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Monday, 29 February 16
BALTIC INDEX INCHES UP THIS PAST WEEK AS SMALLER VESSELS LEND SUPPORT
PanamaxCOALspot.com: The freight markets rose slightly this past week.

The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of global supply and demand for shipping of commodities up 3.81% week over week to 327 points on 26 February 2016. The index peaked at 11,793 in May 2008.

The Cape Index fell 14.5% week over week or down only 30 points. The BCI closed 177 points on 26 February 2016.

The Panamax index (BPI) was down 0.85% to 352 points while the Supramax index (BSI) was rose 16.43% to 333 points, compared to 286 points on 19 February 2016.

The handy size index was also up 7.07% to 212 points on 26 February 2016.

Average daily earnings for Supramax, for the route Indonesia to India (passing Singapore) rated at around $ 4500 per day this past week, while the Panamax vessels rated at around $ 3500 - 4000 per day delivery South China / Hong Kong range.

The freight rates are expected to be steady this week.

The Cape average charter rates were reported at around US$2,396 per day and Panamax’s was reported at around US$2,823 per day. The Supramax’s average charters rates were at around  $3,481per day and Handy size ships were at $3,146per day.

The futures for three years (2016-2018) for the ships were reported higher than the current spot rates the ship were earning.  The Cape size ships were at US$ 8000 per day, Panamax at US$ 6000 per day, Supramax at US$ 6000 per day and Handy size at US$ 5000 per day.

The S8 route charter rates for Supramax up 12.68 percent week over week to $2,532 per day on Friday 26 February 2016. Indonesia to India freight rates are expected to be firm / steady this week.

The Brent crude oil prices was up 6.33% closing at $ 35.10 per barrel (as on 26 Feb 2016 was $ 33.01 per barrel). The bunker prices were  almost at same levels closing at $153.50 pmt (IFO 380 cst ex Singapore on 26th Feb 2016).


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Recent News

Thursday, 31 March 16
CAPE: ANOTHER UNEVENTFUL WEEK WITH FIXTURES CONCLUDED AT LAST DONE LEVELS - FEARNLEYS
Cape Another uneventful week with fixtures concluded at last done levels, CS levels remain around the USD 3 mark, whilst C3 is still just short o ...


Wednesday, 30 March 16
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA TO REVISE METHODOLOGY TO DETERMINE THE SELLING PRICE OF COAL TO MINE-MOUTH POWER PLANTS
COALspot.com: Ministry of Energy and Mineral Resources (ESDM) of Indonesia to review to revise methodology to determine the selling price of co ...


Wednesday, 30 March 16
VALEMAXES: THE BIGGEST NIGHTMARE OF TODAY'S DRY BULK MARKET - INTERMODAL
At a time that Europe is still dealing with the aftermath of the terrorist attacks in Brussels our society is daily bombarded with news of terroris ...


Tuesday, 29 March 16
BULK CARRIER VENTILATION - CAPTAIN PAUL R. WALTON
KNOWLEDGE TO ELEVATE Moisture damage is a source of many cargo claims. Claimants allege that it is brought about by the ship’s failure t ...


Monday, 28 March 16
INDONESIAN WEEKLY CS50 COAL INDEX CLOSED SLIGHTLY FIRM; CS 57 INDEX CLOSED WEAK
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.03 percent week over week to averaging $38.91 per ton on this past Thursday, ...


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