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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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Recent News

Sunday, 01 January 12
IS INDIA FOLLOWING INDONESIA TO STANDARDIZE COAL PRICES TO GET MAXIMUM BENEFITS?
COALspot.com - Coal India limited, an Indian state owned and world largest coal producer has introduced gross calorific value (GCV) based pricing me ...


Saturday, 31 December 11
GLOBALCOAL NEWC INDEX SURGED 2.32 PERCENT
COALspot.com - globalCOAL index in Newcastle Port, benchmark for Asian market, ended substantially higher, surged 2.32 percent to US$115.47 per ...


Saturday, 31 December 11
BORNEO LUMBUNG TO BUY BUMI STAKE, SWAP CEO - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading english news paper in Indonesia reported yesterday, shareholders of Indonesian coking coal miner Borneo Lumbun ...


Friday, 30 December 11
CENTRAL GOVERNMENT SHOULD ISSUE PERMITS - THE JAKARTA POST
The Jakarta Post reported that, business associations from both the palm oil and mining sectors have suggested that the central government should re ...


Thursday, 29 December 11
NEW VESSELS DELIVERED ARE FLOODING THE OCEANS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected 2011 has been the year that newbuilding deliveries peaked and kept "flooding" the market, thus supressing freight rates and er ...


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