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Saturday, 16 November 13
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES FIRM DUE TO STRONG COAL ACTIVITIES


COALspot.com: The Cape and Panamax index was down this week and pulling down the BDI  by about 5 pct. BDI was closed at 1507 points on Friday 15 November 2013.

The Cape index was down by 5.45 pct closing at 2377 points and the Panamax index also continued to drop this week. Panamax index fell 9.97 pct and closed at 1409 pct. The Supramax index has been holding firm for last several weeks and remained firm with the index up by 2.96 pct week ended 15 November 2013. The handy size also was up by 1.86 pct and closed at 703 points.

The Supramax charter rates has been quite firm in the far east/SE Asia and the freight rates remained firm to India. Owners are getting a premium for WC India trip. The demand for Bauxite and nickel ore shipments from Indonesia remained firm which could be one of the factors to keep the Supramax charter rates firm in this region.

Ships from EC India were being fixed around $ 12,000 for trip via Indonesia to China. The charter rates expected to remain firm next week also. The panamax charter rates were soft in far east/SE Asia region and expected to remain soft coming days. The coal shipments to India was steady. The iron ore demand also remained fairly steady. The iron ore exports from WC India could begin and the market could be firm PG/WC India region in the coming weeks.

The average charter rates was at Cape/$ 17809 per day , Panamax/$ 11255 per day , Supramax/$ 14162 per day and Handy size/$ 9900 per day.

The futures for three years (2014-2016) was at around Cape/$ 17,000 per day, Panamax/$ 10,500 per day, Supramax/$ 10,500 per day , Handy size/$ 9,000 per day.

The supramax index in the far east (S8 route) was up by 5.25 pct and closed at $ 13,980 per day (last week $ 13,283 per day) and charter rates was firm. The route S7 was at same levels closing at $ 7,875 per day (Last week $ 7,875 per day) .  The freight market in this sector is expected to be firm next week.

The Brent crude oil prices was soft and was down by 4.87 pct and closed at $ 108.50 per barrel (last week $ 103.46 per barrel). The bunker prices was soft and closed at 601.50 pmt (IFO 380 cst ex Singapore on 15th Nov 2013).

Baltic Dry Index  - DOWN
Cape index - DOWN
Panamax index - DOWN
Supramax index - UP
Handy index: - UP
(as of week ended 15 November 2013 (W-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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