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Monday, 22 May 17
THE SHIPPING INDEX DECLINES AGAIN
PanamaxCOALspot.com: The Freight market again decline this past week, as BDI and all other indexes show a negative trend week over week.

The Baltic Exchange, tracking rates for ships carrying dry bulk commodities declined this past week and ending on a negative note week over week. The BDI was down by 5.72% from the last week and Cape Index down 3.3% or decreased 57 points week over week.

The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of global supply and demand for shipping of commodities was reported decreased 5.72%  week over week and ended at 956 points on 19 May 2017. The index peaked at 11,793 points in May 2008.

The Cape Index was down by 3.3% week over week. The BCI declined 57points to 1668 on 19 May 2017. The Panamax index (BPI) was also decreased (12.3%) week over week.

The Supramax index (BSI) declined slightly 3.82% to 759 points on 19 May 2017, compared to 784 points on 12 May 2017. The handy size index was also declined 1.37% and the index was closed at 502 points for the same period.

According to Vistaar India, this past week’s daily average earnings for Supramax, for the route Indonesia to India passing through Singapore has stayed flat/firm week over week, owners were rating at around US$ 9000 - 9500 per day,  while the Panamax vessels rated at around $ 10,000-10,500 per day delivery Shanghai area.

Vistaar further noted that the futures for three years (2017-2020) for the ships were reported slightly higher than the current spot rates that ships were earning. The Cape-size ships were at US$ 15,000 per day, the Panamax at US$ 11,000 per day, Supramax at US$ 9,000 per day and Handysize at US$ 8,000 per day.

The freight rates are expected to be flat to soft this week, says Vistaar India.

The Brent crude oil price was closed at $53.61 per barrel 5.45% higher than the same period last week.

The bunker prices were closed at $318.50 pmt (IFO 380 CST ex. Singapore on 19 May 2017). The IFO 380 bunker price rose 3.91 percent week over week while fell 7.94 percent Year to Date. The IFO 380 bunker price has increased 39.69% compared to same period last year (20 May 2016).

Baltic Dry Index (BDI) - DOWN
Cape index (BCI) -  DOWN
Panamax index (BPI) - DOWN
Supramax index (BSI) - DOWN
Handy index - 
DOWN  
(as of week ended 19 May 2017 (week on week changes)


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)

Disclaimer:
The information provided by Vistaar Shipping Services (India) Private Ltd , India 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. Vistaar Shipping Services (India) Private Ltd, 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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Wednesday, 17 May 17
THE CHINESE IMPORTS ARE A BAROMETER FOR VESSEL UTILIZATION - INTERMODAL
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Monday, 15 May 17
THE PORT OF NEWCASTLE HAS SHIPPED 0.99 PERCENT LESS COAL IN APRIL 2017
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Monday, 15 May 17
THE CAPESIZE INDEX ROSE SIGNIFICANTLY THIS PAST WEEK COMPARED TO PREVIOUS WEEK
COALspot.com: The Freight market slightly up this past week, as BDI and Cape shows a positive trend week over week. The Baltic Exchange, track ...


Friday, 12 May 17
U.S. COAL PRODUCTION DOWN AGAIN WEEK OVER WEEK - EIA
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Friday, 12 May 17
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Supramax In the Atlantic, only USG were showing some improvement, where pet-coke cargoes to India was fixed in the range of 19-23k daily and to C ...


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