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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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Friday, 04 June 21
NEW COAL-FIRED POWER PLANTS IN INDIA WILL BE ECONOMICALLY UNVIABLE - IEEFA
Coal capacity additions face major stranded asset risk
Much of India’s 33 gigawatts (GW) of coal-fired power capacity currently under co ...
Thursday, 03 June 21
JUNE HBA IS HITTING ABOVE $100 AND SETTLED AT ITS HIGHEST SINCE OCTOBER 2020
COALspot.com: The Indonesia coal price reference for June 2021 settles at US$ 100.33 per ton FOB vessel.
The Indonesia coal pr ...
Wednesday, 02 June 21
INDONESIA RV WAS DOWN TO LOW/MID $20,000S DAY FOR PANAMAX/KAMSARMAX WITH DELIVERY S CHINA - BANCHERO COSTA
Panamax
A softening week in the Pacific basin with rates under a downward pressure mainly caused by the oversupply of tonnage in the area, said ...
Wednesday, 02 June 21
EUROPEAN UNION'S IRON ORE IMPORTS - BANCHERO COSTA
The European Union (27) is currently the fourth largest importer of iron ore in the world, after China, Japan, and South Korea.
Euro ...
Tuesday, 01 June 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.02 PCT - XINHUA
China Taiyuan coal transaction price index stood at 160.06 points Monday, down 0.02 percent week on week.
The index, released by Chi ...
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- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Planning Commission, India
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
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