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Sunday, 25 November 12
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO BE FIRM - VISTAAR


COALspot.com - The freight market was buoyant this week with all sectors up except for the Cape size index. The BDI was up by 5.21 pct closing at 1090 points. The cape size index was down by 2.51 pct closing at 2288 points , whereas panama index was up by 14.33 points closing at 1013 points. The Supramax and Handy size index were also up closing at 724 points (up by 7.42 pct) and 431 points (up by 6.12 pct ) respectively.

The Supramax freight market from Indonesia to India was firm and the freight rates are expected to be up next week too.

The average charter rates were at Cape/US$ 16,412 per day , Panamax/US$ 8,091 per day , Supramax/US$ 7,566 per day and Handy size/US$ 6,357 per day.

The futures for three years (2013-2015) was at around Cape/US$ 15,000 per day, Panamax/US$ 9,500 per day, Supramax/US$ 9,500 per day  and Handy size/US$ 8,000 per day.

The supramax index in the far east (S8 route) was up by 9.48 pct and closed at US$ 8,939 per day (last week it was at US$ 8165 per day). S7 route  was also up by 12.62 pct  and closed at US$ 5192 per day (last week it was US$ 4,610 per day) . Both routes likely to be firm next week.

The congestion in EC Australia was at 44 vessels this week (last week 40 vessels).  The vessels waiting at main coal loading ports were at Hay point/3, DBCT/11, Gladstone/12, Abbot Point/Nil, New Castle/14, Port Kembla/4 vessels.

The Brent crude oil prices was slightly up by 2.01 pct and closed at US$ 111.39  per barrel (last week  US$ 109.19 per barrel). The bunker prices closed higher at US$ 609.50  (last week US$ 611.00 pmt) for IFO 380 cst ex Singapore on 23rd Nov 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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