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Monday, 02 April 18
THE FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT, SAYS VISTAAR
PanamaxThe freight market softening to continue.  Thursday, March 29, 2018, the Baltic Dry Index decreased by 42 points, reaching 1080 points.

The Baltic Exchange, tracking rates for ships carrying dry bulk commodities fell this past week and ending on a negative note week over week. The capesize index was down 92 point and reached to 1065 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 3.74% week over week and ended at 1080 points on 29 March 2018. The index peaked at 11,793 points in May 2008.

The Cape Index was down by 7.95% week over week and the Panamax Index (BPI) fell 4.22 per cent followed by 2.5 per cent Supramax week over week.

The handy size index was slightly up week over week. Handy size Index up 1.4% and closed at 650 points .

According to Vistaar India, this past week’s daily average earnings for Supramax, for the route Indonesia to India has stayed firm, week over week, owners were rating at around US$ 11,500 per day delivery South china,  while the Panamax vessels were rated at around 12000-12500 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$ 18000 per day, the Panamax at US$ 13,500 per day, Supramax at US$ 12,500 per day and Handy size at US$ 9,000 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 $70.27 per barrel.

The bunker prices according to ship & Bunker, were closed at $382 pmt (IFO 380 CST ex. Singapore on 30 March 2018). IFO 380 Prices up 0.52% week over week, up 2.00% month over month and up 26.28% year on year.


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Saturday, 24 February 18
CHINA BECOMES WORLD'S SECOND LARGEST LNG IMPORTER, BEHIND JAPAN - EIA
China surpassed South Korea to become the world’s second-largest importer of liquefied natural gas (LNG) in 2017, according to data from IHS ...


Friday, 23 February 18
ESTIMATED U.S. WEEKLY COAL PRODUCTION UP 2.8 PER CENT W/E 17 FEB' 18 - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.6 million short tons ...


Thursday, 22 February 18
WHY THE COMMODITY RALLY WILL GET BACK ON TRACK - SIMON FLOWERS
Implications for the US dollar and producers Are we in the early stages of a sustained rise in commodity prices? And what does it mean for the ...


Thursday, 22 February 18
PANAMAX: IT HAS BEEN A SLOW AND UNEVENTFUL WEEK - FEARNLEYS
Supramax Slight improvement from Atlantic with more hope for upcoming weeks. More grain cargoes from Black Sea made fhaul rates better again $17- ...


Wednesday, 21 February 18
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
2017 proved to be a relatively good year with positive margins for the Dry Bulk market. Especially during the last quarter of the year everyone can ...


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