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Sunday, 10 March 13
INDIA - INDONESIA SUPRAMAX FREIGHT : FIRM TREND


COALspot.com – This week freight market was raised and remained firm in all segments.

The BDI was up by 6.70 pct closed at 843 points,  and the Cape index was up by 1.53 pct closed at 1262 points. The Panamax index remained firm and was up by 8.50 points closed at 1124 points on Friday. The Supra max saw the biggest gain this week up by 13.50 pct closing at 864 points. The handy size index was up by 8.05 pct closing at 483 points.

The Panamax market remained firm because of grain cargoes out of South America. There have been a good number of fixtures for Panamax period vessels and being fixed at almost  US$ 10,000 per day.

"The surpamax rates from Indonesia to India also showing a firm trend<" said, Capt. Reddy, Director of Vistaar Shipping Singapore.

The average charter rate was at Cape / US$ 4,483 per day, Panamax / US$ 8,994 per day, Supramax / US$ 9,038 per day and Handy size / US$ 7,193 per day.

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

The Supramax index in the far east (S8 route) was sharply up by 17.07 pct and closed at US$ 8,605 per day (last week US$ 7,350 per day) .The route S7 was also sharply up by 21.18 pct closing at US$ 6,480 per day (Last week US$ 5,347 per day).

According to Vistaar Shipping Singapore, the freight market in this sector (S7) is expected to be steady / firm next week.

The Brent crude oil prices nearly remained at same levels as last week and closed at US$ 110.85 per barrel (last week US$ 110.40  per barrel). The bunker price was closely steady and closed at US$ 636.00 pmt (IFO 380 CST. ex-Singapore on 8th March 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, 19 April 13
FIRST QUARTER OF 2013 PROVEN A POSITIVE SURPRISE FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite ominous predictions regarding the negative performance of the dry bulk market during the – traditionally weak anyway – first qua ...


Thursday, 18 April 13
HANDY: STABLE ; PANAMAX: BUSY WEEK - FEARNRESEARCH
Handy The Atlantic markets remain stable in this week. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 12k. The Pacific market is bit f ...


Thursday, 18 April 13
FEATURE: PREDICTING THE FUTURE - AND THE PAST - BIMCO
It’s not predicting the future that is problematical, it’s the realisation that you have to relive the past again and again when you fai ...


Wednesday, 17 April 13
INDONESIA SHIPPED 80 MILLION TONS OF COAL IN FIRST QUARTER - COAL DIRECTOR
COALspot.com - Indonesia has exported around 80 million tons of coal including power plant coal in first three months of this year. Speaking on t ...


Tuesday, 16 April 13
AUSTRALIAN NEWCASTLE PORT'S COAL EXPORTS JUMPED 20.87 PER CENT ON WEEK TO 3.07 MMT
COALspot.com - Newcastle port in Australia has loaded 3,077,431 tons of thermal and coking coal for week ended  0700 hours 15 April 2013, Newca ...


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