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Saturday, 01 May 10
THE PERIOD ACTIVITY WAS QUITE FIRM DURING THE WEEK - CAPT. REDDY


COALspot.com: The BDI was up by 11.32 pct which was mainly due to the firmness in capsize index which was up by 21.55 pct .

The other sectors Panamax, Supramax and handy size only increased marginally by 3.80 pct , 2.22 pct and 0.37 pct respectively.  “The period activity was quite firm during the week”, said Capt. Reddy, MD of Vistaar Shipping Singapore.

Capsize vessels were reported fixed at around US$ 33000 per day  for one year and short period rates were reported at US$ 35/36000 per day . Panamax vessels for short period were reported around US$ 28/30000 per day and for US$ 21/22000 per day  for 2 years. Supramax vessels short period rates reported at around US$ 25/26000 per day  and one year period rate was rates reported at around US$ 22/23000 per day.

BDI (Baltic Dry Index Changes)

BALTIC DRY INDEX CHANGE
 
This week
Last week
Change
Change %
Baltic Dry Index
3354
3013
341
11.32
Baltic Cape Index
3956
3238
698
21.55
Baltic Panamax Index
3900
3757
243
2.80
Baltic Supra Index
2715
2656
59
2.22
Baltic Handy size Index
1356
1351
5
0.37
As of 30 April 2010


“There are indications that there could be slowing down of iron ore imports by China and will be interesting to see if there would be freight market will soften. The indices and futures were soft on Friday and seems the next week could be soft at least for the early part of the week”, - Capt Reddy

The average charter hire was at Cape / US$ 38611 per day , Panamax / US$ 31382 per day , Supramax / US$ 28384 per day  and Handy size / US$ 19861 per day .

The Supramax index in the Fareast (S6 route) softened slightly by US$ 241 and closed at US$  21639 per day . The ECI/China (S7) route firmed up slightly this week and was up by US$ 993 pday and closed at US$ 30031 per day .

The futures for three years (2010-2012) was at around Cape / US$ 29000 per day , Panamax/ US$ 21000 per day , Supramax / US$ 18500 per day , Handy size / US$ 14000 per day .

The congestion in EC Australian ports reduced to 123 vessels this week (last week 141 vessels ). The vessels waiting at main coal loading ports were at Hay point / 3, DBCT / 64, Gladstone / 12, Abbot Point / 1, New Castle / 41 vessels, Pot Kembla / 2 vessels. On the WC Australia iron ore vessels waiting also reduced to 22 vessels (last week 29 vessels).   

The waiting at Indian ports for coal vessels was quite normal around 3-4 days. Waiting at Haldia is only about 1-2 days .

The Brent crude prices continued to be firm up and was at 87.38 per barrel (last week US$ 85.93 per barrel). The  prices of bunkers was quite firm at 499.00 mts (IFO 380 CST ex. Singapore) on 30th April 2010.

CLICK HERE for Vistaar’s forecasted (Terms & Conditions Apply) spot freight rates for coal & Iron-ore cargo for specific routes(cs)



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