Coal news and updates

Cape and Panamax segments slide continues

The BDI was up about 0.5 pct week on week and closed at 589 points while the cape index was fell 0.73 pct and closed at 810 points.

The panamax index was lost 4.55 pct week on week and closed at 524 points on 29 May 2015. The supramax and handysize indices were slightly up closed at 647 points(up by 3.19 pct) and 331 points (up by 1.22 pct) respectively for the same period.

In the Far East/SE Asia the freight rates were steady as supramax charter rate delivery Singapore was around US$ 8000-8500 per day for a trip via Indonesia to India, with demanding a premium for WC India.  Panamax charter rates were soft and ships were rating around US$ 4500 delivery mid china for trip via Indonesia to India.

Freight rates are expected to be steady/soft for next week.

The Average daily earnings rates were reported for Cape at US$ 4285 per day, for Panamax at US$ 4191 per day, for Supramax at US$ 6768 per day and for Handy size at US$ 4869 per day.

The futures for three years (2015-2017) were reported at around US$ 12000 per day for Cape, US$ 8500 per day for Panamax, US$ 8500 per day for Supramax, and US$ 7500 per day for Handy size.

The S8 route for supramax continued to be firm and was up by 3.59 pct week over week and closed at US$ 6144 per day (last week US$ 5931 per day). Freight rates from Indonesia to India is expected to be steady.

The Brent crude oil prices was steady just up by 0.30 pct closing at US$ 65.56 per barrel (last week US$ 65.37 per barrel). The bunker prices was soft and closed at US$ 366.00 pmt (IFO 380 cst ex Singapore on 29th May 2015).

Baltic Dry Index (BDI)  - UP
Cape index (BCI) - DOWN
Panamax index (BPI) - DOWN
Supramax index (BSI) - UP
Handy index - UP
(as of week ended 29 May 2015 (week on week changes))

source: http://www.coalspot.com