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Saturday, 22 February 14
SHIPPING POISED TO RALLY AFTER SEVERAL WEEKS OF DROP


COALspot.com: The freight market was steady to firm with the dry bulk index up by 6.24 pct closing at 1,175 points week on week and the cape index was also up by 9.46 pct closing at 1,701 points for the same period.

The panamax index was a bit soft down by 5.11 pct closing at 1,244 points week ended 21 February 2014. The Supramax index was firm up by 10.02 pct closing at 1,098 points. The handy size index was almost steady up by only 0.89 pct closing at 677 points.

In the far east/SE Asia the charter rates on supramax firmed up and most vessels were rating around US$ 10000 per day DOP Mid China and generally the freight market from Indonesia to India and china had firmed up. The freight rates expected to remain firm tomorrow also.

The average charter rates was at Cape/US$ 10,144 per day , Panamax/US$ 10,000 per day , Supramax/US$ 11,476 per day and Handy size/US$ 9,805 per day.

The futures for three years (2014-2016) was at around Cape/US$ 22,000 per day, Panamax/US$ 13,000 per day, Supramax/US$ 12,500 per day , Handy size/US$ 10,000 per day.

The route S8 route was sharply up this week (increased 38 pct ) closing at US$ 10,489 per day (last week US$ 7,600 per day ) and the freights rates have been up from Indonesia to India.

The Brent crude oil prices was almost at same levels and closed at US$ 109.85 per barrel (last week US$ 109.08 per barrel). The bunker prices was steady and closed at 617.00 pmt (IFO 380 cst ex Singapore on  21 Feb 2014).

Baltic Dry Index  - UP
Cape index - UP
Panamax index - DOWN
Supramax index - UP
Handy index: - UP
(as of week ended 21 Feb 2014 (week on week)) 

Click here for Solym Singapore's forecasts (terms & conditions apply) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)

The information provided by SOLYM Carriers Pte Ltd, Singapore in this report is provided for information purposes only. No claim is made as to accuracy of the content in this report at any time. Solym Carriers Pte Ltd, Singapore and their Group companies or Subsidiaries do not accept any liability to any person or Company for the information provided in this report. No responsibility is taken for any information of services that may appear in this report.



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Recent News

Sunday, 02 March 14
THE FREIGHT MARKET WAS STEADY TO FIRM THIS PAST WEEK - CAPT. REDDY
COALspot.com: The freight market was steady to firm this past week. The BDI was up 7.06 pct and closed at 1258 points and the cape index was also fi ...


Friday, 28 February 14
PTBA TO INCREASE ITS COAL TERMINAL'S LOADING CAPACITY TO 25 MILLION TONS PER ANNUM BY JULY 2014
COALspot.com: PT. Bukit Asam (PTBA), the Indonesian government owned coal miner operates several coal mining units in Sumatera as well as in Kaliman ...


Friday, 28 February 14
U.S PRODUCED 1.9% LESS COAL WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...


Friday, 28 February 14
DRY BULK MARKET SLOWLY BUT STEADILY FINDS ITS FOOTING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, hit by the low seasonal demand which is a typical characteristic of the first quarter of each year, is beginning to emerge from ...


Thursday, 27 February 14
PANAMAX : MARKET CONTINUED TO DECLINE IN THE ATLANTIC
Handy The Atlantic handy/supra market experienced a downward trend this week but not a dramatic one. TA rates are down around USD 800 w-o-w lead b ...


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