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Sunday, 09 August 15
THE PANAMAX MARKET HAS REMAINED WEAK THIS WEEK
Panamax COALspot.com: The freight market continued to be buoyant with cape index pushing the BDI.

The BDI was up 10.49% and closed at 1200 points on 7 August 2015. The Cape Index was up 32.48% closing at 2512 points. The panamax market has remained weak this week and index fell 10.20% closing at 1021 points this Friday.

The supramax index and handy size index were slightly up to 904 points (up 0.55%) and 438 points (up by 2.33%) respectively.

The Iron ore imports into China continues to be strong pushing cape size charter rates above $18000 per day. Rates for Capesize bulk carriers could continue to firm coming few weeks.

The supramax charter rates for Indonesia to India were rating around $8500-9000 per day passing Singapore. Panamax vessels were rating around $6000 per day delivery Shanghai.

Next week’s freight rates are expected to be steady compared to this week.

The Cape average charter rate was at $18250 per day, Panamax was $8127 per day, Supramax $9457 per day and Handy size $6444 per day.

The futures for three years (2015-2018) were at around $ 15000 per day for Cape, $ 8500 per day for Panamax, $ 8500 per day for Supramax and $7000 per day for Handysize.

The S8 route for supramax was down 1.46 pct closed at $6956 per day (last week $7059 per day). Freight rates from Indonesia to India is expected to be steady.

The Brent crude oil prices was soft and down by 6.90 pct closing at $ 48.61 per barrel week  over week (last week $ 52.21 per barrel). The bunker prices was soft and closed at $264.00 pmt (IFO 380 CST ex.Singapore on 7th July 2015).

Baltic Dry Index (BDI) - UP
Cape index (BCI) - UP
Panamax index (BPI) - DOWN
Supramax index (BSI) - UP
Handy index - UP
(as of week ended 7 August 2015 (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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