Coal news and updates

BDI Gained and crossed 1000 mark last week

The BDI gained and crossed 1000 mark after many months last Friday. The BDI was up almost 20 pct and closed 1048 points on 17 July 2015.

The Cape index was also up around 30 pct wee over week and closed at 1712 points. The Panamax index continued to be firm with grain movement from South America being firm and was up 10.45 pct to 1162 points. The Supramax and Handysize were also up about 10 pct closing at 846 points and 427 points respectively.

In the Far East/SE Asia, the freight rates were steady this week. The Supramax charter rates delivery Singapore was around $ 9500 per day for a trip via Indonesia to India. The owners demanding an additional premium for a trip to WC India.  The Panamax charter rates were firm and ships were rating around $8000 per day delivery mid china for a trip via Indonesia to India.

The freight rates are expected remain firm next week.

The average Cape charter rates were at $12885 per day, Panamax at $ 9261 per day, Supramax at $ 8841 per day and Handy size at $ 6300 per day.

The futures for three years (2015-2018) were at around $ 15000 per day for a cape, $ 8500 per day for a Panamax, $ 8500 per day for a Supramax and $ 7000 per day for Handy size.

The S8 route for supramax was almost steady this week or just lost 0.32 pct week over week  and closed at $ 6759 per day (last week $ 6781 per day). Freight rate from Indonesia to India is expected to be steady to firm.

The Brent crude oil prices was soft and down by 2.08 pct closing at $ 57.51 per barrel (last week $ 58.73 per barrel). The bunker prices was soft and closed at $ 308.50 pmt (IFO 380 cst ex Singapore on 17th July 2015).

Baltic Dry Index (BDI) - UP
Cape index (BCI) - UP
Panamax index (BPI) - UP
Supramax index (BSI) - UP
Handy index - UP

source: http://coalspot.com