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Sunday, 04 May 14
INDONESIA TO INDIA FREIGHT RATES ARE SHOWING POSITIVE TREND


COALspot.com: The freight market is seems to be some recovery as cape index has increased by 7.84 pct week on week. Cape index closed at 1829 points week ended 2 May 2014. The BDI was also up by 4.92 pct and closed at 1017 points for the same period. All other sectors Panamax , Supramax and Handysize were almost at same levels as last week.

In the Far East/SE Asia the charter rates on supramax continued to be soft and most vessels were rating around US$ 14,000 per day passing Singapore, but charterers were rating lower. Panamax rates was also continued to soft direction as owners rating around US$ 9,000 per day delivery South China.  However, freight rates are expected to be steady/firm next week.

The average charter rates was at Cape/US$ 11,744 per day , Panamax/US$ 6,950 per day , Supramax/US$ 9,568 per day and Handy size/US$ 7,584 per day.

The futures for three years (2014-2016) was at around Cape/US$ 23,000 per day, Panamax/US$ 12,500 per day, Supramax/US$ 12,500 per day , Handy size/US$ 10,000 per day.

The route S8 route was steady and was slightly up or up 1.40 pct week on week closed at US$ 9,725 per day (last week US$  9,591 per day ). Freight rates from Indonesia to India is expected to be firm.

The Brent crude oil prices was soft and closed at US$ 108.59 per barrel (last week US$ 109.58 per barrel). The bunker prices was also soft and closed at 586.00 pmt (IFO 380 cst ex Singapore on  2nd May 2014).

Baltic Dry Index  - UP
Cape index - UP
Panamax index - UP
Supramax index - UP

Handy index: - DOWN

(as of week ended 2 May 2014 (week on week))

Click here
for Vistaar Shipping Services (India) Private Ltd forecasts (subject to terms, conditions & Disclaimer clauses) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)

The freight forecasts and information provided by Vistaar Shipping Services (India) Private Ltd , India in this report (including suprmax & Panamax freight forecasts) is provided for information purposes only. No claim is made as to accuracy of the content in this report at any time. Vistaar Shipping Services (India) Private Ltd, 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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