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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, 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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