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Sunday, 24 January 16
PANAMAX MARKET WEAKENS ACROSS THE BOARD
PanamaxCOALspot.com: The Baltic Dry Index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertiliser, fell nineteen points, or 5.09 percent, to 354 points on 22 January 2016.

The Capesize index, however, rose 31 points, or 15.65 percent, to 226 points on Friday.

According to market, the Panamax index declined 31 points, or 12.33 percent, to 226 points on 22 January. The Supramax index down 36 points, or 9.14 percent, to 358 points while the handy size index down 12 points, or 4.89 percent, to 233 points week over week on 22 Janaury.

Average daily earnings for Supramax, for the route Indonesia to India (delivery Singapore) rated at around $ 4000-5000 per day this week, while the Panamax vessels rated at around $ 3000 per day delivery Shanghai.

Freight rates expected to be flat to steady next week.

The Panamax’s average charter rates were reported at around US$2672 per day. The Supramax’s average charters rates were at around  $3742 per day and Handy size ships were at $3439 per day.

In the meantime, the futures for three years (2016-2018) for the ships were reported slightly higher than the current spot rates the ship were earning.  The Cape size ships were at US$ 8000 per day, Panamax at US$ 7000 per day, Supramax at US$ 7000 per day and Handy size at US$ 6000 per day.

The S8 route charter rates for Supramax down 14.77 percent week over week to $3103 per day on Friday. Indonesia to India freight rates are expected to be flat to steady this week. 

The Brent crude oil price was closed at $32.18 per barrel up around 11.19 percent on 22 January 2016. The bunker prices were also up and closed  at $159.00 pmt (IFO 380 cst ex Singapore on 22 Jan 2016).

Baltic Dry Index (BDI) - DOWN
Cape index (BCI) - UP
Panamax index (BPI) - DOWN
Supramax index (BSI) - DOWN
Handy index - DOWN
(as of week ended 22 January 2016 (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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Saturday, 09 January 16
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Friday, 08 January 16
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Friday, 08 January 16
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COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11.7million short ...


Friday, 08 January 16
DRY BULK MARKET'S CRISIS DEEPENS AS RATES ARE DROPPING TO NEW RECORD LOWS BY THE DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
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