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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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Thursday, 23 September 21
RECORD-HIGH GAS PRICES AFFECT MANY EUROPEAN CORPORATE SECTORS - FITCH RATINGS
Record-high natural gas prices are putting pressure on supply chains of many European corporate sectors, including non-integrated energy suppliers, ...
Wednesday, 22 September 21
MARKET INSIGHT - INTERMODAL
The unfolding last week of a trilateral defence pact between the United States, Australia, the United Kingdom (AUKUS) envisages a wide range of col ...
Tuesday, 21 September 21
CHINESE COAL IMPORTS FROM AUSTRALIA DROP 98.6% AS RESTRICTIONS BITE - BIMCO
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian c ...
Tuesday, 21 September 21
CHINA'S COAL OUTPUT RESUMES GROWTH IN AUGUST - XINHUA
China’s raw coal output rose 0.8 percent year on year to 340 million tonnes last month, official data showed.
The growth rate ...
Wednesday, 15 September 21
MARKET INSIGHT - INTERMODAL
Following the oil price sell off during most of August, partly triggered by oil demand fears amid the delta COVID variant, oil prices have resumed ...
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- Aditya Birla Group - India
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Australian Coal Association
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
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