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Saturday, 01 June 13
THE FREIGHT MARKET FOR S7 AND S8 SECTORS ARE EXPECTED TO BE SOFT - VISTAAR


COALspot.com – The freights are remains weak week ended 31 May 2013, as BDI fell 2.05 pct and closed at 809 points on 31 May 2013.

The Cape index slightly down by 1.04 pre cent closed at 1,336 points. The Panamax index was followed Cape index as it was soften further by 6.91 per cent. Panamax index closed at 795 points on Friday 31 May 2013.

The Supramax  was slightly up (1.63 percent ) closed at 871 points.

The iron ore demands are weak and the same trend were expected to be continued, which could affect the Cape size vessels.

However, the coal movements likely to be firm to India and China.

The average charter rates were at US$ 5,179 per day for Cape size, US$ 6,329 per day for Panamax , US$  9,104 per day for Supramax and US$ 7,906 per day. for handy size.

The futures for three years (2013-2015) were at around Cape/US$ 14,000 per day, Panamax/US$ 10,000 per day, Supramax/US$ 10,000 per day  and Handysize/US$ 9,000 per day.

The supramax index in the far east (S8 route) was up by 2.56 pct and closed at US$ 8275 per day (last week US$ 8,068 per day) .The route S7 was at same levels closing at US$ 7,875 per day (Last week US$ 7,875 per day).

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

The Brent crude oil prices was down by 2.19 pct closing at US$ 100.39 per barrel (last week US$ 102.64 per barrel). The bunker prices was at same levels and closed at US$ 599.00 pmt (IFO 380 cst ex Singapore on 31 May 2013).

Baltic Dry Index : Down
Cape index: Down
Panamax index : Down
Supramax index: Up
Handy index: Down
(as of 31 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

Tuesday, 04 June 13
NEWCASTLE PORT SHIPPED 2.56 MILLION TONS OF COAL IN A WEEK
COALspot.com - Newcastle port in Australia has loaded 2,563,596 tons of coal for week ended  0700 hours 3 June 2013, Newcastle Port Corp. said ...


Tuesday, 04 June 13
WOOD MACKENZIE SAYS THE CHINA'S THERMAL COAL DEMAND WILL REACH NEARLY 7BTPA BY 2030
COALspot.com - The Illusion of Peak Coal' says that despite efforts to limit coal consumption and seek alternative fuel options, China's strong ap ...


Saturday, 01 June 13
COAL PRICES STRUGGLE TO FIRM UP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have gained  0.18 percent  week on week and 0.03 percent ...


Friday, 31 May 13
US PRODUCED 18.5 MILLION SHORT TONS OF COAL W/E 25 MAY 2013
COALspot.com – United states the world’s second largest coal producer produced totalled approximately 18.50 million short tons (mmst) of ...


Thursday, 30 May 13
HANDY: RBCT ROUND WAS AROUND USD 9K + 300 BB - FEARNRESEARCH
Handy THE Atlantic market remained flat. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 12k. The Pacific market remained quiet with no ...


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