Mar21, 2011
The BDI was down by 1.98 pct (closing at 1531 points) mainly due to Cape index which was down by almost 11 pct and closed 1687 points.
The panama index was down by only 1.78 pct and closed at 2094 points. The Supramax and Handy size index were holding which was up by almost 3 pct and closed at 1574 points and 755 points respectively.
The Supramax vessels opening Feast/SE Asia region were seen fixed at healthy levels at around 16000 delivery N. China. The effects of 10-12 Japanese ports closure and the Libyan crisis will have an effect on shipping and it appears the markets could soften next week.
The average charter rates was at Cape/US$ 9369 per day , Panamax/US$ 16821 per day , Supramax/US$ 16458 per day and Handy size/US$ 11336 per day.
The Supramax index in the feast (S6 route) continued to be steady and was and was up by 1.28 pct (up by US$ 202 per day) and closed at US$ 15995 per day (last week US$ 15793 per day). The EC India/ China (S7 route) continued to softened and was down by 4.92 pct (down by US$ 825 per day) and closed at US$ 15938 per day (last week US$ 16763 per day). The S6 route is likely to continue to be steady/soft , whereas the S7 is likely to remain soft.
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$ 11500 per day.
The congestion in EC Australia almost at same levels at 72 vessels this week (last week 81 vessels). The vessels waiting at main coal loading ports were at Hay point/5, DBCT/18, Gladstone/10, Abbot Point/1l, New Castle/36, Port Kembla/2 vessels. On the WC Australia iron ore vessels waiting reduced to 42 vessels (last week 61 vessels).
The waiting at Indian ports for coal vessels was quite normal.
The crude oil prices continued to be firm and closed at US$ 114.51 per barrel (last week US$ 113.47 per barrel). Bunker prices also firmed up during the week but closed lower US$ 643.00 pmt (last week US$ 638.50 pmt) for IFO 380 cst ex Singapore on 18th March 2011.
Click here for Vistaar’s forecasted (terms & conditions apply) spot freight rates for coal & Iron-ore cargo for specific routes (cs) Reported by Vistaar Shipping, Singapore
The BDI was down by 1.98 pct (closing at 1531 points) mainly due to Cape index which was down by almost 11 pct and closed 1687 points.
The panama index was down by only 1.78 pct and closed at 2094 points. The Supramax and Handy size index were holding which was up by almost 3 pct and closed at 1574 points and 755 points respectively.
The Supramax vessels opening Feast/SE Asia region were seen fixed at healthy levels at around 16000 delivery N. China. The effects of 10-12 Japanese ports closure and the Libyan crisis will have an effect on shipping and it appears the markets could soften next week.
The average charter rates was at Cape/US$ 9369 per day , Panamax/US$ 16821 per day , Supramax/US$ 16458 per day and Handy size/US$ 11336 per day.
The Supramax index in the feast (S6 route) continued to be steady and was and was up by 1.28 pct (up by US$ 202 per day) and closed at US$ 15995 per day (last week US$ 15793 per day). The EC India/ China (S7 route) continued to softened and was down by 4.92 pct (down by US$ 825 per day) and closed at US$ 15938 per day (last week US$ 16763 per day). The S6 route is likely to continue to be steady/soft , whereas the S7 is likely to remain soft.
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$ 11500 per day.
The congestion in EC Australia almost at same levels at 72 vessels this week (last week 81 vessels). The vessels waiting at main coal loading ports were at Hay point/5, DBCT/18, Gladstone/10, Abbot Point/1l, New Castle/36, Port Kembla/2 vessels. On the WC Australia iron ore vessels waiting reduced to 42 vessels (last week 61 vessels).
The waiting at Indian ports for coal vessels was quite normal.
The crude oil prices continued to be firm and closed at US$ 114.51 per barrel (last week US$ 113.47 per barrel). Bunker prices also firmed up during the week but closed lower US$ 643.00 pmt (last week US$ 638.50 pmt) for IFO 380 cst ex Singapore on 18th March 2011.
Click here for Vistaar’s forecasted (terms & conditions apply) spot freight rates for coal & Iron-ore cargo for specific routes (cs) Reported by Vistaar Shipping, Singapore
If you believe an article violates your rights or the rights of others, please contact us.
Posts
No comments:
Post a Comment