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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

Saturday, 23 May 09
THE SPOT SUPRAMAX CONTINUED TO BE FIRM - VISTAAR SINGAPORE
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore, said, the beginning of the week continued ...


Saturday, 23 May 09
INDONESIA'S COAL OUTPUT SLUMPS IN Q1 ON LOWER PRICES, FALLING DEMAND - THE JAKARTA GLOBE
Falling international coal prices, bad weather and other problems cut first-quarter coal output by 50 percent to 30 million tons against an initial ...


Saturday, 23 May 09
INDIAN GOVT PLANS TO BUILD FIVE COAL-BASED POWER PLANTS AT $3.5B TO END CRISIS - THE FINANCIAL EXPRESS
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Saturday, 23 May 09
INTERNATIONAL COAL VENTURES PVT LTD FORMED - INDIA SERVER
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Friday, 22 May 09
CHURCHILL DOUBLES INDONESIAN COAL PROJECT RESOURCE ESTIMATE - STEEL GURU
Mining Weekly quoted Churchill Mining as saying that the resource at its East Kutai coal project in Indonesia has more than doubled to 3.18 billion ...


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