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Sunday, 15 June 14
COAL FREIGHT RATES FALL FURTHER ON LACK OF DEMANDS - CAPT. REDDY

COALspot.com: The BDI softened this week as all segments fell this week. The Panamax sector being most affected. The Cape index was down 3.51 pct week on week and closed at 1730 points. The Panamax index was lost almost 20 points and closed at 582 points while the Supramax index was down 6.73 pc closed at 748 points for the same period. The Handysize index lost 4.57 pct and closed at 459 points.

In the Far East/SE Asia, the charter rates for supramax was soft and Supramaxes were reported fixed at around US$ 11,000 per day delivery Indonesia for a trip to India. Panamax rates were also weak this week with charter rates around US$ 6,000 for a trip to India. Freight rates expected to be flat to weak next week too.

The average charter rate was at Cape/US$ 13,050 per day , Panamax/US$ 4,670 per day , Supramax/US$ 7,822 per day and Handy size/US$ 6,833 per day.

The futures for three years (2015-2017) was at around Cape/US$ 20,000 per day, Panamax/US$ 11,000 per day, Supramax/US$ 11,000 per day , Handysize/US$ 10,000 per day.

The route S8 route continued to soften and was down by 12.01 pct closing at US$ 7,072 per day (last week US$ 8,038 per day). Freight rates from Indonesia to India is expected to be flat to soft.

The Brent crude oil prices firmed up due to Iraq unrest and was up by 4.24 pct closing at 113.41per barrel (last week US$ 108.79 per barrel). The bunker prices also  firmed and closed at US$ 614.00 pmt (IFO 380 cst ex Singapore on 13th June 2014).

Baltic Dry Index  - DOWN
Cape index - DOWN
Panamax index - DOWN
Supramax index - DOWN
Handy index: - DOWN
(as of week ended 13 June 2014 (week on week))

Click here
for Vistaar Shipping Services (India) Private Ltd forecasts (subject to terms, conditions & Disclaimer clauses) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)



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Recent News

Thursday, 08 May 14
INDONESIAN COAL PRICE REFERENCE IN MAY CRASHES THROUGH $74
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has revised down again the coal bench mark price by US$ 1.21 / MT to ...


Wednesday, 07 May 14
THE DRY BULK MARKET HAS NOTED ANOTHER WEEKLY POSITIVE GAIN
Chartering (Wet: Softer- / Dry: Stable+) The Dry Bulk market has noted another weekly positive gain, driven by the Capesize segment, but we ne ...


Wednesday, 07 May 14
SGX ENHANCES ITS COMMODITIES PRODUCT OFFERING
COALspot.com: SGX is building up its bulk commodity product offerings with 9 more derivative contracts over the next 2 months, subject to regula ...


Tuesday, 06 May 14
NEWCASTLE COAL EXPORT SLIPS 7.92% WEEK ON WEEK
COALspot.com: In the week ended 07:00 hours 5 May 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland ...


Monday, 05 May 14
HUANENG CLEAN ENERGY RESEARCH INSTITUTE HAS CONFIRMED TO SPEAK AT CCF2014
Press Release: Produced by CDMC Events, The 13th Clean Coal Forum 2014 will be held on June 12,13, 2014 in Beijing, China. We are glad to invite ...


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