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Saturday, 04 May 13
INDONESIA TO INDIA PANAMAX FREIGHT : FLAT TO SOFT - CAPT. REDDY


COALspot.com - The demand for iron ore picked up  and its pushed up the cape size index by 7.86 pct. Cape index closed at 1,344 points. The BDI closed slightly higher at 878 points (up by 0.80 pct). However the Panamax index was down by 7 pct closing at 1,006 points , while the supramax index was down by 2.66 pct closing at 876 points. Handy size index was almost at same levels closing at 546 points.

The charter rates for Indonesia to India for Panamax and Supramax was flat to soft. The average charter rate for cape size ships was around US$ 5,694 per day , Panamax / US$ 8037 per day , Supramax / US$ 9161 per day and Handysize / US$ 8043 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  and Handy size / US$ 9,000 per day.

The supramax index in the far east (S8 route) was down by 2.61 pct and closed at 8658 per day (last week US$ 8,890 per day) .The route S7 was at same levels and closed at US$ 7,875 per day (Last week it was at US$ 7,875 per day) . 

The freight market in S7 & S8 routes are expected to be steady/firm next week.

The Brent crude oil prices was up by 1.00 pct closing at US$ 104.19 per barrel (last week US$ 103.16 per barrel). The bunker prices was also lower closing at same levels and closed at US$ 611.50 pmt (IFO 380 cst ex Singapore on 3rd May 2013).

Baltic Dry Index : Up
Cape index: Up
Panamax index : Down
Supramax index: Down
( as of 3 May 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
MEDITERRANEAN COAL MARKETS
Press Release: 3rd International Conference Mediterranean Coal Markets will be held on 16-17th of September 2013, Istanbul, Turkey, Ceylan Intercont ...


Friday, 07 June 13
US'S COAL PRODUCTION INCREASED BY 0.54 PER CENT THE WEEK ENDED JUNE 1
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.60 million short tons (mmst) of ...


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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