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Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR


COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.

The cape index continued to move up and was up by 5.43 pct. The Panamax index was down this week by 6.86 pct where as the Supramax index was up by 2.39 pct. The handy size index was marginally up by 1.60 pct. The period activity was quite firm especially on the Panamax sector. Panamax for 2 yrs was reported at US$ 25000 per day and one year at US$ 28,000 per day. Cape size was reported at US$ 31,500 for one year period. Supramax vessels reported fixed for one year at US$ 22,000 per day , for 2 years reported at US$ 20,000 per day and short period rates were reported around US$ 25/26000 per day.

BDI (Baltic Dry Index Changes)

BALTIC DRY INDEX CHANGE
 
This week
Last week
Change
Change %
Baltic Dry Index
3010
3009
4
3.30
Baltic Cape Index
3238
3071
167
2.92
Baltic Panamax Index
3757
4034
277 ¯
2.07
Baltic Supra Index
2656
2594
62
4.18
Baltic Handy size Index
1351
1373
22 ¯
1.33
As of 23 April 2010


The average charter hire was at Cape US$ 28441 per day, Panamax US$ 30239 per day, Supramax US$ 27,767 per day and Handy size US$ 19,766 per day.

The Supramax index in the Fareast (S6 route) softened slightly by US$ 438 and closed at US$ 21,880 per day. The ECI/China (S7) route continued to soften and was down by US$ 2,954 per day (down by 9.23 pct) and closed at US$ 29,038 per day.

The futures for three years(2010-2012) was at around Cape US$ 29000 per day, Panamax US$ 21000 per day, Supramax US$ 18500 per day, Handy size US$ 14000 per day.

The congestion in EC Australian ports reduced to 141 vessels this week (last week 151 vessels ). The vessels waiting at main coal loading ports were at Hay point/5, DBCT/66, Gladstone/19, Abbot Point/nil, New Castle/46 vessels, Pot Kembla / 5 vessels. On the WC Australia iron ore vessels waiting was at 29 vessels (last week 26 vessels).   

The waiting at Indian ports for coal vessels was quite normal around 3/4 days , except for Paradip where congestion continues to be high. Waiting at Haldia is only about 1/2 days . The iron ore movement has reduced quite a bit in last two weeks which is one of the main reasons for easing of congestion.

The crude prices continued to be firm 85.93 per barrel (last week at US$ 84.78 per barrel) . The  prices of bunkers was quite firm at 489.50 pmts (IFO 380 CST ex Singapore) on 23rd  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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