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Saturday, 20 October 12
SUPRAMAX FREIGHT EXPECTED TO BE FLAT - VISTAAR


COALspot.com - The shipping market continued to be quite active with quite lot of cargoes fixed for in the cape and panamax sector.

The BDI was up by 9.07 pct closing at 1010 points and the cape index was by 15.83 pct closing at 2217 points. The panamax index seemed to stabilise closing at 879 points (up by 0.92 points). The supramax and handy size index was down closing at 732 points (down by 5.67 points) and 445 points (down by 0.22 pct).

The Supramax freight market from Indonesia to India was steady.   The charter rates for vessels delivery Singapore reported around US$ 10000 per day for trip via Indonesia to India.  The Supramax freight expected to be flat to weak next week and the panamax freights expected to be flat.

Short period rates for Cape size vessels was at  US$ 13000-14000 per day, Panamax at US$ 8000 per day and Supramax at US$ 9000 per day.

The iron imports into china has been steady, while there has been slow down on coal imports. The Indian coal imports still has not picked up and remained low.

The average charter rates were at Cape/US$ 14300 per day, Panamax/US$ 7020 per day, Supramax/US$ 7652 per day and Handy size/US$ 6555 per day.

The futures for the three years (2013-2016) was at around Cape/US$ 16000 per day, Panamax/US$ 10000 per day, Supramax/US$ 10000 per day, Handy size/US$ 8250 per day.

The supramax index in the feast (S8 route) was up by 3.63 pct and closed at US$ 7655 per day (last week US$ 7387 per day) and S7 route was almost at same levels and closed at US$ 4358 per day (last week US$ 4355 per day). Both routes are likely to be steady next week.

The congestion in EC Australia was at 32 vessels this week (last week 33 vessels).  The vessels waiting at main coal loading ports were at Hay point /4, DBCT/5, Gladstone/12, Abbot Point/1, New Castle/7, Port Kembla/3 vessels. On the WC Australia iron ore vessels waiting was at 30 vessels (last week 41 vessels).

The Brent crude oil prices was slightly down by 2.00 pct and closed at US$ 112.28 per barrel (last week US$ 114.57 per barrel). The bunker prices closed also lower at US$ 646.50 (last week US$ 652.50 pmt) for IFO 380 cst ex Singapore on 19th Oct 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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Thursday, 11 October 12
SINGAPORE BASED COAL SOURCE AND SHIPPING BAGS 300K MT IMPORTED COAL SUPPLY CONTRACT FROM TNPL
COALspot.com -  India-based paper manufacturer Tamil Nadu Newsprint and Papers Limited has awarded a tender for 300,000 mt of imported steam co ...


Thursday, 11 October 12
PANAMAX : SINCE LAST WEEK RATES HAS FIRMED FOR ALL TRADES - FEARNLEYS AS
Handy The Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to East Med were around USD 14k and B ...


Thursday, 11 October 12
DRY BULK MARKET STEADY AFTER CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market hasn't yet staged a solid rebound after last week's holidays in China, as many would have expected. Indeed, many analysts were ...


Wednesday, 10 October 12
NEW BUILDING MARKET ON A QUIET WEEK, DUE TO ASIAN HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The newbuilding ordering activity has been more than quite during the course of the past week, as a result of holidays in both Korea and China. Acco ...


Wednesday, 10 October 12
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