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Saturday, 30 April 11
THE PANAMAX WAS THE BIGGEST GAINER


COALspot.com - The freight market appeared to recover slightly after the Easter holidays. However they market may not move up much and likely to maintain around same levels next week also.

The BDI and cape index was up by only about 1.5 pct and closed at 1269 points and 1564 points. The panamax was the biggest gainer with index up by 5.30 pct and closed at 1450 points. The Supramax and handy size index was slightly down by less that 1 pct and closed at 1390 points and 797 points.

The effect of new bulk carrier deliveries in the first quarter seems to be having a affect on the shipping market with about 20 million dwt being delivered and still quite a lot of new tonnage is yet to be delivered in the balance of 2011 and could be around 40-50 million dwt more. The scrapping has been relatively poor in the first quarter and has been only about 4 million dwt.

The average charter rates was at Cape/$ 6698 per day , Panamax/$ 11620 per day , Supramax/$ 14530 per day and Handy size/$ 11897 per day

The Supramax index in the far east (S6 route) softened further by 2.71 pct (down by 385 points) and closed at $ 13822 per day (last week $ 14207 per day). The EC India/China (S7 route) also softened and was down by 3.96 pct (down by $ 558 per day) and closed at $ 13513 per day (last week $ 14071 per day).  The S6 and S7 routes likely to be soft week also.

The futures for three years (2011-2013) was at around Cape/$ 16500 per day, Panamax/$ 14500 per day, Supramax/$ 14000 per day , Handy size/$ 11000 per day.

The congestion in EC Australia reduced to 39 vessels this week (last week 37 vessels). The vessels waiting at main coal loading ports were at Hay point/5, DBCT/17, Gladstone/4, Abbot Point/1, New Castle/9, Port Kembla/3 vessels. On the WC Australia iron ore vessels waiting was at same levels as last week (last week 35 vessels).

The waiting at Indian ports for coal vessels was quite normal.

The crude oil prices slightly firmed up and closed at $ 125.95 per barrel (last week $ 124.04 per barrel). Bunker prices also softened and closed at $ 673.50 pmt (last week $ 672.00 pmt) for IFO 380 cst ex Singapore on 29th April 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

Tuesday, 19 April 11
TNPL TO CONDUCT E-AUCTION TO SECURE 160,000 MT OF COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL) a state utility of Tamil Nadu, India to conduct reverse auction on 20 April 2011, betw ...


Tuesday, 19 April 11
ADARO TO ALLOT US$100 MIO FOR COKING COAL - INSIDER STORIES
One of Indonesia's largest coal miner PT Adaro Energy Tbk (ADRO) plans to spend US$100 million in coking coal project dubbed IndoMet Coal, a joint ...


Tuesday, 19 April 11
KPCL TO OPEN PRICE BID ON 23 APRIL 2011 TO FINALIZE ITS ONE MILLION MT COAL SUPPLIER
COALspot.com - Karnataka Power Corporation (KPCL) a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 ...


Monday, 18 April 11
INDONESIA HAS SET THE APRIL 2011 COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.02 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the April 2011 Indonesian Coal Reference Price for thermal coal at ...


Sunday, 17 April 11
THE FREIGHT MARKET APPEARS WILL CONTINUE TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - "The freight market continued to soften further with all segments down except for the handy size which was marginally up by 10 p ...


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