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Sunday, 25 November 12
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO BE FIRM - VISTAAR


COALspot.com - The freight market was buoyant this week with all sectors up except for the Cape size index. The BDI was up by 5.21 pct closing at 1090 points. The cape size index was down by 2.51 pct closing at 2288 points , whereas panama index was up by 14.33 points closing at 1013 points. The Supramax and Handy size index were also up closing at 724 points (up by 7.42 pct) and 431 points (up by 6.12 pct ) respectively.

The Supramax freight market from Indonesia to India was firm and the freight rates are expected to be up next week too.

The average charter rates were at Cape/US$ 16,412 per day , Panamax/US$ 8,091 per day , Supramax/US$ 7,566 per day and Handy size/US$ 6,357 per day.

The futures for three years (2013-2015) was at around Cape/US$ 15,000 per day, Panamax/US$ 9,500 per day, Supramax/US$ 9,500 per day  and Handy size/US$ 8,000 per day.

The supramax index in the far east (S8 route) was up by 9.48 pct and closed at US$ 8,939 per day (last week it was at US$ 8165 per day). S7 route  was also up by 12.62 pct  and closed at US$ 5192 per day (last week it was US$ 4,610 per day) . Both routes likely to be firm next week.

The congestion in EC Australia was at 44 vessels this week (last week 40 vessels).  The vessels waiting at main coal loading ports were at Hay point/3, DBCT/11, Gladstone/12, Abbot Point/Nil, New Castle/14, Port Kembla/4 vessels.

The Brent crude oil prices was slightly up by 2.01 pct and closed at US$ 111.39  per barrel (last week  US$ 109.19 per barrel). The bunker prices closed higher at US$ 609.50  (last week US$ 611.00 pmt) for IFO 380 cst ex Singapore on 23rd Nov 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

Tuesday, 27 November 12
NEWCASTLE PORT HAS SHIPPED 1.79 MILLION TONS OF COAL W/E 26 NOVEMBER
COALspot.com - Newcastle port in Australia has loaded 1,793,841 MT of thermal and coking coal for week ended  0700 hours 26 November 2012, Newc ...


Sunday, 25 November 12
INDONESIAN SUB BITUMINOUS COAL SWAP CONTRACTS SLIDE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for February 2013 delivery lost 0.76percent WoW  but gained  0.16 percent DoD on Friday ...


Saturday, 24 November 12
DELTA DUNIA MAKMUR PRODUCES 3.2 MILLION TONS OF COAL IN OCTOBER
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 31.1 million bcm* (-4.0% YoY) of Overburden in October 2012 totaled while coal production was ...


Friday, 23 November 12
CHOOSING THE RIGHT TIME TO INVEST IN NEW VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Shipping is all about timing, a process often rising to the height of artform, as ship owners are having to pick the exact moment of selling most of ...


Thursday, 22 November 12
HANDY: INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 12500 - FEARNRESEARCH
Handy The north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tig ...


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