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Sunday, 20 January 13
S7 & S8 ROUTE FREIGHT TREND IS EXPECTED TO BE FLAT TO SOFT THIS WEEK - VISTAAR


COALspot.com - The freight market was fairly steady with all the indices BDI up by 9.21 pct closing at 837 points. The Cape index was also sharply up by 17.41 pct closed at 1605 points. However the Panamax and supramax indices were closed lower at 740 points (down by 4.14 pct) and 730 points (down by 0.81 pct) respectively. The handy size index was up by 4.91 pct closed at 470 points.

The demand for iron ore continued to be firm which was the reason for increase in cape index. However expect that the market could soften coming days as Chinese New Year approaching.

The freight rates from Indonesia to India was soft and ships were being fixed at around US$ 8000 + ballast bonus US$ 110000 arrival Kalimantan.

The average charter rates were at Cape/US$ 8990 Per day , Panamax/US$ 5860 Per day , Supramax/US$ 7635 Per day and Handysize/US$ 7012 Per day.

The futures for three years (2013-2015) was at around Cape/US$ 13500 Per day, Panamax/US$ 8500 Per day, Supramax/US$ 9500 Per day , Handysize/US$ 8000 Per day.

The supramax index in the Far East (S8 route) was soft and down  by 10.82 pct closing at US$ 6965 Per day(last week it was at US$ 7810 Per day) .The route S7 was also down by 8.78 pct closing at US$ 4395 Per day (Last week US$ 4818 Per day) .  The freight market in this sector is expected to be flat to soft  this week.

The congestion in EC Australia was at 65 vessels this week (last week 69 vessels).  The vessels waiting at main coal loading ports were at Haypoint/4, DBCT/15, Gladstone/24, Abbot Point/Nil, New Castle/19, Port Kembla/3 vessels.

The brent crude oil prices was slightly up and closed at US$ 111.76 per barrel (last week US$ 110.57  per barrel). The bunker prices was almost at same levels and closed at US$ 633.00 pmt (IFO 380 cst ex Singapore on 18th Jan 2013).

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, 15 January 13
2ND MYANMAR MINING SUMMIT & OFFICIAL HOST MINISTRY OF MINES TO WELCOME OVER 200 DELEGATES NEXT WEEK
Press Release: The Ministry of Mines is hosting the 2nd Myanmar Mining Summit in Yangon on 21-24 January to unravel the local mining climate, prospe ...


Monday, 14 January 13
NEWCASTLE PORT SHIPPED 2.32 PERCENT LESS COAL W/E 14 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 3,123,312 MT of thermal and coking coal for week ended  0700 hours 14 January 2013, Newca ...


Monday, 14 January 13
THE COAL MONGOLIA - 2013 OFFICIALLY IN COOPERATION WITH TOP MINING COMPANIES
Press Release: Mongolian first mining portal site Mining.mn has already started its preparation of the International Conference “COAL MONGOLIA ...


Monday, 14 January 13
NTPC INVITES BIDS FOR 500K MT OF IMPORTED COAL
COALspot.com - NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company called for a ...


Sunday, 13 January 13
THE FREIGHT MARKET: FAIRLY STEADY - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices up with maximum gain in the Panamax segment. The BDI was up by 7.65 pct clo ...


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