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Sunday, 17 March 13
COAL FREIGHT RATES STEADY ON HIGHER DEMAND - CAPT. REDDY


COALspot.com - This freight market continued to remain firm in all segments.

The BDI was up by 5.81 pct closing at 892 points. Cape index was up by 2.93 pct closing at 1299 points. The panamax index was holding and was up by 3.38 pct closing at 1162 points.  The supramax and had size indices were up closing at 925 points (up by 7.06 pct) and 506 points (up by 4.76 pct) respectively.

With the iron ore demand softening the capsize charter rates are expected to be soft. The panama and supramax charter rates expected to reaming firm/steady next week.

The average charter rates was at Cape/US$ 4,923 per day , Panamax/US$ 9,296 per day , Supramax/US$ 9,677 per day and Handy size/US$ 7,536 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 12.03 pct and closed at US$ 9,640 per day (last week US$ 8,605 per day) .The route S7 was also sharply up by 14.09 pct closing at US$ 7,393 per day (Last week US$ 6,480 per day) .  The freight market in this sector is expected to be steady/firm next week.

The Brent crude oil prices slightly fell and closed at US$ 109.82 per barrel (last week US$ 110.85 per barrel). The bunker prices was lower  and closed at US$ 632.00 pmt (IFO 380 cst ex Singapore on 15th 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

Saturday, 23 March 13
WORLD COAL TRADE FIRST PASSES 1 BILLION TONS IN 2012 - VEREIN DER KOHLENIMPORTEURE E.V
Press Release: Hard coal imports to Germany on the previous year's level in spite of regenerative energies. Imports for power plants at an all-time ...


Thursday, 21 March 13
HANDY : RBCT ROUNDS FIXED AT $ 9000 + 300K BB - FEARNRESEARCH
Handy The Atlantic market remains firm with cargoes seen to support healthy rates as per last week. The USG-Feast was at USD 25k and Black Sea-Feas ...


Wednesday, 20 March 13
NTPC TO IMPORT SEVEN MILLION TONS COAL FOR FOUR MONTHS
COALspot.com : NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company has awarded&n ...


Tuesday, 19 March 13
CHINA GAS PRICE REFORMS AND APAC GAS PRICING - FITCH STREET VIEW
Fitch Ratings says pricing reform in the Chinese gas sector is unlikely to materially impact gas distributors' margins, and low gas prices in the U ...


Tuesday, 19 March 13
NEWCASTLE COAL EXPORTS FALL BY 4.27 PERCENT ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,365,561 MT of thermal and coking coal for week ended  0700 hours 18 March 2013, Newcast ...


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