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Monday, 29 January 18
BALTIC INDEX GAINS ON STRONGER BIG VESSEL ACTIVITY
PanamaxCOALspot.com: 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 8.35 per cent from the last week and Panamax Index was up 11.93 per cent or increased 159 points in a week.

The Cape Index was up by 18.69 per cent week over week. The BCI increased 279 points week over week to 1772 on 26 January 2018.

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 8.35% week over week and ended at 1219 points on 26 January 2018. The index peaked at 11,793 points in May 2008.

The daily average earnings for Supramax, for the route Indonesia to India passing through Singapore has stayed steady, week over week, owners were rating at around US$ 8,000 -  8,500 per day, while the Panamax vessels were rated at around $ 12,000 per day delivery Shanghai area, says Vistaar Shipping Services India.

The freight market was continued firm in all segments week over week.

According to Vistaar, the futures for three years (2018-2020), the Cape-size ships were at US$ 17500 per day, the Panamax at US$ 10,500 per day, Supramax at US$ 10,500 per day and Handy size at US$ 8700 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 $70.52 per barrel 2.78% higher than the same period last week.

According to ship & bunker, the bunker prices were closed at $ 400 pmt (IFO 380 CST ex. Singapore on 26 January 2018). IFO 380 Prices up 1.65 per cent week over week, up 4.03% month over month and up 21.02% year on year.

Baltic Dry Index (BDI) - UP
Cape index (BCI) -  UP
Panamax index (BPI) - UP
Supramax index (BSI) - DOWN
Handy index - DOWN  
(as of week ended 26 January 2018 (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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Recent News

Thursday, 11 January 18
SUPRAMAX: INDO TO CHINA COAL ROUNDS FIXING AT AROUND $10K - FEARNLEYS
Supramax USG rates improved both for backhaul and fronthaul, Ultras from USG to Japan receiving around $26k daily while supras 1-2k less for same ...


Wednesday, 10 January 18
2018: IT IS PROJECTED, THE SHIPBUILDERS WILL DELIVER FOUR HUNDRED FORTY NEW VESSELS IN 2018
Headlines from IMF's 2017 – World Economic Outlook: January 2017 - “After a lacklustre outturn in 2016, economic activity is p ...


Tuesday, 09 January 18
INDONESIAN GOVERNMENT DECLARED COAL REFERENCE PRICE UP IN JANUARY
COALspot.com: the Indonesian Coal Price Reference ( HBA) rose 1.60 per cent in January 2018, the latest ministerial decree showed. The benchma ...


Friday, 05 January 18
U.S. WEEKLY COAL OUTPUT FELL 32.4% PER CENT WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 10.5 million short tons ...


Friday, 05 January 18
COAL DEMAND TO REMAIN FLAT TO 2022, RESULTING IN A DECADE OF STAGNATION - IEA
Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the ...


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