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Sunday, 27 January 13
FREIGHT MARKET: FLAT TO SOFT - VISTAAR


COALspot.com - The freight market was soft and all the indices were down except for handy size.

The BDI was down 4.66 pct closing at 798 points.. The Cape index was down by 5.29 pct closing at 1520 points . The panamax and supramax indices were also down and closed at 718 points ( down by 2.91 pct)  and 711 points ( down by 2.60 pct) respectively. The handy size index was up by 1.06 pct closing at 475 points.

The freight rates from Indonesia to India was soft and ships were being fixed at around US$ 7000 + ballast bonus US$ 100000 arrival Kalimantan.

The average charter rates were at Cape/US$ 7,922 per day , Panamax/US$ 5,690 per day , Supramax/US$ 7,426 per day and Handysize/US$ 7,094 per day.

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

The supramax index in the feast (S8 route) was soft and was down  by 10.22 pct closed at US$ 6,253 per day (last week it was at US$ 6,965 per day) .The route S7 was also down by 8.128 pct closed at US$ 4038 per day (Last week US$ 4,395 per day) .  The freight market in this sector is expected to be flat/soft  this week

The congestion in EC Australia was at 72 vessels this week (last week 65 vessels).  The vessels waiting at main coal loading ports were at Hay point/5, DBCT/15, Gladstone/20, Abbot Point/3, New Castle/26, Port Kembla/3 vessels.

The Brent crude oil prices was slightly up by 1.36 pct and closed at US$ 113.28 per barrel (last week US$ 111.76  per barrel). The bunker prices was almost at same levels and closed at US$ 631.50 pmt (IFO 380 CST ex Singapore on 25th 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

Monday, 28 January 13
BAYAN RESOURCES TO SELL 18 MILLION TONS OF COAL TO GNPOWER MARIVELES COAL PLANT
Publicly-listed PT Bayan Resources announced on Friday that it had signed an agreement on coal sales with Philippine-based GNPower Mariveles Coal Pl ...


Sunday, 27 January 13
CFR SOUTH CHINA COAL SWAPS: WEAK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has gained 0.31 percent and CFR South China coal shipment&nbs ...


Friday, 25 January 13
BOTSWANA GOVERNMENT GRANTS COAL LICENSES TO A-CAP RESOURCES LIMITED
A-Cap Resources Limited has announced that it has been granted coal rights within its Bolau tenements which sit next to the Sese Coal and Power Proj ...


Friday, 25 January 13
SMALL ROOM FOR OPTIMISM FOR THE PROSPECTS OF THE DRY BULK MARKET AS NET FLEET GROWTH IS SLOWING DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market didn't manage to post a rebound during the past year, quite the opposite, as a fast fleet growth and slow ...


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 ...


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