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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, 02 February 22
COAL STORAGE IN CHINA’S POWER PLANTS NEAR RECORD HIGHS - XINHUA
Coal inflows into China’s power plants have picked up, bringing their coal storage to near record highs, the National Development and Reform ...
Wednesday, 02 February 22
MARKET INSIGHT - INTERMODAL
Oil prices have rallied to the highest level since October 2014 breaking above $90/bbl recently. November 2014 was the point when OPEC unleashed pr ...
Monday, 31 January 22
HOW INDONESIA'S COAL EXPORT BAN COULD IMPACT INDIA - IEEFA
What does it mean for power generation and energy security?
Not long ago, India faced coal shortages due to a decline in domestic co ...
Sunday, 30 January 22
AIR PRODUCTS' COAL GASIFICATION PROPOSAL TRIGGERS LOOMING POLICY DISPUTES IN INDONESIA - IEEFA
Plan to substitute Indonesia’s LPG imports with dimethyl ether may be hard to realize due to conflicting business interests
In ...
Sunday, 30 January 22
ENDGAME FOR NEW COAL POWER PROJECTS? - IEEFA INDIA
Retired coal units must be replaced only by assets that can provide grid flexibility
Reportedly, an expert committee appointed by th ...
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Showing 361 to 365 news of total 6871 |
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- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Planning Commission, India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Australian Coal Association
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
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