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Sunday, 25 August 13
THE FREIGHT MARKET S7 & S8 SECTOR IS EXPECTED TO BE STEADY/FIRM NEXT WEEK - VISTAAR


COALspot.com - The freight market continued to be firm with all indices moved positive except for Panamax which was slightly down (2 pct down).

The BDI was increased by 5.72 pct week ended 23 August 2013, and closed at 1,102 points. The cape index was continued the upward trend and jumped 9.47 on Friday, closed at 2,312 points. The Panamax closed slightly lower or fell  2.17 pct and closed at 923 points. The supramax and handymax indices were slightly up closed at 916 points (up 1.20 points) and 517 points (up 2.13 points) respectively week on week.

The iron ore demand keeps the cape sector in positive trend for last few week and seems to be the iron ore imports by China will be strong for the rest of the year. The futures for all sectors are showing a firm trend.

The Panamax freight expected to be steady to soft this week in the SE Asia region. The Supramax freight rates from Indonesia to India continued to be soft. However the sectors is expected to be slight firm next week.

The average charter rates were at Cape/US$ 16533 per day , Panamax/ US$  7207 per day , Supramax/ US$  9686 per day and Handy size/ US$  7647 per day.

The futures for three years (2013-2015) was at around Cape/ US$ 17500 per day, Panamax/ US$ 10000 per day, Supramax/ US$ 10000 per day , Handysize/ US$ 9000 per day.

The supramax index in the far east (S8 route) was up by 3.33 pct and closed at US$ 7948 per day(last week it was closed at US$ 7692 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 fairly steady/firm next week.

The Brent crude oil prices was almost at same levels and closed at US$ 110.04 per barrel (last week US$ 110.40 per barrel). The bunker prices were also at same levels and closed at US$ 605.50 pmt (IFO 380 cst ex Singapore on 23rd August 2013).

Baltic Dry Index  - UP
Cape index - UP
Panamax index - DOWN
Supramax index - UP
Handy index: - UP
(as of week ended 23 August 2013 (W-O-W))  

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

Wednesday, 18 September 13
DRY BULK MARKET CONTINUED TO ADVANCE - INTERMODAL
Chartering (Wet: Stable- / Dry: Firm+ ) The Dry Bulk market continued to advance at a very fast pace, with the BDI closing off the week north ...


Tuesday, 17 September 13
BUMA PRODUCED 3.57 PERCENT MORE COAL IN AUGUST
COALspot.com: BUMA has removed totaled 25.20 million bcm of overburden to produce 2.90 million tons coal in August 2013. BUMI produced 3.07 percent ...


Tuesday, 17 September 13
NEWCASTLE PORT SHIPPED ABOUT 27 PERCENT MORE COAL WEEK ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 27.26 per cent week on week to 3.01 million mt for ...


Tuesday, 17 September 13
TAIPOWER INVITES BIDS FOR SUPPLY OF SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 1.050 million tons of sub-bituminous coal for Taipower thermal power plant through open tende ...


Tuesday, 17 September 13
ORPHEUS SECURES SIGNIFICANT INFRASTRUCTURE DEAL THROUGH ACQUISITION OF SOUTH KALIMANTAN PORT CAPACITY
COALspot.com : Orpheus Energy Limited (ASX: OEG) of Australia has today announced that, it has executed a binding agreement with the proprietor of S ...


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