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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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Friday, 04 November 22
CHINA EXPANDS COAL TERM CONTRACTS TO ALL MINES TO STABILIZE MARKET - REUTERS
China has expanded long-term thermal coal supply contracts for 2023 to all coal mines and asked power utilities to source more of their demand thro ...
Thursday, 03 November 22
HANDYSIZE VALUES MOVING UP IN OCTOBER, WHILE LNG VALUES SKYROCKET - VESSELSVALUE
Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old Handysizes have moved up ...
Thursday, 03 November 22
EUROPEAN GAS SUPPLY SURPLUS, NOVEMBER HBA DOWN TO US$ 308.2 PER TON - ESDM
European gas supply conditions have a major influence in determining fluctuations in the Reference Coal Price (HBA). The November 2022 HBA recorded ...
Wednesday, 02 November 22
MARKET INSIGHT - INTERMODAL
Only five weeks before western sanctions’ full effect, uncertainty over energy has markets and governments on the edge. What was initially th ...
Tuesday, 01 November 22
CHINA COAL TRADE DISRUPTED BY COVID OUTBREAKS AS WINTER LOOMS - REUTERS
China’s strict COVID-19 policy is constraining coal supplies and pushing up prices, industry officials and traders say, just weeks before the ...
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- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Planning Commission, India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
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