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Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR


COALspot.com (Singapore):
The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 pct and charter hire up by 32 pct at US$ 30,808 per day.

The Panamax index was steady at 2,361 points and charter hire at US$ 18,949 per day.  The Supramax  index was down by 9 pct and the charter rate was at US$ 19,530 per day. The handy size was almost same as last week and the index was at 977 point and the charter rate at US$ 13,784 per day.

The supramax index in the Far East (S6 route) was slightly soft and was at US$ 14,439 per day. The ECI/China (S7) route was also slightly soft at US$ 18,786 per day.

Short period rates for Supramax was around US$ 17,000 per day for vessels opening Far East / SE Asia. The futures for three years for 2010-2012 is around Cape / US$ 24,000 per day, Panamax / US$ 15,000 per day, Supramax / US$ 14,000 per day, Handy size / US$ 10,500 per day.

The holidays in most parts of the world including China will have some effect on the spot vessels says Capt. Reddy Managing Director of  
Vistaar Shipping, Singapore

The congestion in Australia was up at 138 vessels in EC Australia and 22 iron ore vessels waiting WC Australia. 

The berthing delays at DBCT is almost at 24 days and New Castle at 12 days. The congestion in EC India Paradip and Visakhapatnam continues to be uncertain.

The crude prices remained stable this week and brent crude was at US$ 67.40 per barrel and the bunker prices was around US$ 419 pmt for IFO(380 CST) prices ex Singapore.

Click here for Vistaar’ s forecasted (terms & conditions apply) spot freight rates for coal & Iron-ore cargo for 11 specific routes (cs)



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Recent News

Tuesday, 23 June 09
NAPOCOR TO RE-TENDER FOR 195,000 T COAL IN JULY
Electricity producer National Power Corp. (Napocor) will hold a tender on July 15 to buy 195,000 tons of steam coal for its Sual power station, the ...


Monday, 22 June 09
ONE DIES IN KUTAI COAL TUNNEL COLLAPSE
The Jakarta Post reported that, A tunnel at a coal mine belonging to company PT Fajar Bumi Sakti in Kutai Kartanegara, East Kalimantan collapsed on ...


Monday, 22 June 09
THIS WEEK IS EXPECTED TO BE FIRM AND DEMAND OF SHIPS WOULD BE STRONG - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI up by 487 points over last week which is an increase of almost 13 pct. The increase is again mainly due to Ca ...


Monday, 22 June 09
CHINESE MAY COAL IMPORTS HIT RECORD 9.43 MILLION TONNES
Reuters quoted Custom Data showed that China's coal imports hit an all-time record of 9.43 million tonnes in May. The figure surpasses the previ ...


Monday, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first dro ...


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