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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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Wednesday, 07 March 12
3RD MOZAMBIQUE COAL CONFERENCE
3rd Mozambique Coal Conference 2-4 July 2012 | Joaquim Chissano International Conference Centre , Maputo, Mozambique http://www.immevents.com/mo ...


Wednesday, 07 March 12
DRY BULK MARKET KEEPS UP TIMID REBOUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its rising momentum yesterday, rising for the eighth straight session, on the back of renewed demand for smaller bulk c ...


Wednesday, 07 March 12
BUKIT ASAM EYES 39% RISE IN COAL SALES - INSIDER STORIES
Insider Stories reported that, PT Bukit Asam Tbk is scouting a 39% increase in coal sales volume to 18.66 million tons this year from last year with ...


Wednesday, 07 March 12
PETROSEA SEALS US$188 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, coal mining contractor PT Petrosea Tbk has secured a US$188 million additional contract from its affiliated firm PT S ...


Monday, 05 March 12
SOUTHGOBI ANNOUNCES AGREEMENT TO SELL ITS THERMAL COAL TSAGAAN TOLGOI DEPOSIT FOR US$ 30 MILLION
SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) announced today an agreement to sell its thermal coal property, the Tsagaan Tolgoi Deposit to Modun Re ...


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