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Sunday, 06 January 13
FREIGHT MARKET REMAINED FAIRLY STEADY - VISTAAR


WISH YOU ALL HAPPY NEW YEAR

COALspot.com - The freight market remained fairly steady in spite of Christmas / New Year Holidays. The BDI was almost steady closing at 706 points. The iron ore movement picked up and seems China stocking up iron ore which kept the cape size index firm closing at 1285 points. Panamax index was soft closing at 670 points. The supramax and handy size index was almost steady closing at 739 points and 446 points respectively.

The average charter rates was at Cape / US$ 5,259 per day , Panamax / US$ 5,622 per day , Supramax / US$ 7,654 per day and Handy size / US$ 6,587 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 feast (S8 route) was fairly steady closing at US$ 8,660 per day .The route S7 was also fairly steady closing at US$ 5,198 per day .  The freight market is expected to be steady this week.

The Brent crude oil prices was up and closed at US$ 111.45  per barrel. The bunker prices closed higher at US$ 627.50 pmt ( IFO 380 CST ex Singapore on 4th Jan 2013).

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, 24 January 13
INDO - INDIA NOW AT APS $ 8K + BB USD 90000 - FEARNLEYS AS
Handy The Atlantic market remains stable as supply of tonnage is still in excess of demand. USG- Far east fixed at $18k and CONT-FEAST at $ 11k. Pa ...


Thursday, 24 January 13
DRY BULK MARKET FALLS ON TROPICAL CYCLONE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been on the downside during the past couple of days, mainly as a result of the tropical storm which forced ports to close do ...


Tuesday, 22 January 13
PORT OF ANTWERP HANDLES 7.0 PERCENT MORE COAL IN 2012 Y-Y
COALspot.com - The port of Antwerp handled 184,134,516 tonnes of freight last year. This represents a drop of 1.6% compared with 2011, when the v ...


Monday, 21 January 13
NEWCASTLE PORT SHIPPED 10.21 PERCENT LESS COAL W/E 21 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 2,804,152 MT of thermal and coking coal for week ended  0700 hours 21 January 2013, Newca ...


Monday, 21 January 13
PANAMAX DRY BULK CARRIERS AND AFRAMAX TANKERS PROVED TO BE THE "WEAPON OF CHOICE" FOR MOST SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship financing getting ever so difficult to procure during the past year or so, ship owners had to get creative in order to persuade banks and ...


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