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Monday, 04 April 16
CAPE INDEX JUMPED 70% WEEK ON WEEK
PanamaxCOALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.

The freight market was steady and all segments were slightly up ending in positive note.

The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of global supply and demand for shipping of commodities up 10.84% week over week to 450 points on 1 April 2016. The index peaked at 11,793 in May 2008.

The Cape Index also rose 69.95% week over week or up 142 points. The BCI closed 345 points on 1 April 2016.

The Panamax index (BPI) was up 14.81% to 535 points while the Supramax index (BSI) was rose 0.63% to 476 points on 1 April 2016, compared to 473 points on 24 March 2016.

The handy size index was also up 1.49% to 272 points on 1 April 2016.

Average daily earnings for Supramax, for the route Indonesia to India (passing Singapore) rated at around $5500 – 6000 per day this past week, while the Panamax vessels rated at around $5000 per day delivery South China / Hong Kong range.

The freight rates are expected to be steady to firm this week.

The spot Cape’s average charter rates were reported at around US$ 3,013 per day and Panamax’s was reported at around US$ 4,275 per day. The Supramax’s average charters rates were at around  $ 4,981 per day and Handy size ships were at $ 4,031 per 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$ 7000 per day, Supramax at US$ 6000 per day and Handy size at US$ 6000 per day.

The S8 route for supramax firmed up and was up by 6.57 % week over week to $3844 per day on Friday 1 April 2016 (S8 as on 24 March 2016 $ 3607 per day). Freight rates from Indonesia to India is expected to be steady to firm this week.

The Brent crude oil prices was down 1.93 % week over week and closed at US$ 39.66 per barrel. The bunker prices steady this past week and closed at US$ 182.50 pmt (IFO 380 cst ex Singapore on 1 April 2016).

Baltic Dry Index (BDI) - UP
Cape index (BCI) - UP
Panamax index (BPI) - UP
Supramax index (BSI) - UP
Handy index - UP
(as of week ended 1 April 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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