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Sunday, 23 March 14
THE COAL FREIGHT RATES SEEN SLIGHTLY FIRMING UP THIS WEEK - REDDY


COALspot.com: The freight market firmed up this week. BDI was up 8.26 pct week on week and index was closed at 1599 points. The Cape index was up 14.53 pct and closed at 3066 points. The Panamax index was a bit soft and was almost at same levels compared to last week closing while the supramax was slightly up by 2.20 pct closed at 1209 points. The Handysize index was almost at same levels or up just 0.45 pct and closed at 674 points.

In the Far East/SE Asia the charter rates on supramax continued to firm and most vessels were rating around $ 16,000 per day passing Singapore. Panamax rates was almost steady or firm compared to last week. Freight rates expected to be fairly steady next week starting from Monday 24 March 2014.

The average charter rates was at Cape/$ 24,835 per day , Panamax/$ 8,956 per day , Supramax/$ 12,643 per day and Handy size/$ 9,937 per day.

The futures for three years (2014-2016) was at around Cape/$ 25,000 per day, Panamax/$ 13,500 per day, Supramax/$ 13,500 per day , Handy size/$ 10,500 per day.

The S8 route continued to remain firm and was up this week by 8.03 pct closed at $ 13,738 per day (last week $ 13,539 per day ) with the freights rates from Indonesia to India being fairly firm.

The Brent crude oil prices was slightly down 1.52 pct and closed at $ 106.92 per barrel (last week $ 108.57 per barrel). The bunker prices was steady and closed at 597.50 pmt (IFO 380 cst ex Singapore on  21st March 2014).

Baltic Dry Index  - UP
Cape index - UP

Panamax index - DOWN
Supramax index - UP
Handy index: - UP

(as of week ended 21 March 2014 (week on week))

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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Recent News

Friday, 07 March 14
US PRODUCED 19.4 MMST OF COAL IN PAST 7 DAYS, SAYS EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.4 million short tons (mmst) of coal in ...


Thursday, 06 March 14
PANAMAX MARKET IS STRUGGLING IN BOTH HEMISPHERES - FEARNRESEARCH
Handy The Handy/Supra market experienced a rate increase in the Pacific. The activity itself is not too big, but spot tonnage is clearing up and ow ...


Wednesday, 05 March 14
THE BIG BULKERS HAVE IN FACT WITNESSED SIGNIFICANT IMPROVEMENTS IN BOTH BASINS
The BDI continues to  gain  back some of the lost ground,  although in  reality  there isn't a lot to  celebrate abou ...


Wednesday, 05 March 14
LEAVE IT TO CAPES TO CHANGE THE DIRECTION OF THE DRY BULK MARKET - INTERMODAL
Chartering (Wet: Stable- / Dry: Stable+) Leave it to Capes to change the direction of the Dry Bulk market. The big bulkers managed to drag the BDI ...


Tuesday, 04 March 14
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COALspot.com: In the week ended 3 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 3.15 m ...


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