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Sunday, 15 April 12
THE SPOT FIXTURE RATES FOR SUPRAMAX IN SE ASIA SAW SOME SOFTENING OF CHARTER RATES - VISTAAR


COALspot.com - The market seem to be holding and except for Supramax and handy size index all other index was up with BDI up by 4.74 pct closing at 972 points.

The Cape index was up by 4.31 pct closing at 1572 points and Panamax index was up by 11.78 points closing at 1158 points. The Supramax index and Handy size index was slightly down closing at 936 points (down by 1.58 pct) and 540 points (down by 2.56 pct) respectively.

The spot fixture rates for Supramax in SE Asia saw some softening of charter rates. Vessels delivery South China was around $11,000 per day. Short period rates delivery far east  for Panamax was around $ 9,000-9,500 per day and for Supramax was around $11,000 per day.

The average charter rates was at Cape/$6,992 per day , Panamax/$9,264 per day , Supramax/$9,790 per day and Handy size/$8,201 per day.

The futures for three years (2012-2015) was at around Cape/$ 16,000 per day, Panamax/$ 11,000 per day, Supramax/$ 11,500 per day , Handy size/$ 9,500 per day.

The supramax index in the far east (S8 route) was down 3.93 pct and closed at $ 10,768 per day (last week $ 11,209 per day) and S7 route  was also down by 4.45 pct and closed at $ 8964 per day (last week $ 9,382 per day) . Both routes likely to be steady  this week.

The congestion in EC Australia decreased to 111 vessels this week(last week118 ). The vessels waiting at main coal loading ports were at Hay point/15, DBCT/16, Gladstone/26, Abbot Point/4, New Castle/40, Port Kembla/10 vessels. On the WC Australia iron ore vessels waiting was at 59 vessels (last week 46).

The Brent crude oil prices was almost at same levels closing at  $121.34 per barrel (last week $123.99 per barrel) and bunkers prices closed at $727.00 pmt  (last week $735.00 pmt) for IFO 380 cst ex Singapore on  13th April 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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Friday, 18 May 12
EXPORT TAX WILL ERODE PROFITS, INDONESIAN COAL EXEC COMPLAINS - THE JAKARTA GLOBE
The Jakarta Globe reported that, A 20 percent export duty the government has imposed on 14 mineral ore products will not only take a toll on mining ...


Friday, 18 May 12
KOREA EAST WEST POWER LOOKING FOR TOTAL 2.6 MILLION TONS OF 4600 NAR COAL AT FIXED PRICE FOR 5 YEARS
COALspot.com - Korea East West Power Co., Ltd is inviting bids to supply of 520,000  Metric Tons (per annum) of minimum 4,600 kcal/kg coal of N ...


Friday, 18 May 12
NICKEL ORE CARGOES ARE NOT SEEN IN MARKET ANYMORE DUE TO ON-GOING INDONESIAN BAN - FEARNLEYS AS
Handy The market remained variable. Fronthaul voyages both from Baltic and Black Sea paid over USD 18k/day. From USG to Cont tonnage would get ...


Thursday, 17 May 12
COAL MINERS OPPOSE EXPORT TAX, SUGGEST OUTPUT QUOTA - THE JAKARTA POST
The Jakarta Post reported that, coal miners have suggested that the government apply a production quota instead of implementing an export tax in ord ...


Thursday, 17 May 12
DRY BULK MARKET STILL LOOKING FOR NEW DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on moving sideways during this week, with the mixed performance across all segments. Yesterday, the industry’s be ...


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