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Tuesday, 14 December 10
THE FREIGHT RATES FROM INDONESIA TO INDIA AND CHINA REMAINED FIRM - CAPT. REDDY


COALspot.com - The freight market continued to be soft with the Cape sector most effected which was down by 289 points  and closed at 2,694 points. The BDI was also down by 73 points and closed at 2,095 points.

The Panamax index was also remained soft and was down by 25 points and closed at 2,357 points. The Supramax and handy size were slightly up by 77 points and 14 points and closed at 1,670 points and 830 points respectively. The freight rates from Indonesia to India and china remained firm.

The bunker prices continued to be firm with crude trading above $ 90 per barrel.  The charter rates for Supramax ships opening N. China were being fixed around $ 15000 per day for trip to India or China.

The average charter rates was at Cape/$ 25,375 per day , Panamax/$ 18,873 per day , Supramax/$ 17,458 per day and Handy size/$ 12,150 per day. The Supramax index in the feast (S6 route) continued firmed up by $ 769 per day (up by 5.43 pct) and closed at $ 14,914 per day (last week $ 14,145 per day).

The EC India/ China rates also firmed up and the Supramax S7 rates was up by $ 1,450 per day (up by 10.25 pct) and closed at $ 15,592 per day (last week $ 14,142 per day).

The S6 and S7 route seems will almost at same levels due to holiday season approaching.

The futures for three years (2011-2013) was at around Cape/$ 24,000 per day, Panamax/$ 17,500 per day, Supramax/$ 17,000 per day , Handy size/$ 12,500 per day.

The congestion in EC Australia remained same at 113 vessels this week (last week 113 vessels).  The vessels waiting at main coal loading ports were at Hay point/5, DBCT/38,Gladstone/15,Abbot Point/4, New Castle/45, Port Kembla/4 vessels. On the WC Australia iron ore vessels waiting reduced to 22 vessels (last week 28 vessels).

The waiting at Indian ports for coal vessels was quite normal except for Paradip, Haldia, Kandla where the berthing delays was high.

The Brent crude prices was slightly down and closed at $ 90.55 per barrel (last week $ 91.58 per barrel). Bunker prices was slightly down and was at $ 500.50 pmt (last week $ 504 pmt) for IFO 380 cst ex Singapore on 10th Dec 2010.

Click here for Vistaar’s forecasted (terms & conditions apply) spot freight rates for coal & Iron-ore cargo for specific routes(cs)
Reported by Vistaar Shipping, Singapore



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Recent News

Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays. BDI INDEX ...


Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme. "With th ...


Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...


Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010 * Logistics woes hamper SAfrica exports, India imports India's steam coal imports ar ...


Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...


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