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Sunday, 27 January 13
FREIGHT MARKET: FLAT TO SOFT - VISTAAR


COALspot.com - The freight market was soft and all the indices were down except for handy size.

The BDI was down 4.66 pct closing at 798 points.. The Cape index was down by 5.29 pct closing at 1520 points . The panamax and supramax indices were also down and closed at 718 points ( down by 2.91 pct)  and 711 points ( down by 2.60 pct) respectively. The handy size index was up by 1.06 pct closing at 475 points.

The freight rates from Indonesia to India was soft and ships were being fixed at around US$ 7000 + ballast bonus US$ 100000 arrival Kalimantan.

The average charter rates were at Cape/US$ 7,922 per day , Panamax/US$ 5,690 per day , Supramax/US$ 7,426 per day and Handysize/US$ 7,094 per day.

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

The supramax index in the feast (S8 route) was soft and was down  by 10.22 pct closed at US$ 6,253 per day (last week it was at US$ 6,965 per day) .The route S7 was also down by 8.128 pct closed at US$ 4038 per day (Last week US$ 4,395 per day) .  The freight market in this sector is expected to be flat/soft  this week

The congestion in EC Australia was at 72 vessels this week (last week 65 vessels).  The vessels waiting at main coal loading ports were at Hay point/5, DBCT/15, Gladstone/20, Abbot Point/3, New Castle/26, Port Kembla/3 vessels.

The Brent crude oil prices was slightly up by 1.36 pct and closed at US$ 113.28 per barrel (last week US$ 111.76  per barrel). The bunker prices was almost at same levels and closed at US$ 631.50 pmt (IFO 380 CST ex Singapore on 25th 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

Friday, 01 February 13
HANDY - FLAT; PANAMAX - FLAT TO WEAK; CAPESIZE - WEAK
Handy The Atlantic market remained stable with no significant movement in rates. Rates from USG to FEast were around USD 17k and Black sea to Feast ...


Thursday, 31 January 13
DRY BULK RATES ON A FALLING PATTERN DUE TO ADVERSE WEATHER CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The seasonal factor has emerged as the latest catalyst in determining the course of the dry bulk market, as the floods in eastern Australia, the big ...


Thursday, 31 January 13
NEWCASTLE PORT SHIPPED 2.70 MMT OF COAL W/E 28 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 2,703,921 MT of thermal and coking coal for week ended  0700 hours 28 January 2013, Newca ...


Thursday, 31 January 13
MMTC TO IMPORT 2.68 MMT OF COAL FOR ARAVALI POWER CORPORATION LTD
COALspot.com: The tender floated by MMTC on behalf of Aravali Power Corporation Ltd, a Joint venture between NTPC and State of Haryana for supply of ...


Wednesday, 30 January 13
TNPL TO SECURE 300K MT OF IMPORTED COAL SUPPLIES AT US$ 75.95 PMT FOR MARCH - AUGUST 2013 DELIVERY
COALspot.com – Chennai  based Coastal Energy Private Limited (C&O Group of companies)  offered lowest price of US$ 75.95 per met ...


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