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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

Thursday, 16 October 14
PANAMAX OWNERS RECEIVE A PREMIUM FOR GOING TO INDIA VIA INDONESIA - FEARNLEYS AS
Handy The Handy/Supra market continues to slide in both hemispheres, said Fearnleys AS in its latest week report. In the Atlantic we see rates co ...


Thursday, 16 October 14
ARE WE GOING TO SHOOT OURSELVES IN THE FOOT ONCE AGAIN? - PANOS MAKRINOS
As the East part of our globe was coming back from its October holidays last week, everyone expected that the Dry Bulk market would follow suit and ...


Wednesday, 15 October 14
PANAMAX: ACTIVITY IN THE PACIFIC WAS UNIMPRESSIVE
The Dry Bulk market noted another weekly decline last week, while the BDI moved below 1,000 points taking down with it expectations that a post hol ...


Wednesday, 15 October 14
INDONESIAN COAL PRICE REFERENCE FELL TO FRESH MULTI-YEAR LOWS IN OCTOBER
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in October 2014. ...


Wednesday, 15 October 14
DRY BULK SHIPPING: RATE IMPROVEMENTS ARRIVED AS FORECAST, BUT UNCERTAINTY MOUNTS FOR 2015 DEMAND - BIMCO
BIMCO released its latest short term assessment of the dry bulk market, estimating that over the October-November period, the level of Capesize TC ...


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