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Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR


COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer.

The BDI was down 0.37 pct closing at 1,086 points. The cape size index was down by 3.89 pct closed at 2,199 points. The panamax index was also fell by 3.26 pct closed at 980 points. However, the Supramax and Handy size indices were up closing at 766 points (up by 5.80 pct) and 448 points (up by 3.94 pct ) respectively.

The demand for vessels were good and availability of vessels in Fare East / SE Asia were also tight which kept the freight market up this week. Supramax freight from Indonesia to India was firm and the freight rates are expected to be steady to firm next week.

The average charter rates for cape size vessel around US$ 15,869 per day , Panamax  around US$ 7,815 per day , Supramax  US$ 8,005 per day and Handy size at US$ 6,605 per day.

The futures for three years (2013-2015)  were at around US$ 14,000 per day for cape size, Panamax  at  US$ 9,500,  Supramax at US$ 9,500 per day and Handy size at US$ 8,000 per day.

The supramax index in the far east (S8 route) was up sharply and closed at US$ 10,110 per day (last week it was at US$ 8,939 per day). The route S7 also up sharply and closed at US$ 5,810 per day (last week US$ 5,192 per day) .

Quite a lot of ships fixed for Indonesia with delivery India which indicates that the availability of ships was tight in SE Asia. Both routes likely to be firm next week.

The congestion in EC Australia increased to 67 vessels this week (last week 44 vessels).  The vessels waiting at main coal loading ports were at Hay point/1, DBCT/17, Gladstone/13, Abbot Point/2, New Castle/32, Port Kembla/2 vessels.

The Brent crude oil prices was almost at same levels and closed at US$ 111.15  per barrel (last week  US$ 111.39 per barrel). The bunker prices closed higher at US$ 600.50  (last week US$ 609.50 pmt) for IFO 380 CST ex. Singapore on 30th  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

Tuesday, 18 December 12
NEWCASTLE PORT IN AUSTRALIA SHIPPED 20.19 PERCENT MORE COAL W/E 17 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 3,269,640 MT of thermal and coking coal for week ended  0700 hours 17 December 2012, Newc ...


Monday, 17 December 12
SHIP PRICES TO BOTTOM OUT IN 2013 SAYS GEORGE D. GOURDOMICHALIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship values especially in older tonnage, or even modern vessels with poor quality are expected to fall further during 2013, with the market as a who ...


Monday, 17 December 12
SYNERGISING WITH PIONEERS TO DEVELOP TOMORROW'S LATIN AMERICAN RAILWAYS
Press Release: Brazil being one of the largest country in South America has one of the most dynamic rail markets in the world. Rail transport in Bra ...


Sunday, 16 December 12
FREIGHT TREND SOFTENED THIS WEEK - VISTAAR
COALspot.com - The freight market further softened this week and closed at 784 points (down by 18.84 pct).  The cape index had the biggest fall ...


Friday, 14 December 12
GMR GROUP OF INDIA TO IMPORT 100K MT OF 4800 GAR COAL
COALspot.com: GMR Group of India to invite bids for 100,000 Metric Tons of imported non coking coal to be delivered during January and February 2013 ...


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