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Sunday, 08 January 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7000 PER DAY - VISTAAR


Wish You a Very Happy and Prosperous New year 2012.

COALspot.com - The last report by us was on 16th Dec 2011 and because of holidays this would be the next report updated 8th Jan 2012.

The market since then has softened quite a lot. The BDI was down by 541 points and cape was down by 1,268 points. The panamax index was down by 238 points and Supramax index was down by 81 points. The handy size index was least affected and was down only by 29 points. The markets are expected to remain soft at least until Chinese New Year  Holidays and seems will pick from February onwards.

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

Even though the charter rates have been soft, the bunker prices have been firm and touching $ 722 (for IFO 380 CST), which has been keeping the freight firm.

The average charter rates was at Cape/$ 15,477 per day , Panamax/$ 12,272 per day , Supramax/$ 11,623 per day and Handy size/$ 8,115 per day.

The Supramax index in the feast (S6 route) closed at $ 6,608 per day and S7 route closed at $ 6,795 per day . Bothe S6 and S7 route likely to remain steady next.
 
The futures for three years (2012-2014) was at around Cape/$ 17,000 per day, Panamax/$ 12,500 per day, Supramax/$ 12,000 per day , Handy size/$ 9,500 per day.

The congestion in EC Australia decreased to 99 vessels this week. The vessels waiting at main coal loading ports were at Hay point/4, DBCT/19, Gladstone/18, Abbot Point/2, New Castle/54, Port Kembla/9 vessels. On the WC Australia iron ore vessels waiting was at 33 vessels.

The Brent crude oil prices closed at US$ 113.34  per barrel and bunkers prices closed at $ 722.50 pmt for IFO 380 CST ex. Singapore on 6th Jan 2012.

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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Wednesday, 04 January 12
NEWBUILDING ORDERS PICKED UP IN 2011, BUT 2012 EXPECTED TO BE A DIFFERENT STORY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
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Wednesday, 04 January 12
MAHAGENCO TO IMPORT LOW MOISTURE COAL
COALspot.com - Maharashtra State Power Generation Co. Ltd. is the state power generation utility owned by Government of Maharashtra, intends to proc ...


Tuesday, 03 January 12
INDONESIA COAL REFERENCE PRICE FELL AGAIN
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the January 2012 coal reference price at US$ 109.29 per ton or US$ 3.3 ...


Tuesday, 03 January 12
WHICH WAY WILL THE DRY BULK MARKET HEAD ON FIRST WEEK OF THE YEAR? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Dry bulk ship owners will be wondering which way will the BDI (Baltic Dry Index), the industry’s benchmark, will head during the first days of ...


Monday, 02 January 12
THE PROMISE OF INDIA: A BRIEF INTERRUPTION? - CLARKSONS / HELLENIC SHIPPING
Future growth in Indian seaborne coal imports has sometimes been considered as one of the largest potential upsides in the currently oversupplied dr ...


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