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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 which was down by 21.40 pct closed at 1,440 points. The panamax also continued to fall and was down by10.36 percent closed at 839 points . The supramax and handy size indices also  fell slightly and closed at 745 points (down by 1.97 pct) and 443 points (down by 0.89 pct) respectively.

The short period rates for supramax was firm this week fixed around US$ 9500 per day, while the Panamax was fixed around US$ 8000 per day.

The average charter rates was at Cape / US$ 6,633 per day , Panamax / US$ 6,660 per day, Supramax / US$ 7,785 per day and Handy size / US$ 6,543 per day.

The futures for three years (2013-2015) was at around Cape / US$ 13,500 per day, Panamax / US$ 9,000 per day, Supramax / US$ 9,500 per day , Handy size / US$ 8,000 per day.

The supramax index in the far east (S8 route) was down by 4.86 percent and closed at US$ 9,295 per day (last week US$ 9770 per day). The route S7 was also down by 4.49 percent  closed at US$ 5,468 per day (last week US$ 5,725 per day) . The freight market is expected to be steady this week.

The congestion in EC Australia increased to 79 vessels this week (last week 67 vessels).  The vessels waiting at main coal loading ports were at Hay point/4, DBCT/17, Gladstone/17, Abbot Point/2, New Castle/33, Port Kembla/2 vessels.

The Brent crude oil prices was down by 3.59 pct and closed at US$ 108.15 per barrel (last week  US$ 107.16 per barrel). The bunker prices closed higher at US$ 600.00  (last week US$ 595.00 pmt) for IFO 380 cst ex.Singapore on 14th Dec 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

Monday, 15 October 12
IT'S STRICTLY COME CHARTERING - CLARKSON RESEARCH SERVICES
The charter market is a bit of a dance between ship owner and charterer: one leader, one follower; one step, two steps, turn... The dance is symbiot ...


Sunday, 14 October 12
SUB-BIT INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS: SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery lost 0.329 percent w- w but gained 0.248 percent d-d on Friday, 12 Oct ...


Sunday, 14 October 12
SUPRAMAX FREIGHT STEADY: PANAMAX FREIGHTS FIRM - VISTAAR
COALspot.com - The shipping market saw some hectic activity in the Cape and panamax sector and quite a lot of fixtures reported. The BDI was up b ...


Friday, 12 October 12
HOW REAL IS THE THREAT OF PIRACY? - BIMCO
The threat of modern piracy remains serious, regardless of its seasonal variations and the fact that it is chiefly confined to the Indian Ocean, Gul ...


Friday, 12 October 12
INVESTMENT OPPORTUNITIES OCCUR IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although 2012 has by now evolved into one of the most challenging years for global shipping industry, ship owners are scouting the second hand ship ...


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