SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Friday.The Cape index was almost at same levels and was up by 29 points. The most affected sector this week was Panamax which was down by 320 points (down by 13.58 points) and closed at 2,037 points. The Supramax index also down by 57 points and closed at 1,613 points end of this week.
The Handy size index was marginally up by 9 points and closed at 839 points. The market continues to be certain with the BDI at 2000 points levels for some time. With the holiday season approaching the market would continue to soften further.
Some of the spot Supramax vessels open Fareast were reported fixed around US$ 13,000 per day for trip via Indonesia to India.
The average charter rates was at Cape/US$ 25,003 per day , Panamax/US$ 16,281 per day , Supramax/US$ 16,863 per day and Handy size/US$ 12,305 per day.
The Supramax index in the feast (S6 route) was down by US$ 459 per day (down by 3.07 pct) and closed at US$ 14,455 per day (last week US$ 14,914 per day).
The EC India/ China firmed up and the Supramax S7 rates was up by US$ 254 per day (up by 1.62 pct) and closed at US$ 15,846 per day (last week US$ 15,592 per day). The S6 and S7 route could be under pressure due to holiday season approaching.
The futures for three years (2011-2013) was at around Cape/US$ 24,000 per day, Panamax/US$ 17,000 per day, Supramax/US$ 16,500 per day , Handy size/US$ 12,000 per day.
The congestion in EC Australia remained same at 125 vessels this week (last week 113 vessels). The vessels waiting at main coal loading ports were at Hay point/9, DBCT/40,Gladstone/15,Abbot Point/3, New Castle/50, Port Kembla/5 vessels. On the WC Australia iron ore vessels waiting was almost at same levels at 23 vessels (last week 22 vessels).
The waiting at Indian ports for coal vessels was quite normal except for Paradip, Haldia, Kandla where the berthing delays was high.
The Brent crude prices firmed and closed at US$ 91.67 per barrel (last week US$ 90.55 per barrel). Bunker prices also firmed up and was at US$ 507 pmt (last week US$ 500.50 pmt) for IFO 380 cst ex Singapore on 17th Dec 2010.
for Vistaar’s forecasted (terms & conditions apply) spot freight rates for coal & Iron-ore cargo for specific routes(cs)Reported by Vistaar Shipping, Singapore

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