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Saturday, 08 September 12
INDO INDIA ROUTE FREIGHT FOR SUPRAMAX REMAINS STRONG - CAPT. REDDY


COALspot.com - The freight market overall remained weak and except for cape index all other sectors were down. The biggest drop was in the Panamax sector.  The BDI was down by 4.83 pct closing at 669 points and the cape index was up by 8.14 pct closing at 1,186 points. The panamax dropped  by 18.50 pct closing at 599 points. The supramax and handy size was almost at same levels closing at 832 points (down by 2.92 points) and 458 points (down by 0.22 pct) respectively.

The Supramax freight market from Indonesia to India continued to show some signs of firmness.

The overall coal demand to India and China is low and the demand is likely to be weak. The iron demand also is expected to be weak in the coming months. The freight rates from Indonesia is expected to be steady next week.

The average charter rates was at Cape/US$ 3,452 per day , Panamax/US$ 4,758 per day , Supramax/US$ 8,703 per day and Handy size/US$ 6,685 per day.

The futures for three years (2012-2015) was at around Cape/US$ 13,500 per day, Panamax/US$ 9,500 per day, Supramax/US$ 10,000 per day , Handy size/US$ 8,250 per day.

The supramax index in the far east (S8 route) was up by 5.12 pct and closed at US$ 7,220  per day (last week US$ 6,868 per day) and S7 route  was down by 1.51 pct  and closed at US$ 4,680 per day (last week US$ 4,752 per day) . Both routes likely to be steady next week.

The congestion in EC Australia was at 56 vessels this week (last week 70 vessels).  The vessels waiting at main coal loading ports were at Hay point/2, DBCT/9, Gladstone/2, Abbot Point/1, New Castle/39, Port Kembla/2 vessels. On the WC Australia iron ore vessels waiting was at 31 vessels (last week 23 vessels).

The Brent crude oil prices moved up slightly and closed at US$ 114.39  per barrel (last week  US$ 114.79 per barrel). The bunker prices was almost at same levels closing at US$ 679.50  (last week US$ 678.00 pmt) for IFO 380 CST ex. Singapore on 7th Sept 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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Recent News

Tuesday, 30 March 10
PRICES FOR COKING COAL, IRON ORE TO SOAR AMID BURGEONING STEEL DEMAND: SCOTIABANK
Winnipeg Free Press  reported that, Strong steel demand from China and a recovery in the developed world will push coking coal prices 56 per ce ...


Sunday, 28 March 10
DEMAND FROM INDIA RESHAPING THE GLOBAL COAL MARKET - DAVE FOREST
Attention international coal industry. There's a new kid on the block. The nation of India. India is emerging as a major re-shaping force for ...


Sunday, 28 March 10
SHIPS FROM WC INDIA TO CHINA CONTINUED TO BE FIXED AT HEALTHY LEVELS AT AROUND US$ 50/52,000 PER DAY - VISTAAR
COALspot.com: The dry bulk freight market seemed to be heading for a correction with all the indices dropping by 8-10 pct except for handy size whic ...


Saturday, 27 March 10
CHINA DROUGHT MAY RAISE COAL DEMAND, BOOST PRICES, CLSA SAYS - BLOOMBERG
Bloomberg reported that, Droughts in southwest China may increase demand for coal used in power plants, and ‘support” prices in the &ldq ...


Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coa ...


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