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Saturday, 22 October 11
THE SHORT-PERIOD RATES FOR PANAMAX REMAINED FIRM - CAPT. REDDY


COALspot.com - "The market seemed to slow down a bit this week, and all sectors were down by about One to five percent", said Capt. Reddy, director of Vistaar shipping, Singapore.

The BDI was down by 0.92 pct and closed at 2,153 points, and Cape index was down by only 0.58 pct and closed at 3,566 points. The Panamax and Supramax index closed at 2,026 points(down by 2.78 pct) and 1,533 points (down by 3.83 pct) respectively. The biggest drop was in handysize which was down by about 6 pct and closed at 774 points.

Accordign to Vistaar Shipping, the short-period rates for Panamax remained firm at around US$ 15,000 per day. However, no short-period candidates reported on Supramax. The freight rate from Indonesia to India softened slightly.

The average charter rate was at Cape/US$ 27,876 per day , Panamax/US$ 15,326 per day , Supramax/US$ 16,028 per day and Handysize/US$ 11,270 per day.

The supramax index in the feast (S6 route) was down by 1.90 pct and closed at US$ 13,474 per day (last week US$ 13,736 per day). The EC India/China (S7 route) was also down by 1.28 pct and closed at US$ 11,015 per day (last week US$ 11,158 per day). The S6 and S7 likely to be steady/soft.

The futures for three years (2011-2013) was at around Cape/US$ 16,500 per day, Panamax/US$ 14,000 per day, Supramax/US$ 14,000 per day , Handysize/US$ 10,500 per day.

The congestion in EC Australia increased to 92 vessels this week (last week 79 vessels). The vessels waiting at main coal loading ports were at Haypoint/3, DBCT/22, Gladstone/15, Abbot Point/Nil, New Castle/43, Port Kembla/8 vessels. On the WC Australia iron, ore vessels waiting was at 44 vessels  (last week 40 vessels).

The Brent crude oil price was up by 2.98 pct  and closed at US$ 109.75  per barrel (last week US$ 112.73 per barrel). Bunker prices almost remained at same levels and closed US$ 674.50 pmt (last week US$ 680.00 pmt) for IFO 380 cst ex-Singapore on 14th Oct 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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Saturday, 08 September 12
INDO INDIA ROUTE FREIGHT FOR SUPRAMAX REMAINS STRONG - CAPT. REDDY
COALspot.com - The freight market overall remained weak and except for cape index all other sectors were down. The biggest drop was in the Panamax s ...


Saturday, 08 September 12
RIO TINTO COMPLETES ACQUISITION OF BHP BILLITON'S INTERESTS IN RICHARDS BAY MINERALS
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Friday, 07 September 12
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Thursday, 06 September 12
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Handy According to Fearnleys weekly report, in the smaller segments Fearnleys sees little to no changes since last week. There are still entering s ...


Thursday, 06 September 12
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