Saturday, 26 February 11
The market started on a weak note and seemed to have lost the momentum seen the previous week. The main sectors affected were Cape and Panamax index which were down by almost 10 pct , where as the BDI was down by about 5 pct.
Supramax index continued to be firm and was up about 10 pct and handy size index was also slightly up by about 3 pct. The signs of iron import slowing down has started to show this week as was expected and the market. The bunker prices have jumped quite a bit almost touching US$ 660 pmt ex Singapore for IFO 380 cst, but started to soften a bit towards close of the week on Friday.
The average charter rates was at Cape/US$ 4653 per day , Panamax/US$ 14530 per day , Supramax/US$ 14483 per day and Handy size/US$ 10215 per day.
The Supramax index in the feast (S6 route) continued to be firm and was up by 19 pct (up by US$ 2027 per day) and closed at US$ 12818 per day (last week US$ 10791 per day). The EC India/ China (S7 route) lost steam as there are signs of iron ore prices dropping indicating that the demand may be slowing and the S7 route was up only by 3 pct (up by US$ 530 per day) and closed at US$ 17838 per day (last week US$ 17308 per day). The S6 route may continue to be firm, where as the S& route may be softening a slightly.
The futures for three years (2011-2013) was at around Cape/US$ 19000 per day, Panamax/US$ 16500 per day, Supramax/US$ 15000 per day , Handy size/US$ 11000 per day.
The congestion in EC Australia almost at same levels at 79 vessels this week (last week 92 vessels). The vessels waiting at main coal loading ports were at Hay point/12, DBCT/2, Gladstone/11, Abbot Point/Nil, New Castle/36, Port Kembla/2 vessels. On the WC Australia iron ore vessels waiting reduced to 42 vessels (last week 52 vessels).
The waiting at Indian ports for coal vessels was quite normal and the main east coast ports were reported empty because of no coking coal vessels.
The crude prices jumped sharply with tensions continuing in Libya and Bahrain and other neighboring countries and Brent crude prices was at US$ 112.34 per barrel (last week US$ 103.06 per barrel). Bunker prices also firmed up sharply and was at US$ 646.50 pmt (last week US$ 609.00 pmt) for IFO 380 cst ex Singapore on 25th Feb 2011.
Tags:spot freight rates for coal, spot freight rates for Iron-ore cargo, Singapore, shipping
Supramax index continued to be firm and was up about 10 pct and handy size index was also slightly up by about 3 pct. The signs of iron import slowing down has started to show this week as was expected and the market. The bunker prices have jumped quite a bit almost touching US$ 660 pmt ex Singapore for IFO 380 cst, but started to soften a bit towards close of the week on Friday.
The average charter rates was at Cape/US$ 4653 per day , Panamax/US$ 14530 per day , Supramax/US$ 14483 per day and Handy size/US$ 10215 per day.
The Supramax index in the feast (S6 route) continued to be firm and was up by 19 pct (up by US$ 2027 per day) and closed at US$ 12818 per day (last week US$ 10791 per day). The EC India/ China (S7 route) lost steam as there are signs of iron ore prices dropping indicating that the demand may be slowing and the S7 route was up only by 3 pct (up by US$ 530 per day) and closed at US$ 17838 per day (last week US$ 17308 per day). The S6 route may continue to be firm, where as the S& route may be softening a slightly.
The futures for three years (2011-2013) was at around Cape/US$ 19000 per day, Panamax/US$ 16500 per day, Supramax/US$ 15000 per day , Handy size/US$ 11000 per day.
The congestion in EC Australia almost at same levels at 79 vessels this week (last week 92 vessels). The vessels waiting at main coal loading ports were at Hay point/12, DBCT/2, Gladstone/11, Abbot Point/Nil, New Castle/36, Port Kembla/2 vessels. On the WC Australia iron ore vessels waiting reduced to 42 vessels (last week 52 vessels).
The waiting at Indian ports for coal vessels was quite normal and the main east coast ports were reported empty because of no coking coal vessels.
The crude prices jumped sharply with tensions continuing in Libya and Bahrain and other neighboring countries and Brent crude prices was at US$ 112.34 per barrel (last week US$ 103.06 per barrel). Bunker prices also firmed up sharply and was at US$ 646.50 pmt (last week US$ 609.00 pmt) for IFO 380 cst ex Singapore on 25th Feb 2011.
Tags:spot freight rates for coal, spot freight rates for Iron-ore cargo, Singapore, shipping
Reported by Vistaar Shipping, Singapore
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