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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 a positive note , up by 1.19 pct closed at 1,352 points. The panamax index continued to  soften further, down by 3.90 percent closed at 764 points. The Supramax and handy size were up slightly closed at 889 points (up by 2.06 pct) and 524 points (up by 1.68 pct).

The iron ore demand was weak while the coal movement was steady to India and China.

The average charter rates was at Cape/US$ 5,494 per day , Panamax/US$ 6078 per day , Supramax/US$ 9,291 per day and Handysize/US$ 7,761 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 1.26 pct and closed at 8170 per day (last week US$ 8275 per day) .The route S7 was at same levels closed at US$ 7875 per day (Last week US$ 7875 per day) .  The freight market in this sector is expected to be continue  with the same trend for next week.

The Brent crude oil prices was down by 2.19 pct closing at US$ 104.56 per barrel (last week US$ 100.39 per barrel). The bunker prices was at same levels and closed at US$ 601.50 pmt (IFO 380 cst ex Singapore on 7th June 2013).

Baltic Dry Index : Up
Cape index: Up
Panamax index : Down
Supramax index: Up
Handy index: Up
(as of 7 June 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

Friday, 14 June 13
U.S. COAL PRODUCTION TOTALED APPROXIMATELY 18.20 MILLION SHORT TONS W/E 8 JUNE 2013
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.20 million short tons (mmst) of ...


Thursday, 13 June 13
HANDY: SHORT PERIOD WERE FIXED AT AROUND USD 9000 LEVEL
Handy Despite falling rates for bigger sizes, the Supras in Atlantic are seeing some improvements with fresh biz. US Gulf positions fetching tick a ...


Thursday, 13 June 13
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Thursday, 13 June 13
RIO TINTO AGREES SALE OF EAGLE PROJECT FOR AN ESTIMATED US$325 MILLION IN CASH
COALspot.com - Rio Tinto has reached a binding agreement to sell its Eagle project to Lundin Mining Corporation for an estimated US$325 million in c ...


Thursday, 13 June 13
HARD COAL IMPORTS RISE SHARPLY IN GERMANY IN Q1 2013 - COAL IMPORTERS ASSOCIATION
Coal-fired Power Plants in Germany: Pillars of the Grid and the Energy Turnaround; Hard Coal Consumption and Hard Coal Imports Rise Sharply in Germa ...


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