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Sunday, 10 August 14
FREIGHT RATES FROM INDONESIA TO INDIA IS EXPECTED TO BE STEADY NEXT WEEK - VISTAAR

COALspot.com: This week the BDI and other segments saw some improvements. The BDI increased by 3.46 pct week on week and closed at 777 points.

Cape & Panamax Index
The cape index was closed slightly lower or lost just 0.85 percent and closed at 777 points on 8 August 2014. The Panamax index was increased 2.12 pct week on week and the index was closed at 624 while the supramax index was closed at 804 points after increase 10.44 percent.

The handy size index was slightly up or increased 1.68 pct and closed at 363 points.

In the Far East/SE Asia,  the coal shipment movements were still quite low and charter rates on supramax and panamax were under pressure. Freight rates are expected to be flat to soft next week.

Average charter rates
The reported average charter rate for Cape was at US$ 8,504 per day, Panamax at US$ 4,963 per day , Supramax at US$ 8,406 per day and Handy size was at US$ 5,408 per day.

3 years futures
According to market reports, the futures for three years (2015-2017) were noted at  US$ 19,000 per day for Cpae size vessels,  U$ 10,500 per day for Panamax size ships. Supramax was reported at US$ 10,500 per day  and Handysize wa at US$ 9,000 per day.

S8 route
The route S8 route for supramax slightly firmed up or up around 1.23 pct week on week and closed at US$ 6,558 per day (last week US$ 6,478 per day). Freight rates from Indonesia to India is expected to be steady next week.

Brent crude oil
The Brent crude oil prices was almost at same levels week on week or closed at US$ 105.02 per barrel on 8 August 2014 (last week the price of Brent oil was at US$ 104.84 per barrel). In the meantime, the bunker prices remained soft closed at US$  598.50 pmt (IFO 380 cst ex Singapore on 8th Aug 2014).

Baltic Dry Index  - UP
Cape index - DOWN
Panamax index - UP
Supramax index - UP
Handy index - UP
(as of week ended 8 August 2014 (week on week changes))


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 information provided by Vistaar Shipping Services (India) Private Ltd , India 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. 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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Recent News

Monday, 30 June 14
INDO - INDIA FREIGHT RATES CONTINUE TO WEAK
COALspot.com: The latest dry Index shows that average all-in spot freight declined, the Panamax and Supramax slipping by 9.11 percent and 4% respec ...


Friday, 27 June 14
DRY BULK MARKET STILL LOOKING FOR UPSIDE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept up its lacklustre performance during the past week, as evidenced by the course of the Baltic Dry Index (BDI). The BDI ...


Thursday, 26 June 14
PANAMAX : A PACIFIC ROUND PAYS AROUND US$ 3K DAILY - FEARNLEYS AS
Handy In the Atlantic there has been little activity which again has caused rates to slip across all trades. TA´s are now down to US$ 5,500 ...


Thursday, 26 June 14
KOMIPO INVITES BIDS FOR TOTAL 750K MT OF BITUMINOUS COAL FOR 3CY
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) has issued a new tender for supply of total 250,000 MT of bituminous co ...


Thursday, 26 June 14
COAL DIVESTMENT CAMPAIGNS COME WITH RISKY UNINTENDED CONSEQUENCES - WCA
Last week I presented to the Expert Group on investments in coal and petroleum companies, the body set up to advise the Norwegian Government on whe ...


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