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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, 04 August 20
KOEN INVITED BIDS FOR TOTAL 900K MT OF MIN 5600 NCV COAL FOR 3 YEARS
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 260,000 to 300,000 Tons (MT) min. ...
Tuesday, 04 August 20
THE WORLD’S FLEET OF COAL-FIRED POWER STATIONS HAS GOT SMALLER FOR THE FIRST TIME ON RECORD, WITH MORE CAPACITY RETIRED IN THE FIRST HALF OF 2020 THAN THE AMOUNT OPENED - IEA
This is according to the latest Global Coal Plant Tracker (GCPT) results by Global Energy Monitor (GEM), which we completed last month and report f ...
Monday, 03 August 20
U.S. COAL CONSUMPTION, WHICH HAS DECLINED SINCE ITS 2007 PEAK, FELL TO ITS LOWEST POINT IN APRIL 2020 - EIA
According to the U.S. Energy Information Administration’s (EIA) most recent Monthly Energy Review, the United States consumed 6.5 quadrillion ...
Monday, 03 August 20
LOW OIL PRICE AND CORONA VIRUS HIT SUB-SAHARAN AFRICA OIL PRODUCERS - FITCH RATINGS
The collapse in oil prices and the coronavirus shock is worsening the fiscal and external balances of sub-Saharan African oil producers, Fitch Rati ...
Saturday, 01 August 20
SHIP SHAPE - OUCH: FIS
Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you ...
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- Electricity Authority, New Zealand
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- Parliament of New Zealand
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- Planning Commission, India
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- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
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- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
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- Orica Australia Pty. Ltd.
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- Directorate General of MIneral and Coal - Indonesia
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- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
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- Price Waterhouse Coopers - Russia
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- MS Steel International - UAE
- Cement Manufacturers Association - India
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- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
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- LBH Netherlands Bv - Netherlands
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- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
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- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
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- Sakthi Sugars Limited - India
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- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Agrawal Coal Company - India
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