Bulk freight rates have stayed almost steady at the week-ago rates. Although demand for cargo vessels from Chinese steel makers was losing strength, the recent rise in shipments of coal and iron ore to other countries have maintained stability in the demand.
The implementation of 50% steel production cut in China from the next week has resulted in shipments of Coking Coal and Iron Ore decreasing to that country. However, there was increase in imports of the commodities in other countries that countered the slowdown in the demand for cargo vessels due to the production cut in China.
As there was no major deviation in the demand for cargo vessels, the Baltic Dry Index also remained almost unchanged. On 9Nov’17, the index was recorded at 1,481 points, earlier on 3Nov’17 the index was recorded at 1,482 points.
The following are the prevailing freight rates in terms of route and vessel type:
| SUPRAMAX | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LAST RATE | LAST WEEK | LAST MONTH | STATUS |
| Taboneo | Indonesia | Vizag | India | 11.18 | 10.92 | 11.04 | Up |
| Taboneo | Navlakhi | 13.18 | 12.87 | 13.02 | Up | ||
| Taboneo | Fangcheng | China | 10.81 | 10.54 | 10.63 | Up | |
| Taboneo | Rizhao | 11.7 | 11.41 | 11.5 | Up | ||
| Richards Bay | South Africa | Mundra | India | 15.31 | 14.85 | 14.77 | Up |
| Richards Bay | Paradip | 15.54 | 15.04 | 14.95 | Up | ||
| Hay Point | Australia | Huangpu(12.3m) | China | 15.39 | 15.05 | 15.38 | Up |
| Hay Point | Vizag | India | 19.41 | 18.95 | 19.37 | Up | |
| New Port News | USA | Vizag | 39.01 | 37.37 | 35.31 | Up | |
| Houston | Vizag | 36.05 | 34.64 | 33.01 | Up | ||
| Goa | India | Qingdao | China | 12.57 | 12.3 | 12.55 | Up |
| Paradip | Qingdao | 10.3 | 10.06 | 10.5 | Up | ||
| Bunati | Indonesia | Campha (12.3) | Vietnam | 13.73 | 12.8 | 12.65 | Up |
| Richards Bay | South Africa | Campha (12.3) | 24.18 | 22.72 | 23.45 | Up | |
| Haypoint | Australia | Campha (12.3) | 19.98 | 18.94 | 20.58 | Up | |
| Gladstone | Campha (12.3) | 20.4 | 19.33 | 18.91 | Up | ||
| Port Kembla | Campha (12.3) | 23.02 | 21.82 | 21.35 | Up | ||
| Teluk Rubiah | Malaysia | Campha (12.3) | 12.65 | 11.9 | 10.56 | Up | |
| Vostochy (12.2M) | Russia | Paradip | India | 14.35 | 13.87 | 14.13 | Up |
| Vostochy (12.2M) | Krishnapatnam | 13.99 | 13.55 | 13.78 | Up | ||
| Vostochy (12.2M) | Hazira | 17.29 | 16.74 | 17.03 | Up | ||
| Vostochy (12.2M) | Jaigarh (13m) | 15.17 | 14.71 | 14.95 | Up | ||
| Vanino | Paradip | 14.1 | 13.67 | 13.69 | Up | ||
| Vanino | Krishnapatnam | 13.49 | 12.98 | 13.07 | Up | ||
| Vanino | Hazira | 16.62 | 15.97 | 16.11 | Up | ||
| Vanino | Jaigarh (13m) | 14.65 | 14.1 | 14.18 | Up | ||
| Vanino | Tuticorin (12.8M) | 13.59 | 13.06 | 13.16 | Up | ||
| Nakhodka (9.35M) | Paradip | 19.79 | 18.94 | 19.44 | Up | ||
| Nakhodka (9.35M) | Krishnapatnam | 19.03 | 18.27 | 18.71 | Up | ||
| Nakhodka (9.35M) | Hazira | 25.31 | 24.24 | 24.88 | Up | ||
| Nakhodka (9.35M) | Jaigarh (13m) | 22.14 | 21.24 | 21.76 | Up | ||
| Richards Bay | South Africa | ECI | 17.72 | 17.17 | 17.07 | Up | |
| Richards Bay | ECI | 19.69 | 19.07 | 18.96 | Up | ||
| PANAMAX | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LAST RATE | LAST WEEK | LAST MONTH | STATUS |
| Richards Bay | South Africa | Jaigad(14m) | India | 13.34 | 13.32 | 13.23 | Up |
| Richards Bay | Mundra | 12.75 | 12.72 | 12.63 | Up | ||
| Richards Bay | Dhamra | 13.54 | 13.52 | 13.42 | Up | ||
| Richards Bay | Krishnapattam | 12.95 | 12.93 | 12.83 | Up | ||
| Richards Bay | Fangcheng | China | 15.28 | 15.22 | 15.13 | Up | |
| Richards Bay | Rizhao | 15.71 | 15.64 | 15.55 | Up | ||
| NPLCT | Indonesia | Dhamra | India | 9.29 | 8.97 | 8.67 | Up |
| NPLCT | Gangavaram | 9.56 | 9.23 | 8.93 | Up | ||
| NPLCT | Mundra | 9.82 | 9.42 | 9.06 | Up | ||
| NPLCT | Jaigad | 10.16 | 9.77 | 9.41 | Up | ||
| Hay Point | Australia | Vizag | 15.35 | 14.93 | 14.61 | Up | |
| New Castle | Fangcheng | China | 14.71 | 14.36 | 13.98 | Up | |
| New Castle | Rizhao | 15.17 | 14.81 | 14.43 | Up | ||
| New Port News | USA | Vizag | India | 29.79 | 30.29 | 28.02 | Down |
| Tanjung Bara CT | Indonesia | Fangcheng | China | 8.25 | 7.9 | 7.05 | Up |
| Tanjung Bara CT | Rizhao | 8.72 | 8.36 | 7.5 | Up | ||
| New Orleans | USA | Dhamra | India | 30.68 | 30.98 | 29.31 | Down |
| New Orleans | Mundra | 32.02 | 32.37 | 30.51 | Down | ||
| New Orleans | Rizhao | China | 36.28 | 36.67 | 34.54 | Down | |
| CAPESIZE | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LAST RATE | PAST WEEK | LAST MONTH | STATUS |
| Puerto Bolivar | Colombia | Dhamra | India | 20.32 | 19.96 | 22.7 | Up |
| Puerto Bolivar | Mundra | 18.65 | 18.3 | 20.95 | Up | ||
| DBCT | Australia | Gangavaram | 11.65 | 11.4 | 11.75 | Up | |
| DBCT | Mundra | 11.37 | 11.1 | 11.48 | Up | ||
| Richards Bay | South Africa | Gangavaram | 12.15 | 11.91 | 12.75 | Up | |
| Richards Bay | Mundra | 10.73 | 10.5 | 11.3 | Up | ||
| Puerto Bolivar | Colombia | Fangcheng | China | 22.19 | 21.69 | 21.37 | Up |
| Puerto Bolivar | Qingdao | 23.25 | 22.65 | 22.35 | Up | ||
| Richards Bay | South Africa | Fangcheng | 13.25 | 12.95 | 13.91 | Up | |
| Richards Bay | Qingdao | 13.43 | 13.12 | 14.1 | Up | ||
| New Castle | Australia | Qingdao | 10.95 | 10.5 | 10.83 | Up | |
| New Castle | Fangcheng | 11.53 | 11.05 | 11.4 | Up | ||
| Baltimore | USA | Mundra | India | 26.35 | 25.8 | 27.65 | Up |
| Norfolk | Gangavaram | 27.72 | 27.16 | 29.03 | Up | ||
| TBCT | Indonesia | Qingdao | China | 6.46 | 6.27 | 6.7 | Up |
| TBCT | Fangcheng | 6.02 | 5.84 | 6.23 | Up | ||
| TBCT | Mundra | India | 7.71 | 7.55 | 7.95 | Up | |
| TBCT | Gangavaram | 7.46 | 7.32 | 7.67 | Up | ||
Source: BULK MARINE
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