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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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Wednesday, 13 July 22
MARKET INSIGHT - INTERMODAL
Taking the previous market insight a step further, market sentiment remains bullish regarding the overall ROI of scrubbers, facing tailwinds from a ...
Friday, 08 July 22
AUSTRALIAN COAL PRICE BREAKS AGAIN LEVEL US$ 400/TON!, UP AROUND 4% - CNBC INDONESIA
Coal prices shot up again and crossed the level of US$ 400 per ton. On Thursday (7/7/2022) trading, the selling price of August contract closed at ...
Friday, 08 July 22
INDONESIA MULLS MORE FREQUENT SETTING OF CRUDE PALM OIL REFERENCE PRICE - REUTERS
Indonesia is considering setting its crude palm oil (CPO) export reference price every two weeks instead of monthly, a senior trade ministry offici ...
Friday, 08 July 22
BUNKER PRICES EXPECTED TO RECOVER LOST GROUND NEXT WEEK - SERGEY IVANOV, MABUX
Over the Week 27, the world bunker indices showed a sharp decline, primarily due to the fall in oil prices on July 05. The 380 HSFO index fell by 5 ...
Thursday, 07 July 22
NTPC MINES 61% MORE COAL AT 4.22 MN METRIC TONNES IN APRIL-JUNE: PTI
State-owned power giant NTPC on Tuesday said that its coal output grew by 61 per cent to Rs 42.40 lakh metric tonnes in April-June quarter from 26. ...
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- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
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