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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Wednesday, 10 February 21
MARKET INSIGHT - INTERMODAL
We have just entered February, Chinese New Year holidays are about to start and the SnP market for bulkers is so hot as every seller would dream of ...
Tuesday, 09 February 21
SWITCHING COAL PLANTS TO PLN'S BIOMASS COFIRING PLAN IS NO MAGIC BULLET - IEEFA
Implementation risks for Indonesia PLN's switch from coal to biomass cofiring
PLN’s biomass cofiring plan will require not ...
Friday, 05 February 21
THE INDONESIA COAL PRICE REFERENCE FOR FEBRUARY 2021 SETTLES AT US$ 87.79 PER TON FOB VESSEL
COALspot.com: The Indonesia coal price reference for February 2021 settles at US$ 87.79 per ton FOB vessel. The February reference price is the hig ...
Thursday, 04 February 21
WHY BANGLADESH SHOULDN’T COUNT ON A FOSSIL FUEL FUTURE - IEEFA
Around US$50 billion of LNG projects in Asia at risk of cancellation
Two astonishing figures have circulated in the Asian energy sector in the ...
Wednesday, 03 February 21
INDONESIA TO EXPORT 395 MILLION TONS OF COAL IN 2021 - ESDM
Data from the Ministry of Energy and Mineral Resources shows that, Indonesia is planning to produce 550 million Ton of coal in 2021 and as of t ...
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- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- The University of Queensland
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Minerals Council of Australia
- PTC India Limited - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
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