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Saturday, 06 October 12
FREIGHT MARKET IS LIKELY TO PICK AFTER THE HOLIDAYS IN CHINA - VISTAAR


COALspot.com - The freight market appeared to be seeing some increase BDI up by 14.23 pct closing at 875 points. The Cape and Panamax index also saw good gains closing at 1932 points (up by 19.18 pct) and 598 points (up by 40.70 pct) respectively. The Atlantic market seems to be picking up  with more cargo orders in the market. However the Supramax and handy size was down closing at 795 points (down by 4.22 pct) and  444 points (down by 5.93 points) respectively.

The Supramax freight market from Indonesia to India was slightly weaker with softening of bunker prices. The charter rates were reported delivery Singapore reported around $ 10000 per day and delivery South China around $ 7000 per day. The Supramax freight expected to be steady next week and the Panamax freights expected to be firm.

"The market is likely to pick after the holidays in China and the freight markets expected to go up,"said, capt. Reddy, director of Vistaar shipping, Singapore. According to Capt, Reddy, the average charter rates were for Cape, Panamax and Supramax  at $ 11237 per day , $ 4769 per day , $ 8315 per day respectively and Handysize at$ 6535 per day.

The futures for three years (2012-2015) was at around Cape/$ 15000 per day, Panamax/$ 10000 per day, Supramax/$ 10000 per day , Handysize/$ 8500 per day.

The supramax index in the far east (S8 route) was down by 4.58 pct and closed at $ 7458  per day (last week $ 7816 per day) and S7 route  was also down by 6.61 pct and closed at $ 4531 per day (last week $ 4852 per day) . Both routes likely to be steady next week.

The congestion in EC Australia was at 51 vessels this week (last week 55 vessels).  The vessels waiting at main coal loading ports were at Hay point/2, DBCT/4, Gladstone/7, Abbot Point/Nil, New Castle/35, Port Kembla/2 vessels. On the WC Australia iron ore vessels waiting was at 37 vessels (last week 32 vessels).

The Brent crude oil prices was almost at same levels and down by 0.33 pct and closed at $ 111.80  per barrel (last week  $ 112.17 per barrel). The bunker prices was down also and closed at $ 652.50  (last week $ 660.50 pmt) for IFO 380 cst ex Singapore on 5th Oct 2012.



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Recent News

Sunday, 16 September 12
THE FREIGHT RATES FROM INDONESIA TO INDIA EXPECTED TO BE STEADY - VISTAAR
COALspot.com - The freight market was  mixed with most indices closing positive except for the Panamax index. The main sentiment seems to be ...


Saturday, 15 September 12
FINANCE MINISTRY OPPOSES TAX INCENTIVE PLAN FOR COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry has turned down the idea of providing a fiscal incentive to the country’s coal mining ind ...


Friday, 14 September 12
DRY BULK MARKET LOOKS TOWARDS CHINA FOR SOME POSITIVE NEWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market freight rates submerged underwater for a large part of the year, dry bulk owners are looking for some positive enhancement ...


Friday, 14 September 12
GOVT OFFERS CONDITIONAL TAX HOLIDAY TO AILING COAL MINERS - JP
The Jakarta Post, one of the leading English news paper in Indonesia reported that, acknowledging difficulties encountered by coal miners due to a p ...


Thursday, 13 September 12
PANAMAX: THE NEGATIVE TREND, POOR SENTIMENT CONTINUES - FEARNLEYS AS
Handy Lack of cargoes and a growing list of available ships is causing rates to slip for all Atlantic trades. The only trade keeping somewhat s ...


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