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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

Saturday, 27 April 13
HANDY : SLIDING ; PANAMAX : POSITIVE ; CAPESIZE : STILL ON ITS KNEES - FEARNRESEARCH
Handy The Atlantic markets started sliding with no fresh cargoes seen in the market. The USG-Feast was at USD 18k and Black sea-Feast was at USD 11 ...


Saturday, 27 April 13
2ND CHINA INTERNATIONAL SHALE GAS SUMMIT
Press Release - 2nd China International Shale Gas Summit, 10-13 September 2013 | Chengdu, China *The largest annual event for the shale gas indus ...


Friday, 26 April 13
LIMA SUMMIT IN JULY TO HIGHLIGHT LATIN AMERICAN MINING POTENTIAL
COALspot.com - Latin American mining industry officials and their private sector counterparts will be gathering in Lima, Peru on July 1-2 for the La ...


Wednesday, 24 April 13
FUTURE US POWER MARKET SHARES OF COAL, NATURAL GAS GENERATORS DEPEND ON RELATIVE FUEL PRICES - EIA
COALspot.com - In recent years, in US, natural gas competed more effectively with coal as a fuel for electricity generation as the cost of operating ...


Tuesday, 23 April 13
INDONESIAN STATE OWNED COAL MINER SHIPPED 4 PERCENT MORE COAL IN 1Q
COALspot.com - PT. Bukit Asam, the Indonesian state owned coal miner shipped more coal in first quarter of this year compared to the same period in ...


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