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Saturday, 13 April 13
THE FREIGHT MARKETS EXPECTED TO HOLD FIRM NEXT WEEK - CAPT. REDDY


COALspot.com - This freight market firmed up this week and all sectors were up except for Supramax index.

The BDI was up by 1.62 pct closing at 875 points and the Cape index was up by 4.11 pct closing at 1265 points. The Panamax index was also up by 1.64 pct closing at 1112 points and the supramax index was down by 1.09 pct closing at 902 points. The Handy size index was up by 0.20 pct closing at 526 points.

The charter rates for Indonesia to India and China was soft , however the other sectors were fairly steady/firm. The freight markets expected to hold firm next week also.

The average charter rates was at Cape / US$ 4,701 per day , Panamax  US$ 8,892 per day , Supramax / US$ 9,426 per day and Handy size/US$ 7,823 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 8.00 pct and closed at US$ 8,350 per day (last week US$9,075 per day) .The route S7 was also almost at same levels closing at US$ 7,875 per day (Last week US$ 7,878 per day) .  The freight market in this sector is expected to be steady / firm this week.

The Brent crude oil prices was almost at same levels just down by 1.00 pct closing at US$ 103.11 per barrel (last week US$ 104.12 per barrel). The bunker prices was almost at same levels and closed at US$ 621.00 pmt  (IFO 380 cst ex. Singapore on 12th April 2013).

Baltic Dry Index : Up
Cape index: Up
Panamax index : Up
Supramax index: Up
( as of 12 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

Sunday, 09 June 13
IRON ORE DEMAND: WEAK; COAL MOVEMENT: STEADY TO INDIA AND CHINA - CAPT. REDDY
COALspot.com - The freight market was fairly steady with BDI up by 0.37 per cent closed at 812 points this week. The Cape index was also ended in ...


Friday, 07 June 13
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Friday, 07 June 13
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Thursday, 06 June 13
WE ARE SEEING SOME FRESH INDO COAL TO CHINA AND INDIA - FEARNRESEARCH
Handy In the Atlantic, the Gulf remains firm for the next week with a few orders in the market. The Supramaxes are seeing around low 20k for fronth ...


Wednesday, 05 June 13
DON'T AVOID PAYING COAL ROYALTY TO THE GOVERNMENT - INDONESIAN ENERGY MINISTER
COALspot.com – “Every country has the right to make policies to protect their national interests”, Energy and Mineral Resources Mi ...


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