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Sunday, 17 March 13
COAL FREIGHT RATES STEADY ON HIGHER DEMAND - CAPT. REDDY


COALspot.com - This freight market continued to remain firm in all segments.

The BDI was up by 5.81 pct closing at 892 points. Cape index was up by 2.93 pct closing at 1299 points. The panamax index was holding and was up by 3.38 pct closing at 1162 points.  The supramax and had size indices were up closing at 925 points (up by 7.06 pct) and 506 points (up by 4.76 pct) respectively.

With the iron ore demand softening the capsize charter rates are expected to be soft. The panama and supramax charter rates expected to reaming firm/steady next week.

The average charter rates was at Cape/US$ 4,923 per day , Panamax/US$ 9,296 per day , Supramax/US$ 9,677 per day and Handy size/US$ 7,536 per day.

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

The supramax index in the far east (S8 route) was sharply up by 12.03 pct and closed at US$ 9,640 per day (last week US$ 8,605 per day) .The route S7 was also sharply up by 14.09 pct closing at US$ 7,393 per day (Last week US$ 6,480 per day) .  The freight market in this sector is expected to be steady/firm next week.

The Brent crude oil prices slightly fell and closed at US$ 109.82 per barrel (last week US$ 110.85 per barrel). The bunker prices was lower  and closed at US$ 632.00 pmt (IFO 380 cst ex Singapore on 15th March 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, 20 June 13
CAPESIZE : FINALLY A SUBSTANTIAL IMPROVEMENT IN RATES! - FEARNLEYS A.S
Handy Atlantic market kept a steady curve from last week. US Gulf positions fetched tick above USD 21k for Cont/Skaw direction, and vessels fixed f ...


Wednesday, 19 June 13
NEWCASTLE SHIPPED 16.05 PERCENT LESS COAL W/E 17 JUNE 2013
COALspot.com - Newcastle port in Australia has loaded 2,606,071 tons of coal for the week ended  0700 hours 17 June 2013, Newcastle Port Corp. ...


Sunday, 16 June 13
WEAK DEMAND KEEPS COAL PRICES LOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 2.94 percent  week on week but gained 0.06 percent ...


Saturday, 15 June 13
S7 AND S8 ROUTES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week freight movement was fairly firm with news of China is rebuilding iron ore stockpiles, and ease import rules. Cape and Pana ...


Saturday, 15 June 13
SHIPPING CONFIDENCE REACHES HIGHEST LEVEL FOR TWO AND A HALF YEARS - MOORE STEPHENS
Overall confidence levels in the shipping industry rose to their highest level for two and a half years in the three months ended May 2013, accordin ...


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