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Sunday, 21 November 10
THE FREIGHT MARKET MAY SLIGHTLY FIRM UP NEXT WEEK - CAPT. REDDY


COALspot.com: The freight market continued its down fall with BDI down by 6.83 pct and closed at 2,155 points.

According to Vistaar Shipping of Singapore, an experienced ship operator, all other segments were also under pressure with the Panamax index most affected which dropped by 13.83 pct and closed at 2,038 points and the Cape index was only down by 2.38 pct and closed at 3,526 points.

The Supramax and Handy size was also under pressure and closed at 1,389 points (down by 8.38 pct) and 788 points (down by 5.40 pct) respectively.

BALTIC DRY INDEX CHANGES

 
BALTIC DRY INDEX CHANGE
 
 
This week
Last week
Change
Change %
 
 Baltic Dry Index
2155
2313
158
¯
6.83
 
 Baltic Cape Index
3526
3612
86
¯
2.38
 
 Baltic Panamax Index
2038
2365
327
¯
13.83
 
 Baltic Supra Index
1389
1516
127
¯
8.38
 
 Baltic Handy size Index
788
833
45
¯
5.4
 
As of 19 November 2010


The Supramax vessels opening in Far East and India continued to be under pressure . The Supramax rates opening Far East was at around $ 13,000 per day delivery N. China and vessels opening in India was at around $ 14000 per day.

“The futures are up on all segments were up on Thursday/Friday indicating that the market may slightly firm up next week” said Capt. Reddy, Director of Vistaar Shipping, Singapore.

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The futures for three years (2011-2013) was at around Cape/$ 25,000 per day, Panamax/$ 17,500 per day, Supramax/$ 16,000 per day, Handysize/$ 12,000 per day.

The congestion in EC Australian ports was lower than last week at 66 vessels this week (last week 78 vessels ). The vessels waiting at main coal loading ports were at Haypoint / 1, DBCT / 25, Gladstone / 5, Abbot Point / 1, New Castle / 32, Port Kembla / 2 vessels. On the WC Australia iron ore vessels waiting increased to 21 vessels (last week 46 vessels).

The waiting at Indian ports for coal vessels was quite normal around 3/4 days, except that the congestion at Paradip and Haldia continued to be uncertain and high at around 10 days.

The Brent crude prices was slightly down and closed at $ 84.33 (last week $ 86.10 per barrel ). The bunker prices also softened and closed  at $ 482.50 pmt (last week $ 499.00 pmt)  for IFO 380 cst ex Singapore on 19th Nov 2010.

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



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Thursday, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
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Thursday, 25 November 10
JSW ENERGY BUYS CANADIAN COAL FIRM FOR $411 MN - NDTV PROFIT
NDTV Profit reported that, Sajjan Jindal-owned JSW Energy on Wednesday said it has entered into an agreement to buy out British Virgin Islands-based ...


Thursday, 25 November 10
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The dry bulk market kept its upward momentum yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI) gaining a further 0.64% to e ...


Wednesday, 24 November 10
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