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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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Tuesday, 29 September 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.73 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.91 points Monday, up 0.73 percent week on week.
The index, released by China ...
Tuesday, 29 September 20
SHIPPING MARKET - ALLIED
Here we are, just a short breath before the final quarter of the year, and many are now debating to what extent we can really expect a firm dry bul ...
Tuesday, 29 September 20
INDONESIAN COAL COMPANIES' EARNINGS TO WEAKEN IN 2H20 - FITCH RATINGS
Rated Indonesian coal miners and contractors will have weaker operating and financial performances in the second half of 2020 than in the first, sa ...
Tuesday, 29 September 20
RUSSIA'S COAL PRODUCTION TO DROP BY 10.5% IN 2020, SAYS MINISTRY - TASS
Russia’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln ...
Monday, 28 September 20
NEW LNG PROJECTS - ALL DRESSED UP AND NO PLACE TO GO - WOOD MACKENZIE
It was meant to be another boom year. After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, at least as much capacity was lined up fo ...
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- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Australian Coal Association
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
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