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Sunday, 17 June 12
S7 & S8 ROUTES ARE LIKELY TO BE SOFT NEXT WEEK - VISTAAR


COALspot.com - The BDI gained some increase after continues fall for several weeks.

The BDI increased by 47 points (up by 5.36 pct) closing at 924 points. The cape index continued to fall down by 6.13 pct closing at 1,148 points. The biggest gain was in Panamx index which increased by 16.52 pct closing at 1,065 points. The supramax and handy size index also was up by 61 points (closing at 1,061 points) and 36 points ( closing at 653 points) respectively.

The freight market from Indonesia to India continued to remain weak but indications point to market firming up and expect rates to go up this week.

The spot fixture rates for Supramax in SE Asia remained weak with vessels trading around US$ 8,000 APS Indonesia with ballast bonus about US$ 8,000 to 10,0000.  Short period rate for Supramax reported around US$ 9,500 per day and for Panamax around US$ 9,000 delivery Far east.

The freight market expected to slightly firm this week.

The average charter rates was at Cape/US$ 3,471 per day , Panamax / US$ 8,469 per day , Supramax / US$ 11,097 per day and Handy size / US$ 9,549 per day.

The futures for three years (2012-2015) was at around Cape / US$ 14,500 per day, Panamax / US$ 10,500 per day, Supramax / US$ 10,500 per day , Handy size / US$ 9,000 per day.

The supramax index in the feast (S8 route) was down by 12.80 pct and closed at US$ 4,923  per day (last week US$ 4,323 per day) and S7 route  was down by 9.87 pct  and closed at US$ 5,323 per day (last week US$ 5,002 per day) . Both routes likely to be soft next week.

The congestion in EC Australia was at 81 vessels this week (last week 77 vessels).  The vessels waiting at main coal loading ports were at Hay point/5, DBCT/16, Gladstone/10, Abbot Point/Nil, New Castle/39, Port Kembla/11 vessels. On the WC Australia iron ore vessels waiting was at 49 vessels (last week 31 vessels).

The Brent crude oil prices almost remained at same levels as last week closing at US$ 97.60 per barrel(last week  US$ 99.78 per barrel) and bunkers prices softened closing at US$ 609.00 pmt (last week US$ 588.50 pmt) for IFO 380 cst ex Singapore on 15th June 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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Monday, 04 June 12
MITRABAHTERA SUBSIDIARY SECURES CONTRACT FROM BERAU COAL - INSIDER STORIES
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Sunday, 03 June 12
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COALspot.com - The BDI continued to fall for the fifth straight week and the BDI fell by 2.57 pct this week closing at 904 points. The Cape Size ...


Friday, 01 June 12
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