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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, 27 May 21
CHINA POWER DEMAND EXCEEDS PRE-COVID-19 LEVELS; THERMAL OUTPUT STRONG - FITCH RATINGS
Rising Consumption: Total power consumption rose by 21.2% yoy to 1,921.9GWh in 1Q21 due to the fast recovery of China’s economy, after a drop ...
Thursday, 27 May 21
CHINA'S POWER DEMAND EXCEEDS PRE-PANDEMIC LEVELS; RENEWABLES TO DRIVE DEVELOPMENT - FITCH RATINGS
China's power consumption exceeded the pre-Covid-19 levels in 1Q21 due to the country's fast economic recovery, with strong output from the ...
Wednesday, 26 May 21
THE INDONESIA COAL PRICE REFERENCE FOR MAY 2021 SETTLES AT US$ 89.74 PER TON
COALspot.com: The Indonesia coal price reference for May 2021 settles at US$ 89.74 per ton FOB vessel.
The Indonesia coal pric ...
Wednesday, 26 May 21
MARKET INSIGHT - INTERMODAL
Last year crude tankers’ newbuilding contracting activity was devastated by the economic effects of the Covid-19 pandemic and the cloud of un ...
Wednesday, 26 May 21
NEW POWER AND ENERGY MASTER PLAN MUST BE DESIGNED IN BANGLADESH'S BEST INTERESTS, NOT JAPAN'S - IEEFA
JICA must deliver a low or zero emissions plan as promised, not fund Matarbari 2 coal plant
Clear understandings from the Bangladesh ...
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- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Central Electricity Authority - India
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- The University of Queensland
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
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