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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, 08 September 21
MARKET INSIGHT - INTERMODAL
Last August was extremely hot in the dry bulk market with rates rising at levels that we have years to witness. The dry bulk index exceeded the 4,0 ...
Wednesday, 01 September 21
KOMIPO TO BUY 1.56 MILLION TONS OF 5600 NAR COAL OF AUSTRALIA OR SOUTH AFRICAN ORIGIN FOR 2022 - 2024
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
Wednesday, 01 September 21
MARKET INSIGHT - INTERMODAL
As the summer season is coming to an end, the dry bulk market continues to rally. The confidence that the outstanding freight market performance ha ...
Monday, 30 August 21
68% OF U.S. COAL FLEET RETIREMENTS SINCE 2011 WERE PLANTS FUELED BY BITUMINOUS COAL - EIA
In 2011, the United States had 317.6 gigawatts (GW) of coal-fired electric generation capacity. About 88.7 GW of that capacity was retired in the d ...
Friday, 27 August 21
ALL YOU NEED TO KNOW ABOUT COAL'S MASSIVE RALLY AND NEAR-TERM OUTLOOK - CNBCTV18
Australia’s thermal coal at Newcastle Port, the benchmark for the vast Asian market, has surged over 100 percent this year to trade above $16 ...
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- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Australian Coal Association
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- White Energy Company Limited
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
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