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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 was down by 14.72 pct closing at 1,228 points. The panamax also continued to fall and was down by15.37 pct closing at 710 points . The supramax and handy size index were fairly steady at 732 points (down by 1.74 pct) and 446 points (up by 0.68 pct) respectively.

The short period rates for supramax fixed around $ 8500 per day, while the Panamax were fixed around US$ 7500 per day for short period. Supramax freight rates from Indonesia to India was firm and ships were reported fixed delivery South China at around US$ 10000 per day for trip to India.

The average charter rates at Cape/US$ 4814 per day , Panamax/US$ 5622 per day , Supra max/US$ 7654 per day and Handysize/US$ 6587 per day.

The futures for three years (2013-2015) was at around Cape/US$ 13500 per day, Panamax/US$ 9000 per day, Supra max/US$ 9500 per day , Handy size/US$ 8000 per day.

The supramax index in the far east (S8 route) was up by 1.61 pct and closed at US$ 9445 per day (last week US$ 9295 per day). The route S7 was up by 3.39 pct  closed at US$ 5653 per day (last week US$ 5468 per day) . The freight market is expected to be steady this week.

The congestion in EC Australia increased to 88 vessels this week (last week 83 vessels).  The vessels waiting at main coal loading ports were at Hay point/4, DBCT/19, Gladstone/17, Abbot Point/7, New Castle/26, Port Kembla/6 vessels.

The Brent crude oil prices was up by 0.94 pct and closed at US$ 109.10  per barrel (last week  US$ 108.15 per barrel). The bunker prices closed higher at US$ 605.50  (last week US$ 600.00 pmt) for IFO 380 cst ex Singapore on 21 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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Monday, 19 November 12
IHS MCCLOSKEY ASIA PACIFIC COAL OUTLOOK CONFERENCE 2012
With the current global oversupply of thermal coal showing no signs of abating and spot prices falling to a two-year low, concerns are growing that ...


Sunday, 18 November 12
INDONESIAN SUB BITUMINOUS COAL SWAPS FOR JANUARY 2013 DELIVERY GAINS 1.29 PERCENT WOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 1.29 percent WoW  and 0.25 percent DoD on Friday, 16 Novembe ...


Saturday, 17 November 12
THE SUPRAMAX FREIGHT RATES FROM INDONESIA TO INDIA ARE EXPECTED TO BE UP NEXT WEEK - VISTAAR
COALspot.com - This week market sentiments ended positive with all the segments ending higher except for handy size which was almost at same levels ...


Saturday, 17 November 12
RECORD DEMOLITION ACTIVITY SEEKS TO CURB TONNAGE OVERSUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
This year will prove to be another record-breaker in terms of scrapping of older vessels across all shipping segments, as the equally feverish pace ...


Friday, 16 November 12
SHIP OWNERS KEEP ON INVESTING IN SECOND HAND VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Priced attractively, modern and with prompt delivery dates, second hand vessels are proving to be rather popular among cash-rich ship owners these d ...


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