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Sunday, 28 October 12
INDONESIA TO INDIA SUPRAMAX FREIGHT MARKET FAIRLY STEADY - VISTAAR


COALspot.com - The Cape size sector continued to remain active with iron ore movement being steady. All other sectors were down.

The BDI was up by 3.86 pct closing at 1,049 points and the cape index was by 10.55 pct closing at 2,451 points. The panamax index was down by 8.53 pct closing at 804 points. The supramax and handy size index was also down closing at 699 points (down by 4.51 pct) and 434 points (down by 2.47 pct).

The supramax freight market from Indonesia to India was fairly steady.

The charter rates for vessels delivery Singapore reported around $ 10,000 per day for trip via Indonesia to India.  The Supramax freight expected to be steady to slightly weak next week and the panamax freights expected to be steady.

One year charter rates for cape size vessels was at  around $ 14,000 per day. Short period rates for Panamax and supramax was around $ 8000 per day.

The iron imports into china has been steady , but that could soften once there is sufficient stock. The prices of iron ore and coal remains soft and seems freight market could be fairly steady to soft.

The average charter rates was at cape/$ 16,842 per day , panamax/$ 6,424 per day , supramax/$ 7,304 per day and Handy size/$ 6,397 per day.

The futures for three years (2013-2015) was at around cape/$ 16,000 per day, panamax/$ 10,000 per day, supramax/$ 10,000 per day , Handy size/$ 8,000 per day.

The supramax index in the feast (S8 route) was steady up by 1.06 pct and closed at $ 7736  per day (last week $ 7,655 per day) and S7 route  was slightly up by 1.79 pct and closed at $ 4,436 per day (last week $ 4,358 per day) . Both routes likely to be steady next week.

The Brent crude oil prices was slightly down by 2.43 pct and closed at $ 109.55  per barrel (last week  $ 112.28 per barrel). The bunker prices closed also lower at $ 628.00  (last week $ 646.50 pmt) for IFO 380 cst ex Singapore on 26th 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

Saturday, 22 December 12
FALL IN CAPE AND PANAMAX RATES DRAG BDI INDEX - VISTAAR
COALspot.com - The freight market further softened this week closing at 700 points (down by 10.71 pct).  The cape index continued to fall and w ...


Saturday, 22 December 12
DELTA DUNIA MAKMUR PRODUCED 3.2 MILLION TONS OF COAL IN NOVEMBER' 12
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 28.1 million bcm* (+1.8% YoY) of Overburden in November 2012 while coal production was at 3.2 ...


Friday, 21 December 12
JORC CODE, 2012 EDITION NOW FINALIZED
COALspot.com - The JORC Committee has announced that,  the completion of the review of the JORC Code of 2012 Edition. The JORC Code, 2012 Ed ...


Thursday, 20 December 12
COAL CLOSING IN ON OIL AS WORLD'S TOP ENERGY SOURCE BY 2017
COALspot.com - Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’ ...


Thursday, 20 December 12
CHINA'S IRON ORE AND COAL DEMAND WILL SHAPE THE CAPESIZE DRY BULK TRADE DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the best efforts from ship owners to help alleviate the current tonnage oversupply issue in the dry bulk segment, especially in the larger v ...


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