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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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Sunday, 22 January 12
FREIGHT MARKET DROPPED TO THE LOWEST LEVEL SINCE 2008
COALspot.com - "The markets continued to soften almost reaching 2008 levels breaking the 1,000 point mark", said Capt. Reddy of Vistaar Sh ...


Saturday, 21 January 12
ASIAS PREMIER COMPREHENSIVE OPEN CUT MINING CONFERENCE SCHEDULED FOR FEBRUARY 2012
As the only such conference in the region for miners and service providers, IBC Asia’s Open Cut Mine Planning & Operational Excellence con ...


Saturday, 21 January 12
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In 2012, IBC Asia’s premier Coal Markets conference series – Asia’s only globally focused coal import, export and supply chain eve ...


Saturday, 21 January 12
SAMIN TAN COMPLETES BUMI PLC TAKEOVER - INSIDER STORIES
Insider Stories reported that, Indonesian coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN), that is controlled by stellar businessm ...


Thursday, 19 January 12
SOUTHGOBI RESOURCES SELLS MORE THAN FOUR MILLION TONNES OF COAL IN 2011, 58% MORE THAN 2010
COALspot.com - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) has successfully complets year 2011 on guidance in terms of coal sales and production. ...


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