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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, 26 July 22
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Tuesday, 26 July 22
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South America is now in the middle of its winter demand season. Last year the region increased its share of global LNG imports in winter, with Braz ...
Monday, 25 July 22
GLOBAL 2021 COAL-FIRED ELECTRICITY GENERATION SURGES TO RECORD HIGH - REUTERS
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Saturday, 23 July 22
THE EU HAS BEEN REDUCING IMPORTS OF RUSSIAN REFINED OIL PRODUCTS SINCE MARCH - BANCHERO COSTA
The European Union could now ban the import and transit of fuel oil from Russia around six months ahead of the planned deadline, an EU official and ...
Saturday, 23 July 22
INDONESIA CONSIDERING SCRAPPING DOMESTIC SALES RULE FOR PALM OIL EXPORTS - REUTERS
Indonesia is considering removing a domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding ...
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- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Parliament of New Zealand
- India Bulls Power Limited - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- The University of Queensland
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
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