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Saturday, 19 October 13
NICKEL ORE SHIPMENTS KEEP SUPRAMAX CHARTER RATES STEADY - CAPT. REDDY


COALspot.com : The futures freight market continued to go down which was reflected in the physical markets as well.

The BDI continued to be soft and was down by 84 points week ended 18 October and closed at 1901 points. The cape size index followed BDI index and fell by 263 points (closed at 3,264 points). The Panamax index however maintained it levels or slightly up  on Friday closing. Panamax index up 36 points and closed at 2,060 points. The Supramax and handy size index ended positive closed at 1213 points (up by 31 points) and 634 points (up by 2 points) respectively.

The Panamax charter rates were slightly soft and ships opening Far east were being fixed around US$ 15,000-16,000 per day for single trips.

The Supramax charter rates were also slightly soft and owners were asking around US$ 11,500 per day delivery Shanghai area. There is still good demand for Nickel Ore Shipments and is keeping the Supramax charter rates steady. Short period rates for Supramax was down to around $ 12000-12500 per day.

The futures was weak in all segment and the effect could follow soon on the physical market. Next week the freight rates are expected to be fairly steady.

The average charter rates was at Cape/$ 28,868 per day , Panamax/$ 16,486 per day , Supramax/$ 12,678 per day and Handy size/$ 8,990 per day.

The futures for three years (2014-2016) was at around Cape/$ 18,000 per day, Panamax/$ 11,500 per day, Supramax/$ 10,500 per day , Handy size/$ 9,000 per day.

The supramax index in the feast (S8 route) was up by 0.41 pct and closed at $12,160 per day (last week it was at $ 12,110 per day).

The route S7 was at same levels closing at $ 7875 per day (Last week $ 7875 per day) .  The freight market in this sector is expected to be steady to firm next week.

The Brent crude oil prices was slightly up by 1.20 and closed at $ 109.94 per barrel (last week $ 111.28 per barrel). The bunker prices was up and closed at 615.50 pmt (IFO 380 cst ex Singapore on 17th Oct 2013).

Baltic Dry Index  - DOWN
Cape index - DOWN
Panamax index - UP
Supramax index - UP
Handy index: - UP
(as of week ended 18 October 2013 (W-O-W)) 

Click here for Solym Singapore's forecasts (terms & conditions apply) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)

The information provided by SOLYM Carriers Pte Ltd, Singapore in this report is provided for information purposes only. No claim is made as to accuracy of the content in this report at any time. Solym Carriers Pte Ltd, Singapore and their Group companies or Subsidiaries do not accept any liability to any person or Company for the information provided in this report. No responsibility is taken for any information of services that may appear in this report.



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