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Sunday, 09 December 12
LOW DEMAND PUSHES CHARTER RATES TOWARDS DOWN - VISTAAR

 
COALspot.com - The freight market has softened and BDI, The Baltic Dry Index, a measure of shipping costs for dry bulk goods, plunged below 1000 points on Friday closed at 966 points (down by 12.67 pct). 

The Baltic Dry Index is issued daily by the UK-based Baltic Exchange, and has been in existence since 1744. It tracks the worldwide international shipping prices of major raw materials and dry bulk cargoes by sea, including grain, iron ore, coal and other fossil fuels. The BDI measures the shipping costs of these raw materials for four different sizes of merchant vessels on 26 different geographic routes and averages them into one index.

The cape index has also dropped by 1.67 pct and closed at 1832 points. The Panamax also continued to fall this week closed at 936 points . The supramax and handy size index was almost at same levels down by less than 1 pct closing at 760 points and 470 points respectively.

The charter rates dropped towards second half of the week due to drops in demand. The Freight market likely to be soft next week too.

The average charter rate for  Cape was around US$ 12,066 per day , Panamax was at around US$ 7441 per day this week. In the meantime Supramax was at US$ 7,947 per day and Handy size US$ 6,589 per day.

The futures for three years (2013-2015) was at around Cape / $14000 per day, Panamax $ 9,500 per day, Supramax $ 9,500 per day  and Handy size$ 8000 per day.

The supramax index in the far east (S8 route) was down by 3.36 pct and closed at $ 9770 per day (last week it was at $ 10110 per day). The route S7 was also down by 1.46 pct  closed at $ 5725 per day (last week was at  $ 5810 per day) . The market seems to be weak this week and the freights from Indonesia to India also to be soft next week.

The congestion in EC Australia increased to 79 vessels this week (last week 67 vessels).  The vessels waiting at main coal loading ports were at Haypoint/4, DBCT/17, Gladstone/17, Abbot Point/2, New Castle/33, Port Kembla/2 vessels.

The Brent crude oil prices was down by 3.59 pct and closed at $ 107.16  per barrel (last week  $ 111.15 per barrel). The bunker prices closed higher at $ 595.00  (last week $ 600.50 pmt) for IFO 380 cst ex Singapore on 6th Dec 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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Sunday, 23 September 12
INDIA IMPORTED 11.40 PERCENT MORE INDONESIAN COAL IN AUGUST
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped  26,451,565* tons of coal in August 2012, compared to 27.88* mill ...


Saturday, 22 September 12
SOFT BUNKER PRICES KEEP INDONESIA TO INDIA FREIGHTS STABLE - VISTAAR
COALspot.com - The freight market overall remained buoyant with all indices up except for Panamax index. The main effect seems to be increased shipm ...


Friday, 21 September 12
SHIP BREAKING ACTIVITY REACHES NEW RECORDS, AS ALREADY 2012 LEVELS HAVE SURPASSED THE WHOLE OF 2011 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The vast oversupply of vessels, most notably in the dry bulk shipping sector, has forced ship owners to intensify their efforts towards recycling th ...


Thursday, 20 September 12
SUPRAMAX : INDO-INDIA ROUNDS WERE AROUND USD 12K - FEARNLEYS
Handy Not a bad week for Supramax tonnage, if we compare Supramax developments to the bigger size tonnage. The rates have basically remained unchan ...


Thursday, 20 September 12
DRY BULK INCHES FORWARD AFTER WEEKS OF BELOW PAR PERFORMANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has started to revive from its ashed, as the past couple of days, traders have reported an increased activity from China, result ...


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