Coal news and updates

Indonesia to India freight rates to remain dull this week

The BDI was down to historical lows closing at 498 points which is down by almost 95.77 per cent compared to 11,800 points in 2008.

The cape market saw another slow week with limited activity as charters finished their November deals. Cape index was down 25.09 pct week over week and closed at 606 points while the panamax index was closed at 463 points 9.92 percent less from last Friday closing. The Supramax index also lost ground this week and closed at 472 points compared to last week closing of 523 points.

The Handy size index was down 5.26 pct and closed at 288 points.

The Indonesia to India Supramax charter rates were rating around US$ 6500 per day deliver Indonesia. The Panamax vessels were rating at around US$ 3500 per day delivery Shanghai.

The next week freight rates are expected to be soft as there is not many signs of possible improvements in near future.
 
The average charter rates for the Cape, Panamax and Supramax were reported below operation cost of those type of ship this week. The Cape size’s average charter rates were reported at around US$  3957 per day, Panamax at US$ 3696 per day, Supramax at around US$ 4934 per day and Handy size at around US$ 4205 per day.

The three years (2016-2018) futures were reported higher than the current average charter rates. The Cape’s three future was report at around US$ 10000 per day, $ 6043 higher than the current average charter rates of US$ 3957 per day. The Panamax’s three years future reported at around US$ 7000 per day, $ 3304 per day higher than the current average rates. The Supramax was reported at US$ 7000 per day Handysize at US$ 6500 per day.

The supramax S8 route was down 3.51 pct week over week closing at US$ 4881 per day (last week US$ 5059 per day). The freight are rates from Indonesia to India is expected to be soft next week.

The Brent crude oil prices was slightly up (2.40 pct) week on week and closed at US$ 44.66 per barrel (last week US$ 43.61 per barrel). The bunker prices almost steady and closed at US$ 218.00 pmt (IFO 380 cst ex. Singapore on 20th Nov 2015).

Baltic Dry Index (BDI) - DOWN
Cape index (BCI) - DOWN
Panamax index (BPI) - DOWN
Supramax index (BSI) - DOWN
Handy index - DOWN
(as of week ended 20 November 2015 (week on week changes))

source: http://coalspot.com