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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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Saturday, 11 September 21
CIL STEPS UP SUPPLY COAL TO POWER SECTOR; PER-DAY AVERAGE 20 PC HIGHER THAN LAST YEAR - PTI
State-owned CIL on Friday said it has stepped up the supply of coal to the power sector in the first eight days of the current month, with an avera ...
Saturday, 11 September 21
RECORD CHINESE COAL FUTURES SIGNAL NEED TO BOOST OUTPUT - REUTERS
China’s coal prices have climbed to a record high, signaling the need for more production in the short term, even as the government tries to ...
Saturday, 11 September 21
IN 2022, EIA EXPECTS U.S. COAL PRODUCTION TO INCREASE BY 47 MMST TO 648 MMST
U.S. Coal production accordng to EIA's forecast, totals 601 million short tons (MMst) in 2021, 66 MMst more than in 2020, EIA's Short-Term ...
Wednesday, 08 September 21
FITCH RATINGS RAISES THERMAL COAL PRICE ASSUMPTIONS ON TIGHT SUPPLY
Fitch Ratings has increased all its Qinhuangdao 5,500kcal/kg price assumptions and short- and medium-term Newcastle 6,000kcal/kg price assumptions ...
Wednesday, 08 September 21
COAL IS STILL KING; INDONESIAN COAL PRICE REFERENCE ABOVE $150 FOR FIRST TIME IN HISTORY
COALspot.com: The Indonesian Coal Price Reference rose dramatically from US$ 127.05 in February 2011, to a peak of US$ 150.03 in September 2021, be ...
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- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- The University of Queensland
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
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