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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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Saturday, 25 March 23
COAL INDIA HAS STRONG CASE TO INCREASE PRICES, TALKS ON: CMD AGRAWAL - BUSINESS STANDARD
Coal India (CIL) Chairman and Managing Director Pramod Agrawal said on Monday there is a “strong case” for increasing coal prices, and ...
Saturday, 25 March 23
ASIAN CRUDE PALM OIL WATCH 1Q23 - FITCH RATINGS
Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of ar ...
Saturday, 25 March 23
INDONESIA’S COAL EXPORT INCREASED BY 21.0% YOY TO 388.4 MLN T IN 2022 - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels. In the f ...
Saturday, 25 March 23
GLOBAL LNG-ASIA SPOT PRICES SLIP AS WEAK NORTHERN DEMAND REMAINS - REUTERS
Asian spot prices of liquefied natural gas (LNG) declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continu ...
Wednesday, 22 March 23
OIL PRICE FALL SPECULATIVE, TO HIT $140 BY YEAR-END -ANDURAND: REUTERS
The recent fall in oil prices due to banking jitters is speculative and oil will hit $140 a barrel by the end of the year, hedge fund manager Pierr ...
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- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Planning Commission, India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Posco Energy - South Korea
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