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Monday, 15 February 16
BALTIC INDEX MARGINALLY ROSE BY A POINT D-D; CAPESIZE INDEX DOWN 13 POINTS W-W; PANAMAX INDEX UP 29 POINTS W-W
PanamaxCOALspot.com: The freight markets continued to fall this past week.

The BDI, The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of global supply and demand for shipping of commodities, marginally rose by a point to 291 points on Friday from Thursday.

The Cape Index was down 6%  to 199 points while the Panamax index was up around 10% to 324 points. The Supramax index was down 7% to 243 points and the handy size index was decline 5% to 183 points.

Average daily earnings for Supramax, for the route Indonesia to India (delivery Indonesia) rated at around $ 3000-4000 per day this past week, while the Panamax vessels rated at around $ 3500 per day delivery South China / Hong kong range.

The freight rates are expected to be flat to weak this week.

The Cape average charter rates was reported at around US$1547 per day and Panamax’s was reported at around US$2361per day. The Supramax’s average charters rates were at around  $2736 per day and Handy size ships were at $2858 per day.

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$ 6500 per day, Supramax at US$ 6500 per day and Handy size at US$ 5500 per day.

The S8 route charter rates for Supramax down 5.31 percent week over week to $1781 per day on Friday 12 February 2016. Indonesia to India freight rates are expected to be weak next week.

The Brent crude oil prices was down by 2.05%  closing at $ 33.36 per barrel (as on 5 February 2016 was $ 34.06 per barrel). The bunker prices closed  at $ 154.50 pmt (IFO 380 cst ex Singapore on 12th Feb 2016).

Baltic Dry Index (BDI) - DOWN
Cape index (BCI) - DOWN
Panamax index (BPI) - UP
Supramax index (BSI) - DOWN
Handy index - DOWN
(as of week ended 12 Feb 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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