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Sunday, 12 August 12
COAL FREIGHT RATES FALL FLAT TO SOFT ON OVERSUPPLY, WEAK DEMAND - VISTAAR SINGAPROE


COALspot.com - The BDI continued its fall 10th August.

This week all segments were down including BDI down by 9.15 pct closing at 774 points .The cape index was also down by 2.58 pct closing at 1169 points. The biggest drop was in Panamax and Supramax sector which was down by almost 11 pct closing at 814 points and 886 points respectively. The handy size index was also down by 3.80 pct closing at 531 points.

The Supramax freight market was soft from Indonesia to India and vessels were trading around US$ 6000 delivery South China for trip to India. Short Period charter rates for Supramax and Panamax was around US$ 9000 per day.

The dry shipping market is expected to soft at least for the next couple of weeks.

The average charter rates was at Cape/US$ 3852 per day , Panamax/US$ 6483 per day , Supramax/US$ 9264 per day and Handy size/US$ 7699 per day.

The futures for three years (2012-2015) was at around Cape/US$ 14000 per day, Panamax/US$ 10500 per day, Supramax/US$ 10500 per day , Handy size/US$ 8500 per day.

The supramax index in the far east (S8 route) was down by 7.20 pct and closed at US$ 6635  per day (last week US$ 7150 per day) and S7 route  was down by 5.55 pct  and closed at US$ 5330 per day (last week US$ 5643 per day) . Both routes likely to be soft next week.

The congestion in EC Australia was at 78 vessels this week (last week 74 vessels).  The vessels waiting at main coal loading ports were at Hay point/1, DBCT/15, Gladstone/6, Abbot Point/4, New Castle/44, Port Kembla/4 vessels. On the WC Australia iron ore vessels waiting was at 47 vessels (last week 44 vessels).

The Brent crude oil prices was up by 4.19 pct closing at US$ 113.45  per barrel (last week  US$ 108.89 per barrel). The bunker prices were slightly up closing at US$ 657.50  (last week US$ 632.50 pmt) for IFO 380 cst ex Singapore on 10th August 2102.

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

Saturday, 01 September 12
PANAMAX FREIGHT RATES UNDER PRESSURE FROM LOW DEMAND - VISTAAR
COALspot.com - This week the freight market was weak with mixed results. The BDI was down by 1.95 pct closing at 703 points, however there was so ...


Friday, 31 August 12
ADVERSE SHIPPING MARKET CONDITIONS SHORTENS LIFE SPAN OF VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The adverse conditions which have been put in place in the world's freight markets, means that ship owners are forced to scrap vessels of a much yo ...


Thursday, 30 August 12
INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 7K FOR DELIVERY SINGAPORE - FEARNLEYS AS
Handy The Supra market continued its negative trend with little fresh business entering the market. Continent positions fixed around USD 4k for tri ...


Thursday, 30 August 12
DRY BULK MARKET STILL LOOKING OUT FOR BETTER DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With things in China moving slowly this week, as a result of holidays, it’s no surprise that the latest positive trend in the dry bulk market ...


Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART TWO - JOSEPH KIRSCHKE
One of the most prominent casualties of Canada's entry into the Colombian mining sector has been a priest named Jose Reynal-Restrepo. Last Septembe ...


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