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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, 06 August 20
SUPRAMAX MARKET CONTINUED SIDEWAYS TREND, AND LITTLE INSPIRING NEWS APPEAR - FEARNLEYS
Capesize
There is presently a small correction in rates, but overall levels are up from previous week mainly due to increased demand in the Eas ...
Thursday, 06 August 20
KOREA SOUTH-EAST POWER INVITING BIDS FOR MIN 3,600-MAX 3,800 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) inviting bids for 80,000 Tons (MT) Min 3,600~Max 3,800 kcal/kg NCV coal f ...
Wednesday, 05 August 20
NO NEW MINING LICENSES - A REMINDER TO GOVERNORS IN INDONESIA - SSEK
Indonesia’s acting Director General of Mining and Coal (“DGMC”) has issued a letter to the country’s provincial Governors t ...
Wednesday, 05 August 20
AUGUST 2020 HBA HITTING ITS LOWEST LEVELS IN HISTORY
COALspot.com: The Indonesia Coal Price Reference for the month of August plunged 30.73% YoY, hitting its lowest levels in history and highlighting ...
Wednesday, 05 August 20
SLUMP IN OIL REVENUE CHALLENGES MIDDLE EAST OIL EXPORTERS - INTERMODAL
The Covid-19 pandemic has had far-reaching consequences on the global capital markets. Despite the US government’s efforts for a quick and de ...
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- Standard Chartered Bank - UAE
- Minerals Council of Australia
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- The University of Queensland
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
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