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Sunday, 15 April 12
THE SPOT FIXTURE RATES FOR SUPRAMAX IN SE ASIA SAW SOME SOFTENING OF CHARTER RATES - VISTAAR


COALspot.com - The market seem to be holding and except for Supramax and handy size index all other index was up with BDI up by 4.74 pct closing at 972 points.

The Cape index was up by 4.31 pct closing at 1572 points and Panamax index was up by 11.78 points closing at 1158 points. The Supramax index and Handy size index was slightly down closing at 936 points (down by 1.58 pct) and 540 points (down by 2.56 pct) respectively.

The spot fixture rates for Supramax in SE Asia saw some softening of charter rates. Vessels delivery South China was around $11,000 per day. Short period rates delivery far east  for Panamax was around $ 9,000-9,500 per day and for Supramax was around $11,000 per day.

The average charter rates was at Cape/$6,992 per day , Panamax/$9,264 per day , Supramax/$9,790 per day and Handy size/$8,201 per day.

The futures for three years (2012-2015) was at around Cape/$ 16,000 per day, Panamax/$ 11,000 per day, Supramax/$ 11,500 per day , Handy size/$ 9,500 per day.

The supramax index in the far east (S8 route) was down 3.93 pct and closed at $ 10,768 per day (last week $ 11,209 per day) and S7 route  was also down by 4.45 pct and closed at $ 8964 per day (last week $ 9,382 per day) . Both routes likely to be steady  this week.

The congestion in EC Australia decreased to 111 vessels this week(last week118 ). The vessels waiting at main coal loading ports were at Hay point/15, DBCT/16, Gladstone/26, Abbot Point/4, New Castle/40, Port Kembla/10 vessels. On the WC Australia iron ore vessels waiting was at 59 vessels (last week 46).

The Brent crude oil prices was almost at same levels closing at  $121.34 per barrel (last week $123.99 per barrel) and bunkers prices closed at $727.00 pmt  (last week $735.00 pmt) for IFO 380 cst ex Singapore on  13th April 2012.

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

Saturday, 17 March 12
THE FREIGHT RATES FOR INDONESIA TO INDIA REMAINED FIRM - VISTAAR SINGAPORE
COALspot.com - The market continued to be firm and all segments were up except for Cape Index which was down by 2.46 pct closing at 1,466 points. ...


Saturday, 17 March 12
INDIAN GOVT FINALIZES DRAFT BILL FOR COAL REGULATOR - PTI
The coal sector would soon get a regulator as the government has finalised a draft bill for the purpose, Coal Minister Sriprakash Jaiswal said Wedne ...


Friday, 16 March 12
THE PACIFIC MARKET IS FIRMING UP - FEARNLEYS AS
Handy A slightly positive trend was seen last week in the Atlantic. Skaw-Passero deliveries fixed around USD 3k to US Gulf, while US Gulf deliveres ...


Thursday, 15 March 12
RAINS AVERAGE SELLING PRICE OF COAL WENT UP BY 22 % IN 2011
COALspot.com - PT. Resource Alam Indonesia Tbk, an Indonesian CCoW (3rd Generation) holder reported Wednesday a 171 percent increase in net profits ...


Thursday, 15 March 12
RESOURCE ALAM FY11 PROFIT UP 171% - INSIDER STORIES
Insider Stories reported that, coal mining company PT Resource Alam Indonesia Tbk (KKGI) reported a 171.16% jump in net profit last year on the back ...


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