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Sunday, 28 April 13
PANAMAX FREIGHT COULD BE SOFT NEXT WEEK - CAPT. REDDY


COALspot.com - This BDI closed slightly lower at 871 points (down by 1.91 pct)  mainly due to drop in the Panamax index by almost 10 pct.

The Cape index  was almost steady up by 0.97 pct closing at 1,246 points. The Panamax saw the big drop of 9.53 pct closing at 1,082 points. The Supramax and Handy size index was almost at same levels closing at 900 points (down by 0.22 points) and 545 points (up by 1.11 pct ) respectively.

The charter rates for Indonesia to India was steady/firm and the Supramax rates are likely to hold for next week also. However the Panamax freight could be soft next week.

The average charter rates was at Cape/US$ 4,602 per day , Panamax/US$ 8,644 per day , Supramax/US$ 9,409 per day and Handy size/US$ 8,051 per day.

The futures for three years (2013-2015) was at around Cape/US$ 14,000 per day, Panamax/US$ 10,000 per day, Supramax/US$ 10,000 per day , Handy size/US$ 9,000 per day.

The supramax index in the feast (S8 route) was up by 3.44 pct and closed at 8,890 per day (last week US$ 8,594 per day) .The route S7 was at same levels closing at US$ 7,875 per day (Last week US$ 7,875 per day) .  The freight market in this sector is expected to be steady/firm this week.

The Brent crude oil prices was up by 3.52 pct closing at US$ 103.16 per barrel (last week US$ 99.65 per barrel). The bunker prices was also lower closing at same levels and closed at US$ 614.00 pmt (IFO 380 cst ex Singapore on 26th April 2013).

Baltic Dry Index : Down
Cape index: Up
Panamax index : Down
Supramax index: Down
( as of 26 April 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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Friday, 15 February 13
SCRAPPING TO RISE AS BULKER OWNERS SUFFER - DREWRY MARITIME RESEARCH
Drewry's latest Dry Bulk Forecaster report suggests that cash-strapped shipowners will scrap younger and younger ships this year as the dry bulk ma ...


Thursday, 14 February 13
HANDY: ATLANTIC "STABLE"; PACIFIC "QUIET" - FEARNLEYS
Handy The Atlantic remain stable with rates for FH from USG around USD 18k. The Pacific remains quiet due to Chinese New Year holidays. Rates were ...


Thursday, 14 February 13
BIMCO FORECASTS MOSTLY HIGHER DRY BULK RATES FOR THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Higher steel demand is expected to keep dry bulk rates elevated during the next six weeks, according to the latest BIMCO forecast. The Organization ...


Wednesday, 13 February 13
6TH ANNUAL CBM CONFERENCE
The 6th Annual CBM conference which will be held in Singapore on 18-21 June 201 offers comprehensive insights into leading CBM projects in the Asia- ...


Tuesday, 12 February 13
GOVERNMENT DECLARED INDONESIAN THERMAL COAL PRICE INCHES UP IN FEBRUARY
COALspot.com -  The Indonesian government has declared bench mark price for coal has moved upwards in February 2013. The monthly coal refere ...


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