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Sunday, 12 August 12
COAL FREIGHT RATES FALL FLAT TO SOFT ON OVERSUPPLY, WEAK DEMAND - VISTAAR SINGAPROE


COALspot.com - The BDI continued its fall 10th August.

This week all segments were down including BDI down by 9.15 pct closing at 774 points .The cape index was also down by 2.58 pct closing at 1169 points. The biggest drop was in Panamax and Supramax sector which was down by almost 11 pct closing at 814 points and 886 points respectively. The handy size index was also down by 3.80 pct closing at 531 points.

The Supramax freight market was soft from Indonesia to India and vessels were trading around US$ 6000 delivery South China for trip to India. Short Period charter rates for Supramax and Panamax was around US$ 9000 per day.

The dry shipping market is expected to soft at least for the next couple of weeks.

The average charter rates was at Cape/US$ 3852 per day , Panamax/US$ 6483 per day , Supramax/US$ 9264 per day and Handy size/US$ 7699 per day.

The futures for three years (2012-2015) was at around Cape/US$ 14000 per day, Panamax/US$ 10500 per day, Supramax/US$ 10500 per day , Handy size/US$ 8500 per day.

The supramax index in the far east (S8 route) was down by 7.20 pct and closed at US$ 6635  per day (last week US$ 7150 per day) and S7 route  was down by 5.55 pct  and closed at US$ 5330 per day (last week US$ 5643 per day) . Both routes likely to be soft next week.

The congestion in EC Australia was at 78 vessels this week (last week 74 vessels).  The vessels waiting at main coal loading ports were at Hay point/1, DBCT/15, Gladstone/6, Abbot Point/4, New Castle/44, Port Kembla/4 vessels. On the WC Australia iron ore vessels waiting was at 47 vessels (last week 44 vessels).

The Brent crude oil prices was up by 4.19 pct closing at US$ 113.45  per barrel (last week  US$ 108.89 per barrel). The bunker prices were slightly up closing at US$ 657.50  (last week US$ 632.50 pmt) for IFO 380 cst ex Singapore on 10th August 2102.

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

Tuesday, 14 August 12
SAKARI SIGNS HEADS OF AGREEMENT TO ACQUIRE SIX COAL CONCESSIONS IN INDONESIA
COALspot.com - Sakari has signed a Heads of Agreement (HOA) to acquire a 100% interest in up to six IUPs, covering an area of over 29,000 hectares, ...


Tuesday, 14 August 12
UNCERTAIN FUTURE FOR DRY BULK PANAMAX SHIPS - DREWRY / HELLENIC SHIPPING
The dry bulk shipping market is in a poor state, with the Capesize segment the worst of all. Unfortunately, the latest analysis from Drewry Maritime ...


Monday, 13 August 12
5TH VIETNAM PORTS AND LOGISTICS 2012
Press Release - Co-hosted by VINAMARINE, the 5th Vietnam Ports and Logistics2012 will feature dedicated sessions on port and transport infrastructur ...


Monday, 13 August 12
ACTIVE DRY BULK FLEET INCREASES BY 8% SO FAR IN 2012 IN TERMS OF TONNAGE CAPACITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s no wonder that the dry bulk market has been tethering since the start of the year. the overflow of tonnage has been so enormous, that eve ...


Saturday, 11 August 12
INDONESIAN COAL REFERENCE PRICE HAS LOST 27.78 PERCENT YOY
COALspot.com -  Indonesian HBA fell again in August. The monthly coal reference price for coal sales this month fell 3.32 percent. HBA fell ...


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