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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, 21 January 21
LNG MARKET RIDING HIGH, BUT WILL THE GAINS CONTINUE? - DREWRY
The LNG market started 2021 on a high note with Asian spot prices crossing $30 per MMBtu while LNG shipping rates recorded a high $350k per day due ...
Thursday, 21 January 21
CHINA'S SPOT THERMAL COAL PRICES REFRESH RECORD HIGH - MYSTEEL
Despite the moderate rebound in temperatures across most regions of China after late December’s deep-freeze, thermal coal prices in the count ...
Wednesday, 20 January 21
CORONAVIRUS OUTBREAK IN HEBEI HAS LIMITED IMPACT ON CHINA'S STEEL INDUSTRY - FITCH RATINGS
The recent Covid-19 outbreak in the steel producing hub Hebei will not have material impact on China’s steel industry, Fitch Ratings says.
...
Wednesday, 20 January 21
MARKET INSIGHT - INTERMODAL
While 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early to even s ...
Saturday, 16 January 21
SEABORNE TRADE IN STEAM COAL DECREASED BY 11.6% FROM 937 MILLION TONNES IN 2019 TO 828 MILLION TONNES IN 2020 - COAL IMPORTERS ASSOCIATION, GERMANY
According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), global hard coal production dec ...
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- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
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