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Saturday, 20 October 12
SUPRAMAX FREIGHT EXPECTED TO BE FLAT - VISTAAR


COALspot.com - The shipping market continued to be quite active with quite lot of cargoes fixed for in the cape and panamax sector.

The BDI was up by 9.07 pct closing at 1010 points and the cape index was by 15.83 pct closing at 2217 points. The panamax index seemed to stabilise closing at 879 points (up by 0.92 points). The supramax and handy size index was down closing at 732 points (down by 5.67 points) and 445 points (down by 0.22 pct).

The Supramax freight market from Indonesia to India was steady.   The charter rates for vessels delivery Singapore reported around US$ 10000 per day for trip via Indonesia to India.  The Supramax freight expected to be flat to weak next week and the panamax freights expected to be flat.

Short period rates for Cape size vessels was at  US$ 13000-14000 per day, Panamax at US$ 8000 per day and Supramax at US$ 9000 per day.

The iron imports into china has been steady, while there has been slow down on coal imports. The Indian coal imports still has not picked up and remained low.

The average charter rates were at Cape/US$ 14300 per day, Panamax/US$ 7020 per day, Supramax/US$ 7652 per day and Handy size/US$ 6555 per day.

The futures for the three years (2013-2016) was at around Cape/US$ 16000 per day, Panamax/US$ 10000 per day, Supramax/US$ 10000 per day, Handy size/US$ 8250 per day.

The supramax index in the feast (S8 route) was up by 3.63 pct and closed at US$ 7655 per day (last week US$ 7387 per day) and S7 route was almost at same levels and closed at US$ 4358 per day (last week US$ 4355 per day). Both routes are likely to be steady next week.

The congestion in EC Australia was at 32 vessels this week (last week 33 vessels).  The vessels waiting at main coal loading ports were at Hay point /4, DBCT/5, Gladstone/12, Abbot Point/1, New Castle/7, Port Kembla/3 vessels. On the WC Australia iron ore vessels waiting was at 30 vessels (last week 41 vessels).

The Brent crude oil prices was slightly down by 2.00 pct and closed at US$ 112.28 per barrel (last week US$ 114.57 per barrel). The bunker prices closed also lower at US$ 646.50 (last week US$ 652.50 pmt) for IFO 380 cst ex Singapore on 19th Oct 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

Thursday, 13 December 12
HANDY : WCI-CHINA RATES AROUND $ 6000 AND ECI-CHINA AROUND $ 4000 - FEARNLEYS
Handy Atlantic market remained unchanged. Rates from USG to Feast were around USD 18k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates ...


Wednesday, 12 December 12
69.23 PERCENT OF END-USERS ARE BELIEVE, COAL PRICES ARE IN UPWARD TREND
COALspot.com -  The Indonesian government’s declared coal reference price for December’ 12 has gained US cents 31 per MT  M-o- ...


Wednesday, 12 December 12
CAPESIZE FREIGHT RATES TO RANGE BETWEEN $9,000 - 16,000/DAY IN THE COMING WEEKS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted yesterday, that Capesize time-charter rates are expected to stay elevated in the foll ...


Tuesday, 11 December 12
NEWCASTLE PORT IN AUSTRALIA HAS LOADED 2,720,205 MT OF COAL W/E 10 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,720,205 MT of thermal and coking coal for week ended  0700 hours 10 December 2012, Newc ...


Sunday, 09 December 12
COAL SWAPS HAVE LOST DIRECTION DUE TO LACK OF ASIAN INTEREST
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 2.43 percent M-M but lost WoW by 0.54 percent and 0.62 ...


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