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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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Recent News

Thursday, 19 August 10
INDONESIA EXPORTED 5.93 MLN TON OF COAL TO CHINA AND 3.52 MLN TONS TO INDIA IN JULY
COALspot.com: Indonesia shipped 3.52 million tones of thermal coal to India in July, fell 25.39 percent compared to June's exports of 4.71 million ...


Thursday, 19 August 10
WBPDCL INDIA LAUNCHES SPOT COAL TENDER
COALspot.com: The West Bengal Power Development Corporation Limited (WBPDCL ), A Govt. of West Bengal Enterprise, has launched spot contract tender ...


Thursday, 19 August 10
PANAMAX BACKED BY A STRONGER SHORT PERIOD MARKET AND SUPPORTED BY SOME FRESH REQUIREMENTS - FEARNBULK
Handy The events of this week have confirmed our assessment of last week i.e. activity gradually picked up in the Atlantic with more enquiry seen ...


Thursday, 19 August 10
CSC TO SHIP COAL FOR NOROCHCHOLAI POWER PLANT
Daily Mirror reported that, coal for the Norochcholai Power Plant will be shipped to the country by the Ceylon Shipping Corporation (CSC) officials ...


Wednesday, 18 August 10
MADHUCON TO START MINING AT SUMATRA BLOCK IN 2-3 MONTHS
DNA India reported that, Hyderabad-based Madhucon Projects is set to begin mining at one of its coal blocks in Indonesia in 2-3 months, said S Vaiku ...


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