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Saturday, 15 January 11
SUPRAMAX VESSELS FIXED AROUND $ 8K FOR TRIP VIA INDONESIA TO INDIA - VISTAAR


COALspot.com - The BDI continues to drop and has touched below 1,500 points with the cape index severely affected with the index touching 1,595 points (down by 270 points).

Panamax  index recovered a bit and was down only by 13 points and closed at 1,923 points. Supramax also seemed to recover slightly with the index up by 52 points and closed at 1,393 points. The handy size index was almost at same levels and was down by 5 points and closed at 765 points.

The cape size vessels opening far east were reported fixed around $ 10,000 per day for trip via Australia to China and Panamax vessels fixed around $ 9,000 for Australia to China. The Supramax vessels were reported fixed around $ 8,000 for trip via Indonesia to India.

Short period rates for Supramax was at around $ 13,000 per day for vessels opening far east.

With the situation in Australia likely to continue for 2 to 3 weeks and with the Chinese New year coming first week of February , it is expected that the market is likely to be soft until mid February 2011 . The average charter rates was at Cape/$ 9,692 per day , Panamax/$ 15,341 per day , Supramax/$ 14,570 per day and Handy size/$ 11,129 per day.

The Supramax index in the far east (S6 route) was down by $ 682 per day (down by 7.40 pct) and closed at $ 8,536 per day (last week $ 9,218 per day). The EC India/ China (S7 route) was also severely affected and was down by $ 233 per day (down by 2.00 pct) and closed at $ 11,388 per day (last week $ 11621 per day). The S6 and S7 route is likely to be soft next week also.

The futures for three years (2011-2013) was at around Cape/$ 22,000 per day, Panamax/$ 16,500 per day, Supramax/$ 16,000 per day , Handy size/$ 11,000 per day.

The congestion in EC Australia reduced slightly to 120 vessels this week (last week 136  vessels). The vessels waiting at main coal loading ports were at Hay point/18, DBCT/39, Gladstone/11, Abbot Point/4, New Castle/43, Port Kembla /3 vessels. On the WC Australia iron ore vessels waiting was almost at same levels at 33 vessels (last week 24 vessels).

The waiting at Indian ports for coal vessels was quite normal except for Paradip, Haldia, Kandla where the berthing delays was high.

The Brent crude prices continued to be firm almost touching $ 100 per barrel and closed at $ 98.50 per barrel (last week was at $ 93.61 per barrel). Bunker prices also firmed and was at $ 540.00 pmt (last week $ 520.50 pmt) for IFO 380 CST ex Singapore on 14th Jan 2011.

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

Sunday, 23 January 11
THE AVERAGE CHARTER RATE FOR CAPE SIZE VESSELS WAS AT $ 8,859 PD ALMOST CLOSE TO 2008 LOWS - VISTAAR
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1,370 points. “ In  May 2010 the BDI touched ...


Saturday, 22 January 11
POSSIBLE COAL EXPORT RESTRICTIONS ON INDONESIA UNLIKELY TO AFFECT CHURCHILL MINING - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining moved to reassure investors after a fall in its share price, stating that from talks with the au ...


Thursday, 20 January 11
INDONESIA MAY BAN LOW-QUALITY COAL EXPORTS FROM 2014 - BLOOMBERG
Bloomberg reported that, The Indonesian government plans to ban exports of coal with an energy value of less than 5,600 kilocalories a kilogram star ...


Thursday, 20 January 11
SUPRAS ARE DOING USD 7- 8K FOR INDONESIA-INDIA - FEARNBULK
Handy Negative sentiment for forward positions in the Atlantic market due to lack of cargo availability and too many ballasters from the East. Con ...


Thursday, 20 January 11
ITMG TARGETS TO PRODUCE 25 MILLION TONS OF COAL THIS YEAR - BISNIS INDONESIA
Bisnis Indonesia  reported that, Coal producer PT Indo Tambangraya Megah Tbk (ITMG) targets to produce 25 million tons of coal this year, a 13. ...


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