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Sunday, 17 February 13
STEEL DEMAND WILL HELP TO PUSH UP FREIGHT RATES - VISTAAR


COALspot.com - This freight market has been fairly steady week ended 15 February 2013.

The BDI was slightly up by 0.67 pct closing at 753 points while the cape index was slightly down by 1.85 pct closing at 1434 points. The panamax index saw a big jump which was increased by 15.08 points closed at 832 points. The supramax index was almost at same levels closed at 672 points (up by 0.45 points) and the handy size was down closed at 412 points (down by 2.14 pct) W/E 16 February 2013.

The market seemed to have remained fairly steady this week with the Chinese New year Holidays. With expected increased steel demand, the freight market is expected to be steady/firm next few weeks.

The average charter rates was at Cape/$ 6750 per day , Panamax/$ 6626 per day , Supramax/$ 7028 per day and Handy size/$ 6138 per day.

The futures for three years (2013-2015) were at around Cape/$ 13500 per day, Panamax/$ 8500 per day, Supramax/$ 9250 per day , Handy size/$ 8000 per day.

The supramax index in the far east (S8 route) was soft and down  by 0.36 pct closed at $ 5722 per day (last week $ 5743 per day) on 16 February 2013 .The route S7 was slightly up by 0.58 pct and closed at $ 3956 per day (Last week $ 3933 per day) for the same period. The freight market in this sector is expected to be steady/soft next week.

The Brent crude oil prices was slightly up by 3.07 pct and closed at $ 117.66 per barrel (last week $ 118.90  per barrel). The bunker prices was at same levels as last week closed at $ 660.50 pmt (IFO 380 cst ex Singapore on 15th 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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Recent News

Tuesday, 05 February 13
CHALLENGER DEEP RESOURCES CORP HAS ENTERED INTO AN EXCLUSIVE MINING AND MARKETING AGREEMENT WITH KEM
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, PT Bestindo Energy, has entered into an Exclusivity Agreement r ...


Saturday, 02 February 13
ADARO TO INTRODUCE A NEW BRAND OF ENVIROCOAL, E4700, IN 2013
COALspot.com - Adaro Energy, an Indonesian and leading coal producer in country  has achieved a record coal production during 4Q12 of 13.31 mil ...


Saturday, 02 February 13
FREIGHT MARKET MAY REBOUND AFTER CHINESE NEW YEAR - VISTAAR
COALspot.com - The freight market was soft and all the indices were down by around 5-7 pct this week. The BDI was down 6.01 pct closing at 750 po ...


Friday, 01 February 13
ORPHEUS SELLS B26 COAL PROJECTS FOR US$ 2 MILLION TO FOCUS ON SOUTH KALIMANTAN
COALspot.com - Orpheus Energy Limited (ASX: OEG) has announced that it has sold its 51 percent equity stake in the East Kalimantan coal projects, Bl ...


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 ...


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