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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

Monday, 12 March 12
DRY BULK RATES WILL REMAIN LOW IN 2012 SAYS DANISH SHIP FINANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its annual shipping survey Danish Ship Finance said that the current outlook for the Dry Bulk market seems unlikely to foster higher rates in any ...


Monday, 12 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first days of March appear to be more encouraging for dry bulk operators, but the outlook is still gloomy for the rest of year with earnings for ...


Sunday, 11 March 12
FREIGHT RATES FOR INDONESIA TO INDIA WILL CONTINUE TO REMAIN FIRM- VISTAAR
COALspot.com - This week saw another upward trend with all indices up except for the Cape index. The BDI was up by 6.87 pct closing at 824 points ...


Friday, 09 March 12
MINING IN INDONESIA: RESTRICTION ON FOREIGN INVESTMENT - SUNIL K KUMBHAT
COALspot.com - Recently Govt has passed regulation instructing foreign mining companies to reduce their ownership stake. The regulation known as ...


Friday, 09 March 12
SHIP OWNERS LOOKING TO CHINA FOR REVIVAL, WHILE THEY KEEP SELLING OLD SHIPS FOR SCRAP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With China’s economic policy plan for the future on every ship owner’s mind, at least those involved in the dry bulk industry, the lates ...


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