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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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Monday, 20 August 12
CHINESE COAL SWAPS RISE, INDONESIAN COAL CONTRACTS SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost -2.05 percent W-o-W on Friday (17 August 2012) closing but gained ...


Saturday, 18 August 12
BULK FREIGHT MARKETS CONTINUED THEIR DECLINE IN LINE WITH WEAK DEMAND - VISTAAR
COALspot.com - This week also the indices fell on all segments with BDI touching lowest in almost 3 years. The BDI closed at 714 points down by 7 ...


Thursday, 16 August 12
PUBLIC PRIVATE PARTNERSHIPS CONFERENCE 2012
Press Release - Asia’s Premier Public Private Partnerships Conference 2012 will showcase commercial opportunities for investors and developers ...


Wednesday, 15 August 12
UT GENERATED RP 3.09 TRILLION NET INCOME
COALspot.com - As of June 2012 Indonesia’s heavy equipment market grew 14%, from 8,448 units to 9,618 units (based on UT’s internal mark ...


Tuesday, 14 August 12
SAKARI ENTERED INTO JV IN CAMBODIA TO EXPLORE COAL OPPORTUNITIES
COALspot.com - Sakari joints hands with The Royal Group of Companies in Cambodia to explore and develop coal opportunities throughout the country. ...


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