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Sunday, 12 October 14
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE WEAK - VISTAAR

COALspot.com: This week all the segments softened. The BDI down 7.13 pct week on week and closed below 1000 points at 963 points.

The Cape index also continued to soften and fell 12.17 pct within a week and closed at 1544 points while the panamax index lost 2.48 pct for the same period and closed at 865 points. The Supramax index also lost 5.64 pct, closed at 970 points and the handy size index was down by 2.64 pct, closed at 516 points.

In the Far East/SE Asia the freight rates were soft and the reported supramax charter rates were showing at around US$ 11,000 -11,500 per day delivery Singapore. Panamax charter were also soft this week. Freight rates are expected to be soft next week.

The average charter rate was at US$ 9102 per day for Cape size, US$ 6924 per day for Panamax, US$ 10147 per day for Supramax and US$ 7547 per day for Handy size.

The futures for three years (2015-2017) was reported at around US$ 16500 per day for cape, US$ 9500 per day for Panamax, US$ 10500 per day for Supramax and  US$ 9000 per day for Handy size.

The route S8 route for supramax was soft or lost 3.24 pct to US$ 7,878 per day (last week US$ 8,142 per day). Freight rates from Indonesia to India is expected to be weak next week.

The Brent crude oil prices was soft and was down by 2.27 pct closing at US$ 90.21 per barrel (last week US$ 92.31 per barrel). The bunker prices softened closing at US$ 513.00 pmt (IFO 380 cst ex Singapore on 10th Oct 2014).

Baltic Dry Index  - DOWN
Cape index - DOWN
Panamax index - DOWN
Supramax index - DOWN
Handy index - DOWN
(as of week ended 10 October 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

Sunday, 19 October 14
LOW DEMAND PUSHES DOWN COAL FREIGHT RATES; VOLATILITY CONTINUES
COALspot.com: This week all the segments softened including BDI except for Panamax index. The BDI was down by1.70 pct and clsoed at 944 points ...


Friday, 17 October 14
INTERNATIONAL COAL PRICES ARE AT LOWEST LEVEL; COAL STOCKS AT INDIAN POWER PLANTS ARE ALSO AT LOWEST LEVEL
International coal prices as well as coal freights are falling and reaching to its lowest levels. According to PTI, fuel stockpiles at the thermal ...


Friday, 17 October 14
U.S. COAL PRODUCTION UP BY 3.6% WEEK - ON - WEEK
COALspot.com – United States the world's one of largest coal producers, produced approximately 19.20 million short tons (mmst) of coal in ...


Friday, 17 October 14
DRY BULK SHIPPING'S OUTLOOK NOW SHIFTING TO A LESS PROMISING ONE, SHIP PRICES EXPECTED TO FOLLOW SOON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
China’s and other Asian countries’ return to the dry bulk market last week, didn’t trigger the hoped support towards the dry bulk ...


Thursday, 16 October 14
KOREA MIDLAND POWER TO BUY 490K MT OF LCV COAL FOR 1Q 2015
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 490,000 Metric Tons (MT) of LCV (Sub) Bitumino ...


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