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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, 30 June 21
MARKET INSIGHT - INTERMODAL
The strong freight performance since the beginning of year has continued for the dry bulk market with earnings being at the highest level in over a ...
Monday, 28 June 21
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA THREATENS TO REVOKE 2,350 MINING BUSINESS PERMITS
The Ministry of Energy and Mineral Resources said that the revocation of mining business permits was in accordance with President Jokowi's inst ...
Sunday, 27 June 21
INDONESIA'S STATE-OWNED UTILITY PLN'S 2060 NET ZERO AMBITION NOT WITHOUT FLAWS AND GAPS - IEEFA
Indonesia on the right emissions reduction pathway but same old coal stories persist
Recent announcements by Indonesia’s state-owned uti ...
Saturday, 26 June 21
COAL PRICES HIT DECADE HIGH DESPITE EFFORTS TO WEAN THE WORLD OFF CARBON - WSJ
Rebounding electricity usage and scanty rainfall in China have added fuel to the rally
Coal prices have climbed to their highest lev ...
Saturday, 26 June 21
KOSPO INVITED BIDS FOR 480,000 MT OF COAL PER ANNUM
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for total 480,000 MT of NCV 1 Min. 5,600 (Spec 1) /Min. 5,0 ...
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- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- The University of Queensland
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Planning Commission, India
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
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