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Saturday, 02 February 13
FREIGHT MARKET MAY REBOUND AFTER CHINESE NEW YEAR - VISTAAR


COALspot.com - The freight market was soft and all the indices were down by around 5-7 pct this week.

The BDI was down 6.01 pct closing at 750 points. The Cape index was also down by 4.34 pct closing at 1454 points . The panamax and supramax indices also fell and closed at 664 points ( down by 7.52 pct)  and 682 points ( down by 4.08 pct) respectively. The handy size index also follows her big sisters down by 5.47 pct closed at 449 points.

The freight rates from Indonesia to India was soft and ships were being fixed at around US$ 7500 + ballast bonus US$ 75000 arrival Kalimantan.

The Iron ore demand seems to be good and the prices holding up. Also the coal demand seems to have picked and the prices are firming up. It appears the freight market could stabilize and firm up after Chinese New year. Hope, year of snake will move market to north direction.

The average charter rates were at Cape/$ 7329 per day , Panamax/$ 5257 per day , Supramax/$ 7135 per day and Handy size/$ 6707 per day.

The futures for three years (2013-2015) was at around Cape/$ 13500 per day, Panamax/$ 8500 per day, Supramax/$ 9250 per day  and Handy size/$ 8000 per day.

The supramax index in the far east (S8 route) was soft and was down  by 5.25 pct closing at $ 5925 per day(last week $ 6253 per day) .The route S7 was also down by 1.24 pct closing at $ 3988 per day (Last week $ 4038 per day) .  The freight market in this sector is expected to be flat/soft  this week.

The congestion in EC Australia was at 85 vessels this week (last week 72 vessels).  The vessels waiting at main coal loading ports were at Hay point/3, DBCT/17, Gladstone/32, Abbot Point/6, New Castle/20, Port Kembla/5 vessels.

The Brent crude oil prices was slightly up by 3.07 pct and closed at $ 116.76 per barrel (last week $ 113.28  per barrel). The bunker prices was up by almost $ 20 pmt and closed at $ 648.00 pmt (IFO 380 cst ex Singapore on 1st Feb 2013).



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Recent News

Tuesday, 15 January 13
2ND MYANMAR MINING SUMMIT & OFFICIAL HOST MINISTRY OF MINES TO WELCOME OVER 200 DELEGATES NEXT WEEK
Press Release: The Ministry of Mines is hosting the 2nd Myanmar Mining Summit in Yangon on 21-24 January to unravel the local mining climate, prospe ...


Monday, 14 January 13
NEWCASTLE PORT SHIPPED 2.32 PERCENT LESS COAL W/E 14 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 3,123,312 MT of thermal and coking coal for week ended  0700 hours 14 January 2013, Newca ...


Monday, 14 January 13
THE COAL MONGOLIA - 2013 OFFICIALLY IN COOPERATION WITH TOP MINING COMPANIES
Press Release: Mongolian first mining portal site Mining.mn has already started its preparation of the International Conference “COAL MONGOLIA ...


Monday, 14 January 13
NTPC INVITES BIDS FOR 500K MT OF IMPORTED COAL
COALspot.com - NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company called for a ...


Sunday, 13 January 13
THE FREIGHT MARKET: FAIRLY STEADY - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices up with maximum gain in the Panamax segment. The BDI was up by 7.65 pct clo ...


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