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Sunday, 15 June 14
COAL FREIGHT RATES FALL FURTHER ON LACK OF DEMANDS - CAPT. REDDY

COALspot.com: The BDI softened this week as all segments fell this week. The Panamax sector being most affected. The Cape index was down 3.51 pct week on week and closed at 1730 points. The Panamax index was lost almost 20 points and closed at 582 points while the Supramax index was down 6.73 pc closed at 748 points for the same period. The Handysize index lost 4.57 pct and closed at 459 points.

In the Far East/SE Asia, the charter rates for supramax was soft and Supramaxes were reported fixed at around US$ 11,000 per day delivery Indonesia for a trip to India. Panamax rates were also weak this week with charter rates around US$ 6,000 for a trip to India. Freight rates expected to be flat to weak next week too.

The average charter rate was at Cape/US$ 13,050 per day , Panamax/US$ 4,670 per day , Supramax/US$ 7,822 per day and Handy size/US$ 6,833 per day.

The futures for three years (2015-2017) was at around Cape/US$ 20,000 per day, Panamax/US$ 11,000 per day, Supramax/US$ 11,000 per day , Handysize/US$ 10,000 per day.

The route S8 route continued to soften and was down by 12.01 pct closing at US$ 7,072 per day (last week US$ 8,038 per day). Freight rates from Indonesia to India is expected to be flat to soft.

The Brent crude oil prices firmed up due to Iraq unrest and was up by 4.24 pct closing at 113.41per barrel (last week US$ 108.79 per barrel). The bunker prices also  firmed and closed at US$ 614.00 pmt (IFO 380 cst ex Singapore on 13th June 2014).

Baltic Dry Index  - DOWN
Cape index - DOWN
Panamax index - DOWN
Supramax index - DOWN
Handy index: - DOWN
(as of week ended 13 June 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)



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Recent News

Wednesday, 02 July 14
THE PANAMAX MARKET CONTINUED TO BLEED FOR ANOTHER WEEK - INTERMODAL
COALspot.com: The Dry Bulk market succumbed to mounting pressure this past week, while the Capesize market proved unable to “save the day&rdq ...


Wednesday, 02 July 14
HANDY BULKERS PROVE TO BE THE MOST SOUGHT AFTER VESSELS OVER THE PAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The Handy dry bulker proved to be the most sought after ship by ship owners active in the second hand market, which saw a slight decline in terms o ...


Wednesday, 02 July 14
SHIPPING: MARKET INSIGHT - GEORGE DERMATIS
After 6 months, 57 ministerial meetings and 67 political agreements, the journey of the Greek Presidency in the EU reached its end yesterday; only ...


Tuesday, 01 July 14
INDIAN POWER PLANT COAL STOCKPILES VERY LOW
COALspot.com: According to today's Weekly Dry Bulk Report published by Commodore Research, Indian power plant coal stockpiles have now fallen t ...


Monday, 30 June 14
SUB-BIT FOB INDONESIA COAL PRICES ARE STILL STRUGGLING TO RECOVER
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on week and on month according to AsiaClear OTC coal swap's reports release ...


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