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Saturday, 10 April 10
VESSELS OPEN N. CHINA WERE SEEN FIXED AT HIGH TEENS FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SINGAPORE


COALspot.com: The BDI indices was almost at same levels was down by only 2.6 pct.

The cape index was down by almost 13 pct, which appears to be slowing down of iron ore imports. The Panamax and Supramax was strong and was up by 6.58 pct and 3.36 pct respectively, however this sector was quite firm for spot and short period rates. The Handy size index was almost at same levels and was just up by 0.36 pct.

Supramax vessels opening Fareast were seen mostly being fixed for short period and were seen fixed at $ 26,000 / 27,000 per day.

“The Supramax vessels open N. China were seen fixed at high teens for trip via Indonesia to India” said, Capt. Reddy, MD of Vistaar Shipping, Singapore. Vistaar shipping is an experienced ship operator operating in Singapore and India.

BDI (Baltic dry index changes)

BALTIC DRY INDEX CHANGE
 
This week
Last week
Change
Change %
Baltic Dry Index
2913
2991
78¯
2.60
Baltic Cape Index
2984
3429
445 ¯
12.98
Baltic Panamax Index
3952
3708
244
6.58
Baltic Supra Index
2490
2409
81
3.36
Baltic Handy size Index
1355
1360
5 ¯
0.36
As of 9 April 2010



“With quite a lot of new deliveries still coming it will be interesting to see how the freight market will be affected. However it appears that at least for the first quarter the new deliveries have not affected and market has remained firm”, Capt. Reddy further said.

The average charter hire was at Cape $ 25,115 per day, Panamax $ 31,799 per day, Supramax $ 26,040 per day and Handy size $19,733 per day.

The Supramax index in the Fareast (S6 route) firmed up by $ 1,190 per day (up by 5.62 pct) and closed at $ 22,350 per day. The ECI/China (S7) route continued to soften and was down by $ 2,004 per day (down by 5.89 pct) and closed at $ 31992 per day.

The futures for three years (2010-2012) was at around Cape $ 29,000, Panamax $ 21,000, Supramax $ 18,000 and Handy size $ 14,000 per day respectively.

The congestion in EC Australian ports reduced to 155 vessels this week (last week 173 vessels ). The vessels waiting at main coal loading ports are at Hay point/20 , DBCT / 63, Gladstone / 17 ,New Castle / 49 vessels. On the WC Australia iron ore vessels waiting was at 20 vessels (last week 19 vessels).   

The waiting at Indian ports for coal vessels was quite normal around 3/4 days , except for Paradip and Haldia where congestion continues to be high due to slow clearance of cargoes from the port due to railway wagon shortage.

The crude prices continued to be firm 84.78 per barrel (last week at $  84.42 per barrel) . The  prices of bunkers was up at 481.50 pmts (IFO 380 CST ex.Singapore) on 9th April 2010.

CLICK HERE for Vistaar’s forecasted (Terms & Conditions Apply) spot freight rates for coal & Iron-ore cargo for specific routes(cs)
VISTAAR SHIPPING, SINGAPORE



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