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Saturday, 08 May 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND PANAMAX / $ 21500 & SUPRAMAX / $ 18500 PER DAY - VISTAAR SHIPPING


COALspot.com: The BDI continued to go up and was up by 7.57 pct even though the stock markets was severely affected with worries on Greek debt crisis. All other sectors also was up with cape index up by 10.47 pct , however less than last week which was up by 21.55 pct. Panamax , Supramax and Handy size also was up by 4.15 pct. 6.37 pct and 4.13 pct respectively.

The effect of new deliveries seems not having any affect and all the vessels are being  absorbed. China's iron ore and coal imports continues to be firm and the sourcing is being done from places like Indonesia ,Colombia, and Russia.

The period activity continued to be active in Cape and Panamax sectors. Capsize size vessel for short period reported fixed at around US$ 34,000 per day and Panamax vessels reported fixed for one year at US$ 27,000 per day  and short period at US$ 30/32,000 per day y . Supramax Short period rates continued to be firm and were fixed at around US$ 27,000 per day  and one year was seen fixed at around US$ 23,000 per day.

BDI (Baltic Dry Index Changes)

BALTIC DRY INDEX CHANGE
 
This week
Last week
Change
Change %
Baltic Dry Index
3608
3354
254
7.57
Baltic Cape Index
4348
3956
412
10.47
Baltic Panamax Index
4062
3900
162
4.15
Baltic Supra Index
2888
2715
173
6.37
Baltic Handy size Index
1412
1356
56
4.17
As of 7 May 2010


The average charter hire was at Cape / US$ 43,686 per day y, Panamax / US$ 32,679 per day , Supramax / US$ 30,196 per day  and Handy size / US$ 20,616 per day.

The Supramax index in the Fareast (S6 route) quite firm and was by US$ 1,706 day and closed at US$ 23,345 per day. The ECI/China (S7) route also firmed up by US$ 1,873 per day  and closed at US$ 31,904 per day .

The futures for three years (2010-2012) was at around Cape / US$ 30,000 per day , Panamax / US$ 21,500 per day , Supramax / US$ 18,500 per day , Handy size / US$ 14,500 per day .

The congestion in EC Australian ports reduced to 113 vessels this week (last week 123 vessels ).

The vessels waiting at main coal loading ports were at Hay point/2, DBCT/63, Gladstone/9, Abbot Point/3, New Castle/34 vessels, Pot Kembla/2 vessels. On the WC Australia iron ore vessels waiting also reduced to 19 vessels (last week 22 vessels).   

The waiting at Indian ports for coal vessels was quite normal around 2/3 days except and congestion situation improved 3/4 days.

The Brent crude prices dropped this week by US$8.81 per barrel and closed at US$ 78.51 per barrel (last week US$ 87.38 per barrel). The  prices of bunkers was also soft and was down at US$ 473.00 pmt (ifo 380 cst ex Singapore) on 7th May 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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Recent News

Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...


Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...


Wednesday, 26 May 10
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In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...


Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...


Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...


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