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Sunday, 20 May 12
SPOT FREIGHT RATE DIPS FURTHER - VISTAAR


COALspot.com - The BDI was marginally up by 3 points (0.26 pct) closing at 1,141 points.

The cape index was up by 1.17 pct closing at 1,633 points. The panamax index continued its fall and was down by 3.63 pct closing at 1274 points. The supramax index was also slightly down by 0.35 pct closing at 1,108 points. The handy size index was up by 3.73 pct closing at 639 points.

The freight market from Indonesia to India was weak and many spot vessels were seen looking for employment.  The spot fixture rates for Supramax in SE Asia remained weak with vessels rating around US$ 13,000 delivery SE Asia / Singapore. Short period rate for Supramax reported around US$ 11,000 per day and for Panamax around US$ 9,500 delivery Far East.

The average charter rates was at Cape / US$ 8,905 per day , Panamax / US$ 10,159 per day , Supramax / US$ 11,588 per day and Handy size / US$ 9,571 per day.

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

The supramax index in the feast (S8 route) was down by 12.72 pct and closed at US$ 9,323  per day (last week US$ 10,682 per day) and S7 route  was down by 6.80 pct  and closed at US$ 8,350 per day (last week US$ 8,959 per day) . Both routes likely to be soft next week.

The congestion in EC Australia was at 69 vessels this week (last week 68 vessels).  The vessels waiting at main coal loading ports were at Haypoint  /  5, DBCT/7, Gladstone/10, Abbot Point/2, New Castle/27, Port Kembla / 17 vessels. On the WC Australia iron ore vessels waiting was at 31 vessels (last week 33 vessels).

The Brent crude Oil prices remained weak and was down by  4.60 pct closing at US$ 106.88 per barrel (last week  US$ 112.04 per barrel) and bunkers prices also softened closing at US$ 648.00 pmt  (last week US$ 672.00 pmt) for IFO 380 cst ex Singapore on 18th May 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, 25 April 12
CHINA IMPORTS 9.76 MMT AND INDIA IMPORTS 7.03 MMT OF INDONESIAN COAL LAST MONTH
COALspot.com: Indonesia, the world largest coal exporter, shipped  30.64* million tons of coal in March 2012, compared to 27.12* million tons i ...


Monday, 23 April 12
ALTURA ENTERS INTO AGREEMENT TO ACQUIRE 2 COAL PROJECTS IN SOUTH KALIMANTAN
COALspot.com - Altura Mining Limited (ASX: AJM) has announced that it has entered into an agreement to acquire a further two (2) Mining Permits (IUP ...


Sunday, 22 April 12
THE FREIGHT MARKET EXPECTED TO REMAIN FIRM NEXT WEEK - VISTAAR
COALspot.com - The BDI has broken the psychological barrier of 1000 points and closed at 1067 points. The cape index was slightly down by 2.48 pc ...


Saturday, 21 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP 2.61 PERCENT THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps fell for a fifth day, according to DSP of SGX AsiaClear OTC Coal Swaps. CFR South China Coal ...


Friday, 20 April 12
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A rebound of demand for smaller dry bulk carriers has led the industry’s benchmark, the BDI (Baltic Dry Index) above the 1,000-point mark for ...


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