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Sunday, 16 December 12
FREIGHT TREND SOFTENED THIS WEEK - VISTAAR


COALspot.com - The freight market further softened this week and closed at 784 points (down by 18.84 pct).  The cape index had the biggest fall which was down by 21.40 pct closed at 1,440 points. The panamax also continued to fall and was down by10.36 percent closed at 839 points . The supramax and handy size indices also  fell slightly and closed at 745 points (down by 1.97 pct) and 443 points (down by 0.89 pct) respectively.

The short period rates for supramax was firm this week fixed around US$ 9500 per day, while the Panamax was fixed around US$ 8000 per day.

The average charter rates was at Cape / US$ 6,633 per day , Panamax / US$ 6,660 per day, Supramax / US$ 7,785 per day and Handy size / US$ 6,543 per day.

The futures for three years (2013-2015) was at around Cape / US$ 13,500 per day, Panamax / US$ 9,000 per day, Supramax / US$ 9,500 per day , Handy size / US$ 8,000 per day.

The supramax index in the far east (S8 route) was down by 4.86 percent and closed at US$ 9,295 per day (last week US$ 9770 per day). The route S7 was also down by 4.49 percent  closed at US$ 5,468 per day (last week US$ 5,725 per day) . The freight market is expected to be steady this 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 Hay point/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 US$ 108.15 per barrel (last week  US$ 107.16 per barrel). The bunker prices closed higher at US$ 600.00  (last week US$ 595.00 pmt) for IFO 380 cst ex.Singapore on 14th 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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Recent News

Tuesday, 04 December 12
NEWCASTLE PORT SHIPPED 55.88 PERCENT MORE COAL W/E 3 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,796,341 MT of thermal and coking coal for week ended  0700 hours 3 December 2012, Newca ...


Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1  2013 delivery gained 2.87 & 0.83 percent MoM and WoW  respectively ...


Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR
COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer. The BDI was down 0.37 pct closing at 1,086 ...


Friday, 30 November 12
FUTURE TREND OF SECOND HAND SHIP VALUES PUZZLING SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the major challenges that ship owners are facing today is whether or not to invest in a second hand vessel at any given time. For instance, i ...


Friday, 30 November 12
IS INDONESIAN COAL INDUSTRY DEPENDS HEAVILY ON INDIA AND CHINA?
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped  35,143,587* tons of coal in October 2012. October exports are 19 ...


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