It is reported that the freight market remained soft beginning of the week, however second half of the week was firm with BDI up by 3.29% and closed at 1,349 points. The Cape index saw the maximum gain up by 9.30 points and closed at 1,633 points. Panamax index softened by about 3.14% (down by 49 points) and closed at 1,666 points where as Supramax index was slightly up by 1.51% (up by 6 points) and closed at 1,413 point.
Handy size index was slightly down by 0.25% (down by 4 points) and closed at 786 points. Supramax delivery Far East has been reported fixed around USD 15,000 per day for single trips. Short period rates on Supramax were seen reported around USD 15,000 per day. The freight market is likely to be steady soft next week. With approaching monsoons the WC India market would be flat and may see ships ballasting to South Africa or Singapore.
The freight market for Indonesia India is likely to be steady next week. The average charter rate was at Cape USD 7,764 per day, Panamax USD 13,364 per day, Supramax USD 14,770 per day and Handy size USD 11,662 per day.
The Supramax index in the feast (S6 route) softened by 1.10% (down by USD 149 per day) and closed at USD 13,306 per day (last week USD 13,455 per day). The EC India/China (S7 route) softened slightly and was down by 1.85% and closed at USD 13,017 per day. The S6 and S7 routes are likely to be soft steady next week.
The future for three years (2011-2013) was at around Cape USD 15,000 per day, Panamax USD 14,000 per day, Supramax USD 13,500 per day, Handy size USD 10500 per day. The congestion in EC Australia was slightly up at 47 vessels this week (last week 42 vessels). The vessels waiting at main coal loading ports were at Hay point/1, DBCT/19, Gladstone/9, Abbot Point/Nil, New Castle/12, Port Kembla/5 vessels.
On the WC Australia iron ore vessels waiting also increased to 42 vessels (last week 33 vessels). The Brent crude oil prices remained soft this week and was down by 1.58% closed at USD 112.43 per barrel (last week USD 114.01 per barrel). Bunker prices also softened and closed at USD 628.50 pmt for IFO 380 CST ex Singapore on May 20th 2011.
Handy size index was slightly down by 0.25% (down by 4 points) and closed at 786 points. Supramax delivery Far East has been reported fixed around USD 15,000 per day for single trips. Short period rates on Supramax were seen reported around USD 15,000 per day. The freight market is likely to be steady soft next week. With approaching monsoons the WC India market would be flat and may see ships ballasting to South Africa or Singapore.
The freight market for Indonesia India is likely to be steady next week. The average charter rate was at Cape USD 7,764 per day, Panamax USD 13,364 per day, Supramax USD 14,770 per day and Handy size USD 11,662 per day.
The Supramax index in the feast (S6 route) softened by 1.10% (down by USD 149 per day) and closed at USD 13,306 per day (last week USD 13,455 per day). The EC India/China (S7 route) softened slightly and was down by 1.85% and closed at USD 13,017 per day. The S6 and S7 routes are likely to be soft steady next week.
The future for three years (2011-2013) was at around Cape USD 15,000 per day, Panamax USD 14,000 per day, Supramax USD 13,500 per day, Handy size USD 10500 per day. The congestion in EC Australia was slightly up at 47 vessels this week (last week 42 vessels). The vessels waiting at main coal loading ports were at Hay point/1, DBCT/19, Gladstone/9, Abbot Point/Nil, New Castle/12, Port Kembla/5 vessels.
On the WC Australia iron ore vessels waiting also increased to 42 vessels (last week 33 vessels). The Brent crude oil prices remained soft this week and was down by 1.58% closed at USD 112.43 per barrel (last week USD 114.01 per barrel). Bunker prices also softened and closed at USD 628.50 pmt for IFO 380 CST ex Singapore on May 20th 2011.