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Sunday, 20 May 12
SPOT FREIGHT RATE DIPS FURTHER - VISTAAR


COALspot.com - The BDI was marginally up by 3 points (0.26 pct) closing at 1,141 points.

The cape index was up by 1.17 pct closing at 1,633 points. The panamax index continued its fall and was down by 3.63 pct closing at 1274 points. The supramax index was also slightly down by 0.35 pct closing at 1,108 points. The handy size index was up by 3.73 pct closing at 639 points.

The freight market from Indonesia to India was weak and many spot vessels were seen looking for employment.  The spot fixture rates for Supramax in SE Asia remained weak with vessels rating around US$ 13,000 delivery SE Asia / Singapore. Short period rate for Supramax reported around US$ 11,000 per day and for Panamax around US$ 9,500 delivery Far East.

The average charter rates was at Cape / US$ 8,905 per day , Panamax / US$ 10,159 per day , Supramax / US$ 11,588 per day and Handy size / US$ 9,571 per day.

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

The supramax index in the feast (S8 route) was down by 12.72 pct and closed at US$ 9,323  per day (last week US$ 10,682 per day) and S7 route  was down by 6.80 pct  and closed at US$ 8,350 per day (last week US$ 8,959 per day) . Both routes likely to be soft next week.

The congestion in EC Australia was at 69 vessels this week (last week 68 vessels).  The vessels waiting at main coal loading ports were at Haypoint  /  5, DBCT/7, Gladstone/10, Abbot Point/2, New Castle/27, Port Kembla / 17 vessels. On the WC Australia iron ore vessels waiting was at 31 vessels (last week 33 vessels).

The Brent crude Oil prices remained weak and was down by  4.60 pct closing at US$ 106.88 per barrel (last week  US$ 112.04 per barrel) and bunkers prices also softened closing at US$ 648.00 pmt  (last week US$ 672.00 pmt) for IFO 380 cst ex Singapore on 18th May 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
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 ...


Tuesday, 15 May 12
POTENTIAL BOOM OF CHINAS COAL IMPORTS COULD PROVIDE FURTHER SUPPORT TO DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been moving sideways during the past week with the industry’s benchmark, the Baltic Dry Index (BDI) losing 0.53% on th ...


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