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Sunday, 07 April 13
CHARTER RATES ARE UNDER PRESSURE DUE TO DECLINING DEMAND - VISTAAR


COALspot.com - The freight market continued to fall further with all the indices down.

The BDI was down by 5.38 pct closing at 861 points and the Cape index was down by 2.72 pct closing at 1,215 points. The panamax index was also down by 6.97 pct closing at 1,094 points and the supramax index was down by 3.39 pct closing at 912 points. The Handy size index was down by 4.02 pct closing at 525 points.

The charter rates are down with the decline in demand for grain cargoes from South America and Iron Ore to China. The low steam coal demand also keeping the charter rates under pressure.

The average charter rates was at Cape/US$ 4,261 per day , Panamax/US$ 8,755 per day , Supramax/US$ 9,533 per day and Handy size/US$ 7,797 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 feast (S8 route) was sharply down by 11.68 pct and closed at US$ 9075 per day (last week US$10,275 per day) .The route S7 was also down by 3.45 pct closed at US$ 7,878 per day (Last week US$ 8,160 per day).

The freight market in this sector is expected to be flat to firm this week.

The Brent crude oil prices softened and was down by 5.36 pct closing at US$ 104.12 per barrel (last week US$ 110.02 per barrel). The bunker prices was lower and closed at US$ 620.50 pmt (IFO 380 cst ex Singapore on 5th April 2013).

Baltic Dry Index : Down
Cape index: Up
Panamax index : Down
Supramax index: Down
( as of 5 April 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, 04 April 13
HANDY:QUIET ; PANAMAX: SLOW START; CAPESIZE: LOW ACTIVITIES - FEARNRESEARCH
Handy The Atlantic markets remain quiet as charterers and owners waiting to see how it moves. The USG-Feast was at USD 20k and Black Sea-Feast was ...


Wednesday, 03 April 13
HBA HAS LOST US$ 1.53 PER MT IN APRIL 2013
COALspot.com -  The Indonesian government’s declared coal bench mark price has lost $1.53 / MT in April 2013. The monthly coal referen ...


Tuesday, 02 April 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 633K MT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 3,029,482 tons of thermal and coking coal for week ended  0700 hours 1 April 2013, Newcas ...


Tuesday, 02 April 13
THE GOVERNORS TO TAKE OVER AUTHORITY OF MINING, FORESTRY AND PLANTATION CONCESSIONS
The Indonesian government is planning to transfer the authority of issuing mining, forestry and plantation concessions from municipalities and distr ...


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 s ...


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