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Sunday, 31 March 13
COAL FREIGHTS ARE IN FLAT TO WEAK TREND - VISTAAR


COALspot.com - This freight market after several weeks of firming up seemed to lose steam and this week all the indices were down except for handy size index.

The BDI was down by 2.46 pct closing at 910 points on 28 Thursday and the Cape index was down by 2.72 pct closing at 1249 points. The panamax index down by 2.65 pct closing at 1176 points and the Supramax index down by 3.47 pct closing at 944 points.

The Handysize index was slightly up by 0.92 pct closing at 547 points.

With the iron ore prices bottoming out,  the iron ore import is expected to pick with many mills want to rebuild their stocks. The grain cargoes from South America was keeping the Panamax freight rates firm. The freight rates are expected to be steady next week.

The ship for coal cargoes seemed much lower this week, which seems to be the reason for Panamax / Supramax market coming off. There were very few fixtures reported this week for coal shipments. Next week the freight is expect to be flat to soft.

The average charter rates was at Cape / US$ 4,678 per day , Panamax / US$ 9,412 per day , Supramax / US$ 9,866 per day and Handy size / US$ 8,111 per day.The futures for three years (2013-2015) was at around Cape / US$ 14,000 per day, Panamax / US$ 10,000 per day, Supramax / US$ 10,000 per day , Handy size / US$ 9,000 per day.

The supramax index in the far east (S8 route) was down by 3.11 pct and closed at US$ 10,275 per day (last week US$10,605 per day) .The route S7 was also down by 1.09 pct closing at US$ 8,160 per day (Last week US$ 8,250 per day) .  The freight market in this sector is expected to be steady next week.

The Brent crude oil prices was slightly up by 2.19 pct closing at US$ 110.02 per barrel (last week US$ 107.66 per barrel). The bunker prices was also slightly up and closed at US$ 636.00 pmt (IFO 380 cst ex Singapore on 28th March 2013).

Baltic Dry Index : Down
Cape index: Down
Panamax index : Down
Supramax index:
Down
( as of 28 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

Sunday, 17 March 13
A WEAK WEEK FOR SUB-BIT INDONESIA COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 2.11 percent and CFR South China coal shipment  ...


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 ...


Friday, 15 March 13
CHEAP SHIP VALUATIONS DON'T NECESSARILY MEAN ATTRACTIVE SAYS VESSELS VALUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship prices plunging by double-digits in the past few years, many ship owners are pondering their next moves in a market often described as att ...


Thursday, 14 March 13
SUPRAMAX : INDO - INDIA TRIP RATE IS AROUND $10,000; SOUTH CHINA $9500 - FEARNRESEARCH
Handy Indian market is still quiet in respect of export of iron ore. WC India market has improved with a few stems out of the MEG, WC India opening ...


Thursday, 14 March 13
DRY BULK MARKET KEEPS ON RISING MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry ...


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