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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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Tuesday, 19 March 13
SHIP PRICES COULD BE CLOSING IN TO REACH THEIR BOTTOM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the latest developments in shipping asset prices has been the reluctance from shipyards to further reduce their price expectations to higher ...


Sunday, 17 March 13
A WEAK WEEK FOR SUB-BIT INDONESIA COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 2.11 percent and CFR South China coal shipment  ...


Friday, 15 March 13
CHEAP SHIP VALUATIONS DON'T NECESSARILY MEAN ATTRACTIVE SAYS VESSELS VALUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship prices plunging by double-digits in the past few years, many ship owners are pondering their next moves in a market often described as att ...


Thursday, 14 March 13
SUPRAMAX : INDO - INDIA TRIP RATE IS AROUND $10,000; SOUTH CHINA $9500 - FEARNRESEARCH
Handy Indian market is still quiet in respect of export of iron ore. WC India market has improved with a few stems out of the MEG, WC India opening ...


Thursday, 14 March 13
DRY BULK MARKET KEEPS ON RISING MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry ...


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