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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

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,  ...


Sunday, 10 March 13
INDONESIA'S FORESTRY DEPARTMENT IS TO INCREASE BORROW-TO-USE PERMITS (IJIN PINJAM PAKAI) FEE SOON
COALspot.com : Indonesia to increase borrows-to-use permit fees by 33.33 percent. The government of Indonesia is planning to increase the state&rsqu ...


Friday, 08 March 13
EKO SANTOSO BUDIANTO APPOINTED AS PRESDIENT DIRECTOR OF BERAU COAL ENERGY
COALspot.com - PT Berau Coal Energy has appointed Eko Santoso Budianto as new president director, replacing Rosan Roeslani. Berau’s extraordin ...


Friday, 08 March 13
INDONESIAN HBA UP FOR FIVE CONSECUTIVE MONTHS
COALspot.com -  The Indonesian government has declared bench mark price for coal has moved upwards in March 2013. The monthly coal reference ...


Friday, 08 March 13
DRY BULK MARKET ON A RISING TREND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its rising pattern set after China opened up again for business, following the Asian New Year Holidays. As a resul ...


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