The Bulk Freight Rates have remained high, mainly driven by the stronger demand emanating from the shipments of Thermal Coal and Iron Ore to China. Shipments of the commodities have increased in that country as the winter season is traditionally a stocking period in that country. Moreover, the spurt in stocking Coking Coal by steel makers in the various steel producing nations ahead of the start of the winter holidays in Australia also is compounding to the freight rates hovering at high rates.
However, the freight rates are likely to fall from the next week onwards due to the start of the winter holidays in Australia, to being on 20 Dec’17; during which there will be no cargo shipping activity.
The Baltic Dry Index has shown a downward trend due to the shrinkage in cargo shipping activity to come into effect during the winter holidays in Australia. On 14 Dec’17, the index was reported at 1,668 points, down from the 1,702 points as on 8 Dec’17.
The following are the freight rates in respect to routes and vessel type:
| SUPRAMAX | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LATEST | LAST WEEK | LAST MONTH | STATUS |
| Taboneo | Indonesia | Vizag | India | 9.51 | 8.65 | 10.25 | Up |
| Taboneo | Navlakhi | 11.24 | 10.22 | 12.08 | Up | ||
| Taboneo | Fangcheng | China | 9.13 | 8.35 | 9.87 | Up | |
| Taboneo | Rizhao | 9.94 | 9.12 | 10.7 | Up | ||
| Richards Bay | South Africa | Mundra | India | 13.6 | 13.07 | 14.63 | Up |
| Richards Bay | Paradip | 13.64 | 13.05 | 14.8 | Up | ||
| Hay Point | Australia | Huangpu(12.3m) | China | 14.29 | 13.32 | 14.58 | Up |
| Hay Point | Vizag | India | 17.7 | 16.35 | 18.34 | Up | |
| New Port News | USA | Vizag | 36.27 | 35.28 | 38.05 | Up | |
| Houston | Vizag | 33.95 | 33.81 | 35.35 | Up | ||
| Goa | India | Qingdao | China | 11.62 | 10.94 | 12.11 | Up |
| Paradip | Qingdao | 8.81 | 8.47 | 9.89 | Up | ||
| Bunati | Indonesia | Campha (12.3) | Vietnam | 10.16 | 8.6 | 12.24 | Up |
| Richards Bay | South Africa | Campha (12.3) | 20.4 | 19.31 | 22.81 | Up | |
| Haypoint | Australia | Campha (12.3) | 16.48 | 15.04 | 18.02 | Up | |
| Gladstone | Campha (12.3) | 16.81 | 15.34 | 18.39 | Up | ||
| Port Kembla | Campha (12.3) | 19.05 | 17.4 | 20.77 | Up | ||
| Teluk Rubiah | Malaysia | Campha (12.3) | 9.83 | 8.55 | 10.97 | Up | |
| Vostochy (12.2M) | Russia | Paradip | India | 12.27 | 11.44 | 13.4 | Up |
| Vostochy (12.2M) | Krishnapatnam | 12.1 | 11.36 | 13.12 | Up | ||
| Vostochy (12.2M) | Hazira | 14.89 | 13.94 | 16.19 | Up | ||
| Vostochy (12.2M) | Jaigarh (13m) | 13.16 | 12.37 | 14.25 | Up | ||
| Vanino | Paradip | 12.16 | 11.23 | 13.24 | Up | ||
| Vanino | Krishnapatnam | 11.75 | 10.92 | 12.57 | Up | ||
| Vanino | Hazira | 14.39 | 13.33 | 15.45 | Up | ||
| Vanino | Jaigarh (13m) | 12.78 | 11.88 | 13.66 | Up | ||
| Vanino | Tuticorin (12.8M) | 11.78 | 10.91 | 12.63 | Up | ||
| Nakhodka (9.35M) | Paradip | 16.99 | 15.91 | 18.27 | Up | ||
| Nakhodka (9.35M) | Krishnapatnam | 16.55 | 15.61 | 17.67 | Up | ||
| Nakhodka (9.35M) | Hazira | 21.74 | 20.35 | 23.38 | Up | ||
| Nakhodka (9.35M) | Jaigarh (13m) | 19.16 | 18.02 | 20.51 | Up | ||
| Richards Bay | South Africa | ECI | 15.72 | 15.09 | 16.92 | Up | |
| Richards Bay | ECI | 17.41 | 16.7 | 18.78 | Up | ||
| PANAMAX | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LATEST | LAST WEEK | LAST MONTH | STATUS |
| Richards Bay | South Africa | Jaigad(14m) | India | 12.87 | 12.59 | 13.44 | Up |
| Richards Bay | Mundra | 12.28 | 11.99 | 12.85 | Up | ||
| Richards Bay | Dhamra | 13.05 | 12.75 | 13.65 | Up | ||
| Richards Bay | Krishnapattam | 12.47 | 12.18 | 13.06 | Up | ||
| Richards Bay | Fangcheng | China | 14.97 | 14.57 | 15.15 | Up | |
| Richards Bay | Rizhao | 15.39 | 14.98 | 15.57 | Up | ||
| NPLCT | Indonesia | Dhamra | India | 8.29 | 8.08 | 8.98 | Up |
| NPLCT | Gangavaram | 8.54 | 8.33 | 9.25 | Up | ||
| NPLCT | Mundra | 8.61 | 8.35 | 9.44 | Up | ||
| NPLCT | Jaigad | 8.94 | 8.69 | 9.79 | Up | ||
| Hay Point | Australia | Vizag | 13.68 | 13.27 | 14.75 | Up | |
| New Castle | Fangcheng | China | 13.2 | 12.97 | 14.02 | Up | |
| New Castle | Rizhao | 13.64 | 13.41 | 14.47 | Up | ||
| New Port News | USA | Vizag | India | 28.5 | 27.79 | 29.89 | Up |
| Tanjung Bara CT | Indonesia | Fangcheng | China | 6.58 | 6.22 | 7.75 | Up |
| Tanjung Bara CT | Rizhao | 7.01 | 6.65 | 8.21 | Up | ||
| New Orleans | USA | Dhamra | India | 30.93 | 30.09 | 30.68 | Up |
| New Orleans | Mundra | 32.16 | 31.19 | 32.02 | Up | ||
| New Orleans | Rizhao | China | 36.52 | 35.44 | 36.28 | Up | |
| CAPESIZE | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LATEST | PAST WEEK | LAST MONTH | STATUS |
| Puerto Bolivar | Colombia | Dhamra | India | 22.61 | 21.58 | 21.2 | Up |
| Puerto Bolivar | Mundra | 20.85 | 19.85 | 19.5 | Up | ||
| DBCT | Australia | Gangavaram | 12.26 | 11.8 | 11.81 | Up | |
| DBCT | Mundra | 12.05 | 11.55 | 11.55 | Up | ||
| Richards Bay | South Africa | Gangavaram | 12.8 | 12.28 | 12.65 | Up | |
| Richards Bay | Mundra | 11.35 | 10.85 | 11.2 | Up | ||
| Puerto Bolivar | Colombia | Fangcheng | China | 22.9 | 21.95 | 22.19 | Up |
| Puerto Bolivar | Qingdao | 24.05 | 23 | 23.25 | Up | ||
| Richards Bay | South Africa | Fangcheng | 13.61 | 13.17 | 13.6 | Up | |
| Richards Bay | Qingdao | 13.8 | 13.35 | 13.78 | Up | ||
| New Castle | Australia | Qingdao | 11.1 | 10.64 | 11.2 | Up | |
| New Castle | Fangcheng | 11.7 | 11.2 | 11.8 | Up | ||
| Baltimore | USA | Mundra | India | 29.05 | 28.1 | 28.15 | Up |
| Norfolk | Gangavaram | 30.4 | 29.44 | 29.52 | Up | ||
| TBCT | Indonesia | Qingdao | China | 6.69 | 6.14 | 6.57 | Up |
| TBCT | Fangcheng | 6.22 | 5.72 | 6.12 | Up | ||
| TBCT | Mundra | India | 8.05 | 7.4 | 7.8 | Up | |
| TBCT | Gangavaram | 7.74 | 7.18 | 7.54 | Up | ||
Source: BULK MARINE
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