The bulk shipping freight rates have not shown notable movements after the festival season.
Market participants have attributed the stagnancy in the freight rates to the over-capacity of vessels that was growing up vis-à-vis demand. However, Capesize rates have shown slight improvements with the beginning of this year.
The rates are not expected to go up in the next week, according to speculation of market participants.
Current freight rates (coal cargoes)
| Route | Supramax | Panamax | Capesize |
| Australia to India | 13.5 | 10 | 9 |
| South Africa to India | 12 | 10 | 8 |
| Indonesia to India | 7 | 8 | 5 |
Freights in USD/MT
Source: CoalMint Research
Current freight rates (iron ore cargoes)
| Route | Supramax |
| India to China | 9 |
Freights in USD/MT
Source: CoalMint Research
The Baltic Dry Index was reported at 910 points as on 13 Jan’17. The index did not show remarkable movement due to the bearish outlook. The index is an indicator of the movement in global freight rates in respect to all classes of cargo vessels, transporting all kinds of commodities, including coal and iron ore.
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