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Sunday, 21 April 13
INDONESIA - INDIA COAL FREIGHT RATES ARE FIRMING UP - CAPT. REDDY


COALspot.com – The BDI was up by 1.40 pct closed at 888 points week ended 19 April 2013. The Cape index was down by 2.45 pct closing at 1234 point and Panamax index saw the biggest gain by jumped  7.55 pct closed at 1196 points. The supramax closed at same levels as last week closing at 902 points and the handy size was up by 2.47 points closing at 539 points.

The charter rates from Indonesia to India firmed up and also the Panamax vessels from South Africa to India was also firm keeping the charter rates buoyant. The average charter rates was at Cape/US$ 4329 per day , Panamax / US$ 9557 per day , Supramax / US$ 9432 per day and Handysize / US$ 7999 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 , Handysize / US$ 9,000 per day.

The supramax index in the far east (S8 route) was up by 2.92 pct and closed at US$ 8,594 per day (last week US$ 8,350 per day) .The route S7 was at same levels closed at US$ 7,875 per day (Last week US$ 7,875 per day) .  The freight market in this sector is expected to be steady/firm this week.

The Brent crude oil prices was down by 3.35 pct closed at US$ 99.65 per barrel (last week US$ 103.11 per barrel). The bunker prices was also lower closing at same levels and closed at US$ 602.00 pmt (IFO 380 cst ex Singapore on 19th April 2013).

Baltic Dry Index : Up
Cape index: Down
Panamax index : Up
Supramax index: Flat
( as of 19 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

Saturday, 27 July 13
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO REMAIN STEADY - CAPT.REDDY
COALspot.com : The freight market seemed to soften this week with BDI , Cape and Panamax indices dropped average 5 percent on week. The BDI was d ...


Thursday, 25 July 13
CAPESIZE : PACIFIC AND ATLANTIC RATES ARE HOLDING STEADY - FEARNLEYS AS
Handy The Far East market remains quiet even if some Indo coal trip orders were fed in the market at early this week. Prompt ships passing Singapor ...


Thursday, 25 July 13
SUMMER LULL CHIPPING AWAY RECENT GAINS IN DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In what seems to be establishing as a permanent trend, at least for the time being, the dry bulk market kept on retreating yesterday, even if this r ...


Tuesday, 23 July 13
NEWCASTLE'S COAL EXPORTS CLIMB 17.82% ON WEEK, PORT'S DATA SHOWS
COALspot.com: Newcastle port in Australia has loaded 3,369,865 tons of coal for the week ended  0700 hours 22 July 2013, Newcastle Port Corp. s ...


Monday, 22 July 13
DRY BULK MARKET DIFFICULT TO MAINTAIN POSITIVE DRIVE CLAIMS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has seen a significant recovery in recent weeks, leading most ship classes to earnings above their operating expenses, thus brin ...


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