Demand for cargo vessels has moderately slackened as there was a temporary retardation in the imports of Coking Coal. As the prices of the coal are coming down, the importers in the major importing nations are adopting a wait-and-watch stance in the prospect of the prices falling to significant levels.
At the same time, the reduction of Iron Ore shipments to China also has been compounding to the slackening demand for cargo vessels. The Chinese government has implemented steel production cuts to guard the atmosphere from pollution.
The bulk freight rates have however did not undergo downward traversals; the rates were at around the rates assessed in the week last.
On account of the decelerating demand for cargo vessels, the Baltic Dry Index has drifted downwards. On 19Jan’18, the index was reported at 1,125 points, down from the 1,279 points as on 12Jan’18.
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 | 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
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