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Monday, 29 February 16
BALTIC INDEX INCHES UP THIS PAST WEEK AS SMALLER VESSELS LEND SUPPORT
PanamaxCOALspot.com: The freight markets rose slightly this past week.

The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of global supply and demand for shipping of commodities up 3.81% week over week to 327 points on 26 February 2016. The index peaked at 11,793 in May 2008.

The Cape Index fell 14.5% week over week or down only 30 points. The BCI closed 177 points on 26 February 2016.

The Panamax index (BPI) was down 0.85% to 352 points while the Supramax index (BSI) was rose 16.43% to 333 points, compared to 286 points on 19 February 2016.

The handy size index was also up 7.07% to 212 points on 26 February 2016.

Average daily earnings for Supramax, for the route Indonesia to India (passing Singapore) rated at around $ 4500 per day this past week, while the Panamax vessels rated at around $ 3500 - 4000 per day delivery South China / Hong Kong range.

The freight rates are expected to be steady this week.

The Cape average charter rates were reported at around US$2,396 per day and Panamax’s was reported at around US$2,823 per day. The Supramax’s average charters rates were at around  $3,481per day and Handy size ships were at $3,146per day.

The futures for three years (2016-2018) for the ships were reported higher than the current spot rates the ship were earning.  The Cape size ships were at US$ 8000 per day, Panamax at US$ 6000 per day, Supramax at US$ 6000 per day and Handy size at US$ 5000 per day.

The S8 route charter rates for Supramax up 12.68 percent week over week to $2,532 per day on Friday 26 February 2016. Indonesia to India freight rates are expected to be firm / steady this week.

The Brent crude oil prices was up 6.33% closing at $ 35.10 per barrel (as on 26 Feb 2016 was $ 33.01 per barrel). The bunker prices were  almost at same levels closing at $153.50 pmt (IFO 380 cst ex Singapore on 26th Feb 2016).


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Thursday, 10 March 16
IT FEELS SAFE TO SAY THAT THE MARKET IS SLOWLY AND PAINFULLY REGAINING ITS BALANCE
With the BDI marking its third consecutive positive weekly closing, it feels safe to say that the market is regaining its balance; slowly and painf ...


Wednesday, 09 March 16
U.S. COAL EXPORTS DECLINED 24% (74 MMST) IN 2015; COAL PRODUCTION IS EXPECTED TO DECREASE BY 111 MMST IN 2016 - EIA
U.S. Coal Supply EIA estimates that U.S. coal production for February 2016 was 54 million short tons (MMst), a 4 MMst (7%) decrease from the prev ...


Wednesday, 09 March 16
RI MAY HAVE TO IMPORT COAL FOR FUTURE POWER PLANTS: STUDY - THE JAKARTA POST
With coal prices continuing to decline, Indonesia will struggle to provide the coal needed to fire up its power stations in the near future, a stud ...


Tuesday, 08 March 16
INDONESIA HIKES COAL BENCHMARK PRICE FOR THE FIRST TIME IN 12 MONTHS
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price further deep in February 2016, but up slightly in Mar ...


Tuesday, 08 March 16
THE DRY CARGO MARKET ENDURED ONE OF ITS MOST DIFFICULT YEARS IN 2015, EXPERIENCING LOWS NOT SEEN SINCE THE MID 1980S - CLARKSONS
Whilst shipping and offshore markets have seen some good opportunities during 2015, overall there have been unprecedented challenges, so we are ver ...


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