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Sunday, 11 December 11
THE PANAMAX INDEX ENDED ON POSITIVE DIRECTION - VISTAAR


COALspot.com - The BDI and Cape index continued the upward trend this week also with BDI up by 3.00 pct closing at 1,922 points and Cape index up by 8.45 pct closing at 3697 points.

The panamax index also ended on positive slightly up by  0.70 pct closing at 1713 points. The Supramax index and handy size index remained soft and closing was down by 5.18 pct closing at 1230 points  and 3.26 pct respectively closing at 602 points respectively.

Supramax delivery N. China for trips via Indonesia were reported around US$ 7,000 per day. Short Period charter rates for Panamax and Supramax was around US$ 12,000 per day.

The average charter rates was at Cape/US$ 32,617 per day , Panamax/US$ 13,682 per day , Supramax/US$ 12,857 per day and Handy size/US$ 8,597 per day.

The Supramax index in the feast (S6 route) was down by 12.50 pct and closed at US$ 6,624 per day (last week US$ 7570 per day). The EC India/China (S7 route) was also down by 2.95 pct and closed at US$ 6,800 per day (last week US$ 7007 per day). The S6 and S7 route likely to remain soft next week.

The futures for three years (2011-2013) was at around Cape/US$ 17,500 per day, Panamax/US$ 12,500 per day, Supramax/US$ 12,500 per day , Handy size/US$ 10,000 per day.

The congestion in EC Australia decreased to 117 vessels this week (last week 122 vessels). The vessels waiting at main coal loading ports were at Hay point/5, DBCT/14, Gladstone/16, Abbot Point/2, New Castle/68, Port Kembla/9 vessels. On the WC Australia iron ore vessels waiting slightly increased to 27 vessels  (last week 25 vessels).

The Brent crude oil prices was down by 1.22 pct and closed at US$ 108.88  per barrel (last week US$ 110.10 per barrel).  Bunker prices was also soft and closed at US$ 650.50 pmt (last week US$ 681.50 pmt) for IFO 380 cst ex. Singapore on 9th Dec 2011.

Click here for Vistaar’s forecasts (terms & conditions apply) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)



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Friday, 25 November 11
DISPUTE BETWEEN GIANT MINING FIRMS ENDS IN LAHAT - THE JAKARTA POST
The Jakarta Post reported that, prolonged dispute taking place in the South Sumatra regency of Lahat and involving two giant mining companies PT Buk ...


Friday, 25 November 11
DRY BULK MARKET LOSING STEAM, FAST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s been a week of falls for the dry bulk market this one, leaving ship owners with a sour taste in their mouths, as evidence of a recovery i ...


Thursday, 24 November 11
INDONESIA/INDIA SPMX TC AROUND $ 7/8K AND AROUND $ 12/13.00 PMTS ON VOYAGE BASIS - FEARNLEYS
Handy Last week ended on a positive note in the Atlantic however the activity levels are somewhat reduced.  Owners are asking in excess of USD ...


Thursday, 24 November 11
DRY BULK MARKET KEEPS LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was lower once again on Wednesday, with the industry’s benchmark, the Baltic Dry Index (BDI) ending the session down by 1. ...


Tuesday, 22 November 11
NTPC TO BUY 2 MMT OF IMPORTED COAL FOR ITS FOUR PLANTS
COALspot.com - NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government of India, the largest thermal power generati ...


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