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Sunday, 24 June 12
SUPRAMAX FREIGHT MARKET FIRMED UP FROM INDONESIA TO INDIA - VISTAAR


COALspot.com - This week all the segments gained and marked was firm in the Supramax and Handy size  sector, where as the Cape and Panamax index was only marginally up by about 1 pct.

Towards end of the week however it appeared the momentum was lost slightly.

The BDI was up by 54 points (up 5.84 points) closing at 978 points . The cape index was marginally up by 7 points (up by 0.61 pct) closing at 1,155 points and the Panamax index was up by 17 points (up by 1.60 pct) closing at 1,048 points. The Supramax and Handy size index were the biggest gainers which was up by 11.12 pct (closing at 1,179 pct) and 7.96 pct (closing at 705 points).

The Supramax freight market firmed up from Indonesia to India and vessels were trading around US$ 8,000 for delivery South China for trip to India. Not much activity on the period charters. The freight rates are expected to be steady this week.

The average charter rates was at Cape/US$ 3,570 per day , Panamax/US$ 8,346 per day , Supramax/US$ 12,323 per day and Handy size/US$ 10,247 per day.

The futures for three years (2012-2015) was at around Cape/US$ 14,000 per day, Panamax/US$ 10,500 per day, Supramax/US$ 11,000 per day , Handy size/US$ 9,000 per day.

The supramax index in the far east (S8 route) was sharply up 49.40 pct and closed at US$ 7,355  per day (last week US$ 4,923 per day) and S7 route  was up by 14.80 pct  and closed at US$ 6,111 per day (last week US$ 5,323 per day) . Both routes likely to be steady/firm next week.

The congestion in EC Australia was at 103 vessels this week (last week 81 vessels).  The vessels waiting at main coal loading ports were at Hay point/4, DBCT/19, Gladstone/11, Abbot Point/1, New Castle/55, Port Kembla/12 vessels. On the WC Australia iron ore vessels waiting was at 43 vessels (last week 49 vessels).

The Brent crude oil prices fell sharply and closed at US$ 91.44 per barrel (last week  US$ 97.60 per barrel) and bunkers prices softened closing at US$ 565.50 pmt (last week US$ 609.50 pmt) for IFO 380 cst ex Singapore on 22 June 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, 16 June 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA COAL CONTRACT SWAPS ARE UNDER PRESSURE
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries seems to be under pressure this week.&nbs ...


Friday, 15 June 12
CAPESIZE - THE LEVELS THAT DID FIX ARE DOWN W-O-W LEVELS - FEARNLEYS
Handy Another slow-moving market with rates hovering at same level as last week. US Gulf positions fixed USD 25,000 for trips to Cont/Passero and S ...


Thursday, 14 June 12
SMALLER DRY BULK CARRIERS LIKELY TO FACE MORE CHALLENGES; DEMOLITION ACTIVITY SET FOR RECORD YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest update on the dry bulk markets, BIMCO said that China is partly “failing to deliver” on raw material imports that can affe ...


Wednesday, 13 June 12
LOW COAL PRICES COULD CHANGE SUPPLY SIDE DYNAMICS - FITCH RATINGS
Fitch Ratings believes that the weakness seen in thermal coal prices in recent months should reverse once demand from major importers recovers, alth ...


Tuesday, 12 June 12
ITACHA RESOURCES BUYS SARANA MARINE - INSIDER STORIES
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