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Sunday, 31 January 16
BDI CONTINUED ITS FALL AND CLOSE AT A FRESH RECORD LOW ON FRIDAY
PanamaxCOALspot.com: The Baltic Dry Index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertilizer, continued its fall to close at a fresh record low on Friday or fell 37 points, or 10.45 percent, to 317 points.

The Capesize index also decline 18 points, or 7.86 percent, to 211 points on Friday.

According to the market, the Panamax index declined 47 points, or 14.07 percent, to 287 points on 29 January. The Supramax index down 54 points, or 15.08 percent, to 304 points while the handy size index down 14 points, or 6 percent, to 219 points week over week on 29 January.

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

Freight rates are expected to be flat to weak 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 22.69 percent week over week to $2434 per day on Friday. Indonesia to India freight rates are expected to be flat to weak next week. 

Baltic Dry Index (BDI) - DOWN
Cape index (BCI) - DOWN
Panamax index (BPI) - DOWN
Supramax index (BSI) - DOWN
Handy index - DOWN
(as of week ended 29 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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