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Sunday, 10 February 13
HIGHER BUNKER PRICE PUSHES SEA FREIGHTS FIRM - REDDY


COALspot.com - The freight market was soft and all at same levels with Chinese year holidays next week.

The BDI was slightly down by 0.27 pct ad closed at 748 points. However the cape and panamax indices were slightly up and closed at 1461 points (up by 0.48 pct) and 723 points (up by 8.89 points) respectively. The Supramax and handy size indices closed at 669 points (down by 1.91 pct) and 421 points (down by 6.24 pct) respectively. The freight market expected to be soft to flat next week with expected less activity due to Chinese New year holidays.

The freight rates from Indonesia to India was soft and ships were being fixed at around US$ 7000 + ballast bonus US$ 70,000 arrival Kalimantan. However the bunker prices have been firming up and is around US$ 660 pmt (380 cst) which is keeping the freight rates firm.

The iron ore demand seems to be good and the prices holding up with indication that cape and panama index remaining positive. The coal demand from India seems to have picked up and likely to be firm coming weeks.

The average charter rates was at Cape / US$ 7,344 per day , Panamax / US$ 5,748 per day , Supramax / US$ 6,995 per day and Handy size / US$ 6,281 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$ 9,250 per day and Handy size/US$ 8,000 per day.

The supramax index in the far east (S8 route) was soft and fell 3.07 pct closing at US$ 5,743 per day (last week US$ 5,925 per day) .The route S7 was also fell 1.38 pct closing at US$ 3,933 per day (Last week US$ 3,988 per day) .  The freight market in this sector is expected to be steady / soft  this week.

The congestion in EC Australia was at 79 vessels this week (last week 85 vessels).  The vessels waiting at main coal loading ports were at Hay point / 4, DBCT / 11, Gladstone / 36, Abbot Point / 1, New Castle / 19, Port Kembla / 8 vessels.

The Brent crude oil prices was slightly up by 3.07 pct and closed at US$ 118.90 per barrel (last week US$ 116.76  per barrel). The bunker prices was up by almost US$ 20 pmt and closed at US$ 660.50 pmt (IFO 380 cst ex Singapore on 8th  Feb 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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Monday, 15 April 13
SUB - BIT INDONESIA COAL SWAP SHOWS POSITIVE TREND
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Saturday, 13 April 13
THE FREIGHT MARKETS EXPECTED TO HOLD FIRM NEXT WEEK - CAPT. REDDY
COALspot.com - This freight market firmed up this week and all sectors were up except for Supramax index. The BDI was up by 1.62 pct closing at 8 ...


Friday, 12 April 13
DRY BULK SHIP OWNERS DEVELOPED NEWFOUND APPETITE FOR BULKERS DURING FIRST QUARTER OF 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It's official; more and more ship owners operating in the dry bulk market appear to have developed a newfound optimism in the market's prospects. ...


Thursday, 11 April 13
HANDY: INDO - INDIA NOW BEEN REPORTED AT APS BASIS AT USD 10K+BB 85K - FEARNLEYS
Handy The Atlantic markets remain with not many cargoes seen this week. The USG-Feast was at USD 18k and Black Sea-Feast was at USD 12k. The Pacifi ...


Thursday, 11 April 13
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COALspot.com - Newcastle port in Australia has loaded 2,545,914 tons of thermal and coking coal for week ended  0700 hours 8 April 2013, Newcas ...


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