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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

Wednesday, 17 February 16
THE OWNERS FACING HISTORICAL LOW DRY BULK RATES; COAL IMPORTS TO CHINA IS STILL POINTING TO A STRONG TREND OF DECLINING CONSUMPTION
The sharp fall in dry bulk rates that has been taking place since the end of last year and has left owners facing historical low rates for a substa ...


Monday, 15 February 16
CALL THE DOCTOR! SHIPPING'S MEDICAL DRAMA UNFOLDS......- CLARKSONS
The recycling market has started 2016 with a bang, with a huge volume of tonnage heading to demolition facilities. Many of the key shipping markets ...


Monday, 15 February 16
CS 42 COAL INDEX ROSE 0.07% WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.15 percent week over week to averaging $38.96 per ton on this past Friday, ...


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
COALspot.com: The freight markets continued to fall this past week. The BDI, The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measu ...


Friday, 12 February 16
DRY BULK MARKET'S FORTUNES STILL TIED WITH CHINA'S ECONOMY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The inevitable slowdown of the Chinese economy was expected to hurt dry bulk shipping, but few expected the blow to be this hard, especially given ...


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