Uniform Demand Keep Bulk Freight Rates Steady
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Bulk freight rates have not changed from that in the week last as uniformly strong demand for cargo vessels prevented any downturn in the freight rates.
Strong demand for cargo vessels are being maintained by the robust shipments of iron ore and coal to China. In that country, production of steel is going on at high rates, necessitating uninterrupted imports of the materials.
However, the Baltic Dry Index has shown a slight downward trend, mainly on account of a somewhat decreasing demand for large cargo vessels. On 1 Sep'17, the index was reported at 1,183 points, down from 1,209 points, on 25 Aug'17.
The following are the prevailing cargo freight rates, in terms of route and vessel type:
| SUPRAMAX | |||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | CARGO (in MT) | FREIGHT RATE (in USD/MT) |
| Taboneo | Indonesia | Vizag | India | 55,000 | 8.34 |
| Navlakhi | 55,000 | 9.81 | |||
| Fangcheng | 55,000 | 8.03 | |||
| Rizhao | 55,000 | 8.72 | |||
| Richards Bay | South Africa | Mundra | 55,000 | 11.37 | |
| Paradip | 55,000 | 11.26 | |||
| ECI | 55,000 | 12.98 | |||
| ECI | 55,000 | 14.34 | |||
| Hay Point | Australia | Huangpu(12.3m) | China | 52,000 | 12.45 |
| Hay Point | Vizag | 52,000 | 15.61 | ||
| New Port News | USA | Vizag | 55,000 | 29.41 | |
| Houston | Vizag | 55,000 | 27.65 | ||
| Goa | India | Qingdao | 55,000 | 9.79 | |
| Paradip | Qingdao | 55,000 | 8.14 | ||
| Bunati | Indonesia | Campha (12.3) | 52,000 | 8.96 | |
| Richards Bay | South Africa | Campha (12.3) | 52,000 | 17.24 | |
| Haypoint | Australia | Campha (12.3) | 52,000 | 15.38 | |
| Gladstone | Campha (12.3) | 52,000 | 15.65 | ||
| Port Kembla | Campha (12.3) | 52,000 | 17.67 | ||
| Teluk Rubiah | Malaysia | Campha (12.3) | 52,000 | 8.79 | |
| Vostochy (12.2M) | Russia | Paradip | India | 51,000 | 10.53 |
| Vostochy (12.2M) | Krishnapatnam | 51,000 | 10.44 | ||
| Vostochy (12.2M) | Hazira | 51,000 | 12.84 | ||
| Vostochy (12.2M) | Jaigarh (13m) | 51,000 | 11.32 | ||
| Vanino | Paradip | 55,000 | 10.45 | ||
| Vanino | Krishnapatnam | 55,000 | 10.10 | ||
| Vanino | Hazira | 55,000 | 12.37 | ||
| Vanino | Jaigarh (13m) | 55,000 | 10.96 | ||
| Vanino | Tuticorin (12.8M) | 55,000 | 10.08 | ||
| Nakhodka (9.35M) | Paradip | 33,000 | 14.46 | ||
| Nakhodka (9.35M) | Krishnapatnam | 33,000 | 14.19 | ||
| Nakhodka (9.35M) | Hazira | 33,000 | 18.60 | ||
| Nakhodka (9.35M) | Jaigarh (13m) | 33,000 | 16.37 | ||
| PANAMAX | |||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | CARGO(in MT) | FREIGHT ( in USD/MT) |
| Richards Bay | South Africa | Jaigad(14m) | India | 76,000 | 12.29 |
| Richards Bay | Mundra | 77,000 | 11.69 | ||
| Richards Bay | Dhamra | 77,000 | 12.42 | ||
| Richards Bay | Krishnapattam | 77,000 | 11.87 | ||
| Richards Bay | Fangcheng | China | 77,000 | 13.56 | |
| Richards Bay | Rizhao | 77,000 | 13.95 | ||
| NPLCT | Indonesia | Dhamra | India | 77,000 | 7.18 |
| NPLCT | Gangavaram | 77,000 | 7.42 | ||
| NPLCT | Mundra | 77,000 | 7.23 | ||
| NPLCT | Jaigad | 77,000 | 7.61 | ||
| Hay Point | Australia | Vizag | 77,000 | 11.58 | |
| New Castle | Fangcheng | China | 77,000 | 10.98 | |
| New Castle | Rizhao | 77,000 | 11.39 | ||
| New Port News | USA | Vizag | India | 77,000 | 24.38 |
| Tanjung Bara CT | Indonesia | Fangcheng | China | 71,500 | 5.67 |
| Tanjung Bara CT | Rizhao | 71,500 | 6.08 | ||
| New Orleans | USA | Dhamra | India | 65,000 | 25.42 |
| New Orleans | Mundra | 65,000 | 26.30 | ||
| New Orleans | Rizhao | China | 59,000 | 29.65 | |
| CAPESIZE | |||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | CARGO(in MT) | FREIGHT(in USD/MT) |
| Puerto Bolivar | Colombia | Dhamra | India | 150,000 | 18.97 |
| Puerto Bolivar | Mundra | 150,000 | 17.35 | ||
| DBCT | Australia | Gangavaram | 168,000 | 10.00 | |
| DBCT | Mundra | 165,000 | 9.55 | ||
| Richards Bay | South Africa | Gangavaram | 161,000 | 9.34 | |
| Richards Bay | Mundra | 161,000 | 8.05 | ||
| Puerto Bolivar | Colombia | Fangcheng | China | 158,000 | 18.00 |
| Puerto Bolivar | Qingdao | 158,000 | 18.65 | ||
| Richards Bay | South Africa | Fangcheng | 161,000 | 10.02 | |
| Richards Bay | Qingdao | 161,000 | 10.15 | ||
| New Castle | Australia | Qingdao | 152,000 | 8.82 | |
| New Castle | Fangcheng | 152,000 | 9.25 | ||
| Baltimore | USA | Mundra | India | 149,000 | 21.50 |
| Norfolk | Gangavaram | China | 149,000 | 22.86 | |
| TBCT | Indonesia | Qingdao | 160,000 | 5.18 | |
| TBCT | Fangcheng | 160,000 | 4.85 | ||
| TBCT | Mundra | India | 160,000 | 6.25 | |
| TBCT | Gangavaram | 160,000 | 6.20 | ||
| Richards Bay | South Africa | Mundra | 110,000 | 10.96 | |
| Richards Bay | Dhamra | 110,000 | 10.77 | ||
Source: BULK MARINE
