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Sunday, 19 June 11
S6 AND S7 ROUTES LIKELY TO BE SOFT NEXT WEEK - VISTAAR


COALspot.com - The freight market seemed to be stabilizing and the BDI and Cape index was up marginally and closed at 1,423 points and 1,824 points respectively. Panamax index was almost holding same as last week and was down by 0.67 pct and closed at 1,914 points. The Supramax and handy size index was down by about 2 pct and closed at 1,319 points and 734 points respectively.

The freight market seems would be holding next week.

Supramax delivery Far east have been reported fixed around $ 12-13,000 per day for single trips. No Supramax period rate reported.

The iron ore  imports by China saw slight gains and the main gain for the cape has been in the Atlantic. However the outlook for the dry bulk still seems to be grim because of oversupply of the new ships coming in the market.

The sale of second hand of ships remained fairly good and prices were holding firm , which seems that some owners are taking advantage of low prices.

The average charter rates was at Cape/$ 10,120 per day , Panamax/$ 15,344 per day , Supramax/$ 13,792 per day and Handy size/$ 11,000 per day.

The Supramax index in the feast (S6 route) was down by 6.18 pct and closed at $ 10,477 per day (last week $ 11168 per day). The EC India/China (S7 route) also softened by 10.66 pct and closed at $ 10,225 per day (last week $ 11,446 per day) , the main reason could be towards monsoon.  The S6 and S7 routes likely to be soft next week.

The futures for three years (2011-2013) was at around Cape/$ 15,000 per day, Panamax/$ 14,000 per day, Supramax/$ 13,500 per day , Handy size/$ 10,500 per day.

The congestion in EC Australia increased sharply up and was at 74 vessels this week (last week 63 vessels). The vessels waiting at main coal loading ports were at Hay point/5, DBCT/15, Gladstone/15, Abbot Point/1, New Castle/34, Port Kembla/3 vessels. On the WC Australia iron ore vessels waiting also increased to 36 vessels  (last week 34 vessels).

The Brent crude oil prices softened and dropped by 4.42 pct to $ 113.26 per barrel (last week $ 118.50 per barrel). Bunker prices also softened and closed at $ 640.50 pmt (last week $ 675.00 pmt) for IFO 380 cst ex Singapore on 17th June 2011.

Click here for Vistaar’s forecasts (terms & conditions apply) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)



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Recent News

Thursday, 02 June 11
LARGE SUPRAS FOR RBCT/INDIA ROUND ARE NOW ASKING 14K - FEARNBULK
Handy The Handy/Supra market has in general been flat and un-exciting this week. The Black Sea market is almost non existing while the US Gulf mar ...


Thursday, 02 June 11
DRY BULK SHIP OWNERS LOOKING INTO SHORTENED WEEK WITH ANXIETY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With most markets in the western world closed yesterday, as a result of Memorial Day, dry bulk stakeholders weren’t able to build over the pos ...


Monday, 30 May 11
MIANG BESAR COAL TERMINAL ON TARGET
COALspot.com - MBCT, to be largest coal terminal in Asia to start construction in Indonesia’s east Kalimantan Island in July 2011 says Mr. Joh ...


Sunday, 29 May 11
THE FREIGHT MARKET CONTINUED TO GAIN MOMENTUM - VISTAAR
COALspot.com - The freight market continued to gain momentum and the BDI, Cape Index and Panamax was by up almost 10-12 pct and on all sectors, Vist ...


Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...


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