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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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Monday, 06 May 13
INDONESIAN COAL PRICE REFERENCE FALLS CONTINUE
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Sunday, 05 May 13
SUB-BIT FOB INDONESIA COAL - MIXED TREND; API 8 CFR SOUTH CHINA COAL - POSITIVE TREND
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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 ...


Friday, 03 May 13
US PRODUCED 17.9 MILLION SHORT TONS (MMST) OF COAL IN A WEEK
COALspot.com - U.S. produced totaled approximately 17.9 million short tons (mmst) in a week (For the week ended April 27, 2013), EIA said in its lat ...


Friday, 03 May 13
SHIP OWNERS ARE INVESTING HEAVILY IN DRY BULK CARRIER NEWBUILDINGS ONCE MORE: IS THERE ANY RATIONALE? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market remains heavily oversupplied and just as the orderbook of newbuildings had began to shrink, it seems that sh ...


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