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Monday, 16 October 17
INDONESIA TO INDIA COAL FREIGHT RATES STAY FIRM
PanamaxCOALspot.com: The daily average earnings for Supramax, for the route Indonesia to India passing through Singapore has stayed firm, week over week, owners were rating at around US$ 14000 - 15000 per day,  while the Panamax vessels were rated at around $ 14000 per day delivery Shanghai area, says Vistaar Shipping Services India.

The freight market was rose in all segments except Cape segment week over week. The Panamax have supported to pushed up BDI this past week. The BDI and BPI indexes show a positive trend week over week.

The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week and ending on a positive note week over week. The BDI was up by 5.69% from the last week and Panamax Index was up 14.22% or increased 200 points in a week.

The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of global supply and demand for shipping of commodities was reported an increase of  5.69% week over week and ended at 1485 points on 13 October 2017. The index peaked at 11,793 points in May 2008.

The Cape Index was down by 1.98% week over week. The BCI decreased 58 points to 2871 on 13 October 2017.

The Supramax index (BSI) was up 10.09%  this past week to 1069 points on 13 October 2017, compared to 971 points a week ago. The handy size index was slightly down, and the index was closed at 609 points decreased 0.16% week over week.

Vistaar noted in its report that the futures for three years (2017-2020) for the ships were reported slightly higher than the current spot rates that ships were earning. The Cape-size ships were at US$ 16000 per day, the Panamax at US$ 10,000 per day, Supramax at US$ 10,500 per day and Handy size at US$ 8500 per day.

According to Vistaar, the freight rates are expected to be steady to firm this week.

The Brent crude oil price was closed at $56.25 per barrel 1.13% higher than the same period last week.

The bunker prices were closed at $340 pmt (IFO 380 CST ex. Singapore on 12 October 2017). IFO 380 Prices up 0.59% week over week, up 2.10% month over month and up 18.26% year on year.

Baltic Dry Index (BDI) - UP
Cape index (BCI) -  DOWN
Panamax index (BPI) - UP
Supramax index (BSI) - UP
Handy index - DOWN  
(as of week ended  13 October 2017 (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)
 
Disclaimer:
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 the 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 or services that may appear in this report.


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