Flurry of Shipments Keeps Bulk Freight Rates at Highs
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The bulk freight rates have hovered at highs due to the flurry of shipments arising on account of the coal importing spree among the Chinese steel makers ahead of the Lunar Year holidays.
Shipments of Coking Coal have gained steam as the Chinese steel makers were stocking the coal ahead of the holidays. At the same time, Coking Coal importing appetite also has strengthened in India, adding to the demand for cargo vessels.
However, the Baltic Dry Index has shown a sliding trend as the demand for cargo vessels is expected wane during the holiday period, which will begin from mid-Feb'18. On 2Feb'18, the index was reported at 1,095 points, down from the 1,219 points as on 26 Jan'18.
The following are the ruling cargo vessel freight rates in terms of route and vessel type:
| SUPRAMAX | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LATEST FREIGHT RATES | LAST WEEK | LAST MONTH | STATUS |
| Taboneo | Indonesia | Vizag | India | 8.56 | 8.28 | 9.37 | Up |
| Taboneo | Navlakhi | 10.13 | 9.79 | 11.06 | Up | ||
| Taboneo | Fangcheng | China | 8.23 | 7.92 | 9.12 | Up | |
| Taboneo | Rizhao | 9.00 | 8.67 | 9.93 | Up | ||
| Richards Bay | South Africa | Mundra | India | 15.22 | 14.96 | 14.25 | Up |
| Richards Bay | Paradip | 15.39 | 15.11 | 14.36 | Up | ||
| Hay Point | Australia | Huangpu(12.3m) | China | 13.16 | 12.93 | 13.81 | Up |
| Hay Point | Vizag | India | 16.48 | 16.20 | 17.01 | Up | |
| New Port News | USA | Vizag | 34.56 | 32.04 | 35.18 | Up | |
| Houston | Vizag | 31.97 | 29.96 | 29.96 | Up | ||
| Goa | India | Qingdao | China | 12.17 | 11.67 | 11.46 | Up |
| Paradip | Qingdao | 9.02 | 8.36 | 8.77 | Up | ||
| Bunati | Indonesia | Campha (12.3) | Vietnam | 9.82 | 9.18 | 10.49 | Up |
| Richards Bay | South Africa | Campha (12.3) | 23.24 | 22.40 | 20.14 | Up | |
| Haypoint | Australia | Campha (12.3) | 15.06 | 14.55 | 16.26 | Up | |
| Gladstone | Campha (12.3) | 15.36 | 14.83 | 16.59 | Up | ||
| Port Kembla | Campha (12.3) | 17.44 | 16.84 | 18.78 | Up | ||
| Teluk Rubiah | Malaysia | Campha (12.3) | 9.55 | 8.90 | 10.18 | Up | |
| Vostochy (12.2M) | Russia | Paradip | India | 11.29 | 11.07 | 11.70 | Up |
| Vostochy (12.2M) | Krishnapatnam | 11.25 | 11.04 | 11.59 | Up | ||
| Vostochy (12.2M) | Hazira | 13.78 | 13.53 | 14.24 | Up | ||
| Vostochy (12.2M) | Jaigarh (13m) | 12.27 | 12.05 | 12.61 | Up | ||
| Vanino | Paradip | 11.07 | 10.87 | 11.59 | Up | ||
| Vanino | Krishnapatnam | 10.82 | 10.69 | 11.24 | Up | ||
| Vanino | Hazira | 13.18 | 13.02 | 13.74 | Up | ||
| Vanino | Jaigarh (13m) | 11.78 | 11.64 | 12.23 | Up | ||
| Vanino | Tuticorin (12.8M) | 10.80 | 10.67 | 11.25 | Up | ||
| Nakhodka (9.35M) | Paradip | 15.79 | 15.58 | 16.24 | Up | ||
| Nakhodka (9.35M) | Krishnapatnam | 15.54 | 15.36 | 15.90 | Up | ||
| Nakhodka (9.35M) | Hazira | 20.18 | 19.91 | 19.91 | Up | ||
| Nakhodka (9.35M) | Jaigarh (13m) | 17.93 | 17.71 | 18.37 | Up | ||
| Richards Bay | South Africa | ECI | 17.68 | 17.36 | 16.48 | Up | |
| Richards Bay | ECI | 19.62 | 19.26 | 19.26 | Up | ||
| PANAMAX | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LATEST FREIGHT RATES | LAST WEEK | LAST MONTH | STATUS |
| Richards Bay | South Africa | Jaigad(14m) | India | 13.43 | 13.06 | 12.93 | Up |
| Richards Bay | Mundra | 12.84 | 12.46 | 12.33 | Up | ||
| Richards Bay | Dhamra | 13.65 | 13.25 | 13.1 | Up | ||
| Richards Bay | Krishnapattam | 13.05 | 12.67 | 12.53 | Up | ||
| Richards Bay | Fangcheng | China | 15.99 | 15.47 | 14.84 | Up | |
| Richards Bay | Rizhao | 16.42 | 15.88 | 15.25 | Up | ||
| NPLCT | Indonesia | Dhamra | India | 8.8 | 8.43 | 8.58 | Up |
| NPLCT | Gangavaram | 9.06 | 8.69 | 8.84 | Up | ||
| NPLCT | Mundra | 9.24 | 8.79 | 8.96 | Up | ||
| NPLCT | Jaigad | 9.56 | 9.11 | 9.3 | Up | ||
| Hay Point | Australia | Vizag | 14.84 | 14.06 | 14.37 | Up | |
| New Castle | Fangcheng | China | 14.28 | 13.45 | 14.25 | Up | |
| New Castle | Rizhao | 14.74 | 13.9 | 14.71 | Up | ||
| New Port News | USA | Vizag | India | 30.93 | 29.78 | 28.56 | Up |
| Tanjung Bara CT | Indonesia | Fangcheng | China | 7.42 | 6.92 | 7.23 | Up |
| Tanjung Bara CT | Rizhao | 7.88 | 7.37 | 7.68 | Up | ||
| New Orleans | USA | Dhamra | India | 33.35 | 32.35 | 30.77 | Up |
| New Orleans | Mundra | 34.78 | 33.68 | 32.02 | Up | ||
| New Orleans | Rizhao | China | 39.56 | 38.3 | 36.34 | Up | |
| CAPESIZE | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LATEST FREIGHT RATES | PAST WEEK | LAST MONTH | STATUS |
| Puerto Bolivar | Colombia | Dhamra | India | 24.13 | 22.36 | 26.28 | Up |
| Puerto Bolivar | Mundra | 22.3 | 20.6 | 24.4 | Up | ||
| DBCT | Australia | Gangavaram | 10.05 | 11.87 | 13.22 | Down | |
| DBCT | Mundra | 9.63 | 11.63 | 13.1 | Down | ||
| Richards Bay | South Africa | Gangavaram | 11.9 | 12.69 | 14.48 | Down | |
| Richards Bay | Mundra | 10.5 | 11.25 | 12.95 | Down | ||
| Puerto Bolivar | Colombia | Fangcheng | China | 26.05 | 23.41 | 26.85 | Up |
| Puerto Bolivar | Qingdao | 27.23 | 24.47 | 28.15 | Up | ||
| Richards Bay | South Africa | Fangcheng | 12.75 | 13.56 | 15.09 | Down | |
| Richards Bay | Qingdao | 12.92 | 13.75 | 15.3 | Down | ||
| New Castle | Australia | Qingdao | 9.75 | 10.7 | 12.09 | Down | |
| New Castle | Fangcheng | 10.25 | 11.27 | 12.75 | Down | ||
| Baltimore | USA | Mundra | India | 31.2 | 29.54 | 33.25 | Up |
| Norfolk | Gangavaram | 32.53 | 30.87 | 34.65 | Up | ||
| TBCT | Indonesia | Qingdao | China | 5.52 | 6.34 | 7.48 | Down |
| TBCT | Fangcheng | 5.14 | 5.9 | 6.95 | Down | ||
| TBCT | Mundra | India | 6.75 | 7.71 | 8.85 | Down | |
| TBCT | Gangavaram | 6.6 | 7.44 | 8.44 | Down | ||
Source:BULK MARINE
