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Monday, 29 January 18
BALTIC INDEX GAINS ON STRONGER BIG VESSEL ACTIVITY
PanamaxCOALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week and ending on a positive note week over week. The BDI was up by 8.35 per cent from the last week and Panamax Index was up 11.93 per cent or increased 159 points in a week.

The Cape Index was up by 18.69 per cent week over week. The BCI increased 279 points week over week to 1772 on 26 January 2018.

The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of global supply and demand for shipping of commodities was reported an increase of 8.35% week over week and ended at 1219 points on 26 January 2018. The index peaked at 11,793 points in May 2008.

The daily average earnings for Supramax, for the route Indonesia to India passing through Singapore has stayed steady, week over week, owners were rating at around US$ 8,000 -  8,500 per day, while the Panamax vessels were rated at around $ 12,000 per day delivery Shanghai area, says Vistaar Shipping Services India.

The freight market was continued firm in all segments week over week.

According to Vistaar, the futures for three years (2018-2020), the Cape-size ships were at US$ 17500 per day, the Panamax at US$ 10,500 per day, Supramax at US$ 10,500 per day and Handy size at US$ 8700 per day.

According to Vistaar, the freight rates are expected to be steady to firm this week.

The Brent crude oil price was closed at $70.52 per barrel 2.78% higher than the same period last week.

According to ship & bunker, the bunker prices were closed at $ 400 pmt (IFO 380 CST ex. Singapore on 26 January 2018). IFO 380 Prices up 1.65 per cent week over week, up 4.03% month over month and up 21.02% year on year.

Baltic Dry Index (BDI) - UP
Cape index (BCI) -  UP
Panamax index (BPI) - UP
Supramax index (BSI) - DOWN
Handy index - DOWN  
(as of week ended 26 January 2018 (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 the 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 or services that may appear in this report.


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Recent News

Thursday, 04 January 18
SUPRAMAX: INDO TO CHINA WERE FIXED AT AROUND $8K DAILY; DOWN AROUND 27% WOW
Supramax Q1 kicked off with an usual standby with all counterparts waiting for the market to take direction. Further holidays in East-Europe adde ...


Wednesday, 03 January 18
KOMIPO TO BUY 130K TONS OF MIN. 5700 NAR COAL FOR FEB 2018 LOADING
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 130k Metric Tons of min. 5700 NAR coal to be burnt a ...


Friday, 29 December 17
PORT OF NEWCASTLE SHIPPED A$ 1.527 BILLION WORTH OF 12.65 MT OF COAL IN NOVEMBER
COALspot.com: The Port of Newcastle, Australia’s major trading ports, and the world’s largest coal export port has shipped $AU 1527.6 M ...


Friday, 29 December 17
U.S WEEKLY COAL PRODUCTION SLIGHTLY UP FOR THE WEEK ENDING 23 DEC, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.5 million short tons ...


Wednesday, 27 December 17
SULPHUR EMISSIONS: THE OUTSTANDING CHALLENGES - UK P&I CLUB
The International Maritime Organization (IMO) has been working to reduce the harmful impacts of shipping on the environment. It adopted Annex ...


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