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Saturday, 27 June 15
THE FREIGHT MARKET WAS STEADY EARLIER IN THE WEEK; SOFTEN INTO WEEK'S END
PanamaxCOALspot.com: The freight market remain steady earlier in the week, but towards end of the week BDI and BCI shows some signs of softening.

The BDI was up 5.65 pct week over week and ended at 823 points while the Cape index was up 12.25 pct and closed at 1393 points for the same period.  In the meantime, the Panamax index was up slightly or advanced 2.11 pct to 833 points while the  Supramax index was almost at same levels compared to last week closing.

The handy size index was also up slightly or 1.97 pct week on week.

In the Far East/SE Asia, the freight rate was steady with supramax charter rates delivery Singapore was around US$ 9000-9500 per day for a trip via Indonesia to India. Owners were demanding a premium for a trip to WC India.  The Panamax charter rates were also firm this week and ships were rating around US$ 6000 per day delivery mid china for a trip via Indonesia to India. The next week freight rates are expected to be steady.

The average charter rate for Cape was at around US$ 9154 per day this week, Panamax was at US$ 6644 per day, Supramax was at around US$ 7555 per day and Handy size was at US$ 5361 per day.

The three years future (2015-2017) was at around US$ 13000 per day for Cape, US$ 8500 per day for Panamax, US$ 8500 per day for Supramax  and US$ 7500 per day Handy size ships.

The S8 route for Supramax was flat this week or just up 0.74 pct closing at US$ 7031 per day (last week US$ 6979 per day). The Indonesia to India freight is expected to be steady next week.

The Brent crude oil prices was almost steady just up by 0.36 pct closing at US$ 63.26 per barrel (last week US$ 63.02 per barrel).

The bunker prices was soft and closed at US$ 338.00 pmt (IFO 380 cst ex Singapore on 26th June 2015).


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Recent News

Monday, 08 June 15
SHIPPING FLEET GROWTH HAS STARTED TO SLOW DOWN, AS NEWBUILDINGS AMOUNT TO JUST 329 SHIPS OF ALL TYPES SINCE THE START OF 2015 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Challenging market conditions have led to the inevitable reconsideration of ship owners’ priorities. Uncertainty has been the norm over the p ...


Monday, 08 June 15
API 5 FOB NEWCASTLE COAL SWAPS ADVANCED M-O-M AND W-O-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery increased US$ 0.65 per MT (1.44%) month over month to US$ 45.65 per mt. The ...


Monday, 08 June 15
Q3'15 CFR SOUTH CHINA COAL SWAP ADVANCED 3.51% TO $52.48 PMT THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery rose US$ 1.78 (3.51%) per MT month over month. A commodity swap is a ...


Sunday, 07 June 15
PANAMAX INDEX ROSE OVER 13% THIS WEEK
COALspot.com: The freight market was up on all segments this past week. The BDI was advanced 3.56% and closed at 610 points. The Cape Index was cli ...


Friday, 05 June 15
U.S PRODUCED 15.1 MMST OF COAL THIS PAST WEEK; LESS 20.7% COMPARED TO SAME PERIOD IN 2014
COALspot.com – United States the second largest coal producer in the world has produced approximately totalled an estimated 15.1 million shor ...


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