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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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Recent News

Monday, 07 March 16
INDONESIAN 5700 GAR COAL INDEX DECLINE $0.05 A TON WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.28 percent week over week to averaging $38.66 per ton on this past Friday, ...


Monday, 07 March 16
FREIGHT MARKET MOVING POSITIVE; ALL SEGMENTS EXCEPT CAPE SHOWING A FIRM TREND
COALspot.com: The freight market was steady this past week and showing a firm trend for all segments except for Cape index. The Baltic Dry Ind ...


Friday, 04 March 16
GLOBAL ECONOMY'S JITTERS ARE SLOWING DOWN SHIPPING EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The global economy’s shaky condition to say the least is now hampering growth and as a result demand for shipping is slowing down, something ...


Friday, 04 March 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALED 109.3 MMST; 30.2% LOWER THAN THE COMPARABLE YEAR-TO-DATE COAL PRODUCTION IN 2015 - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.1 million shor ...


Thursday, 03 March 16
INDIA'S BUDGET NOT ENOUGH TO BOOST STEELMAKERS' PROFITABILITY - FITCH RATINGS
COALspot.com: Fitch Ratings says that increase in proposed infrastructure spending in India's latest government budget is unlikely to provide a ...


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