Bulk shipping freight rates have exhibited a declining trend across all types of vessels, mainly due to the availability of excessive vessels over the demand.
One of the contributing factors towards the decent in the freight rates was the waning import demand for iron ore in China, as steel makers in that country were equipped with excessive stocks.
However, the stocks have now decreased and they are in the process of replenishing their stocks. This might pull up the freight rates in the near term.
The following depicts port-to-port freight rates for coal cargoes.
| SUPRAMAX VESSELS | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | FREIGHT(in USD/MT) | LAST WEEK FREIGHT (in USD/MT) | LAST MONTH FREIGHT(in USD/MT) | MOVEMENT |
| Taboneo | Indonesia | Vizag | India | 7.34 | 7.54 | 7.91 | Down |
| Taboneo | Indonesia | Navlakhi | India | 8.62 | 8.87 | 9.28 | Down |
| Taboneo | Indonesia | Fangcheng | China | 6.84 | 7.03 | 7.46 | Down |
| Taboneo | Indonesia | Rizhao | China | 7.45 | 7.67 | 8.11 | Down |
| Richards Bay | South Africa | Mundra | India | 10.63 | 10.92 | 11.44 | Down |
| Richards Bay | South Africa | Paradip | India | 10.44 | 10.75 | 11.34 | Down |
| Hay Point | Australia | Huangpu(12.3m) | India | 11.64 | 12.02 | 11.98 | Down |
| Hay Point | Australia | Vizag | India | 14.46 | 14.98 | 14.94 | Down |
| New Port News | USA | Vizag | India | 26.96 | 28.43 | 30.14 | Down |
| Houston | USA | Vizag | India | 25.47 | 26.67 | 28.47 | Down |
| Goa | India | Qingdao | China | 8.98 | 9.33 | 9.68 | Down |
| Paradip | India | Qingdao | China | 7.07 | 7.44 | 7.71 | Down |
| Bunati | Indonesia | Campha (12.3) | Vietnam | 7.48 | 7.76 | 8.33 | Down |
| Richards Bay | South Africa | Campha (12.3) | Vietnam | 15.02 | 15.46 | 16.26 | Down |
| Haypoint | Australia | Campha (12.3) | Vietnam | 13.44 | 13.91 | 14.51 | Down |
| Gladstone | Australia | Campha (12.3) | Vietnam | 13.67 | 14.15 | 14.76 | Down |
| Port Kembla | Australia | Campha (12.3) | Vietnam | 15.44 | 16.01 | 16.66 | Down |
| Teluk Rubiah | Malyasia | Campha (12.3) | Vietnam | 7.6 | 7.84 | 8.28 | Down |
| Vostochy (12.2M) | Russia | Paradip | India | 10.18 | 10.4 | 10.84 | Down |
| Vostochy (12.2M) | Russia | Krishnapatnam | India | 10.15 | 10.35 | 10.75 | Down |
| Vostochy (12.2M) | Russia | Hazira | India | 12.45 | 12.7 | 13.22 | Down |
| Vostochy (12.2M) | Russia | Jaigarh (13m) | India | 11.27 | 11.42 | 11.67 | Down |
| Vanino | Russia | Paradip | India | 10.27 | 10.45 | 10.77 | Down |
| Vanino | Russia | Krishnapatnam | India | 9.91 | 10.13 | 10.34 | Down |
| Vanino | Russia | Hazira | India | 12.1 | 12.38 | 12.65 | Down |
| Vanino | Russia | Jaigarh (13m) | India | 10.76 | 11 | 11.24 | Down |
| Vanino | Russia | Tuticorin (12.8M) | India | 9.87 | 10.1 | 10.32 | Down |
| Nakhodka (9.35M) | Russia | Paradip | India | 14.29 | 14.59 | 14.8 | Down |
| Nakhodka (9.35M) | Russia | Krishnapatnam | India | 14.08 | 14.34 | 14.53 | Down |
| Nakhodka (9.35M) | Russia | Hazira | India | 18.37 | 18.74 | 19.01 | Down |
| Nakhodka (9.35M) | Russia | Jaigarh (13m) | India | 16.22 | 16.53 | 16.76 | Down |
| Richards Bay | South Africa | ECI | India | 12.1 | 12.47 | 13.06 | Down |
| Richards Bay | South Africa | ECI | India | 13.34 | 13.75 | 14.43 | Down |
| PANAMAX VESSELS | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | FREIGHT(in USD/MT) | LAST WEEK FREIGHT (in USD/MT) | LAST MONTH FREIGHT(in USD/MT) | MOVEMENT |
| Richards Bay | South Africa | Jaigad(14m) | India | 9.67 | 10.03 | 11.46 | Down |
| Richards Bay | South Africa | Mundra | India | 9.06 | 9.43 | 10.86 | Down |
| Richards Bay | South Africa | Dhamra | India | 9.61 | 10.01 | 11.53 | Down |
| Richards Bay | South Africa | Krishnapattam | India | 9.16 | 9.54 | 11.01 | Down |
| Richards Bay | South Africa | Fangcheng | China | 10.81 | 11.38 | 12.54 | Down |
| Richards Bay | South Africa | Rizhao | China | 11.17 | 11.74 | 12.92 | Down |
| NPLCT | Indonesia | Dhamra | India | 6.35 | 6.64 | 7.03 | Down |
| NPLCT | Indonesia | Gangavaram | India | 6.58 | 6.88 | 7.27 | Down |
| NPLCT | Indonesia | Mundra | India | 6.22 | 6.59 | 7.05 | Down |
| NPLCT | Indonesia | Jaigad | India | 6.61 | 6.96 | 7.44 | Down |
| Hay Point | Australia | Vizag | India | 9.85 | 10.55 | 11.15 | Down |
| New Castle | Australia | Fangcheng | China | 9.42 | 10.09 | 10.77 | Down |
| New Castle | Australia | Rizhao | China | 9.8 | 10.48 | 11.17 | Down |
| New Port News | USA | Vizag | India | 21.74 | 22.29 | 23.03 | Down |
| Tanjung Bara CT | Indonesia | Fangcheng | China | 4.5 | 4.8 | 5.36 | Down |
| Tanjung Bara CT | Indonesia | Rizhao | China | 4.88 | 5.18 | 5.76 | Down |
| New Orleans | Mexico | Dhamra | India | 22.79 | 23.18 | 27.24 | Down |
| New Orleans | Mexico | Mundra | India | 23.44 | 23.84 | 28.37 | Down |
| New Orleans | Mexico | Rizhao | China | 26.34 | 26.82 | 31.99 | Down |
| CAPESIZE VESSELS | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | FREIGHT(in USD/MT) | LAST WEEK FREIGHT (in USD/MT) | LAST MONTH FREIGHT(in USD/MT) | MOVEMENT |
| Puerto Bolivar | Colombia | Dhamra | India | 16.89 | 18.09 | 18.54 | Down |
| Puerto Bolivar | Colombia | Mundra | India | 15.35 | 16.5 | 16.95 | Down |
| DBCT | Australia | Gangavaram | India | 8.6 | 9.1 | 8.78 | Down |
| DBCT | Australia | Mundra | India | 8.01 | 8.57 | 8.21 | Down |
| Richards Bay | South Africa | Gangavaram | India | 8.76 | 9.18 | 8.55 | Down |
| Richards Bay | South Africa | Mundra | India | 7.5 | 7.9 | 7.3 | Down |
| Puerto Bolivar | Colombia | Fangcheng | China | 16 | 17.13 | 17.32 | Down |
| Puerto Bolivar | Colombia | Qingdao | China | 16.65 | 17.85 | 18.25 | Down |
| Richards Bay | South Africa | Fangcheng | China | 9.6 | 10.05 | 9.31 | Down |
| Richards Bay | South Africa | Qingdao | China | 9.72 | 10.18 | 9.43 | Down |
| New Castle | Australia | Qingdao | China | 7.93 | 8.4 | 8.1 | Down |
| New Castle | Australia | Fangcheng | China | 8.3 | 8.8 | 8.48 | Down |
| Baltimore | USA | Mundra | India | 19.9 | 21.1 | 21.64 | Down |
| Norfolk | USA | Gangavaram | India | 21.26 | 22.45 | 23.04 | Down |
| TBCT | Indonesia | Qingdao | China | 4.27 | 4.5 | 4.36 | Down |
| TBCT | Indonesia | Fangcheng | China | 4.02 | 4.23 | 4.1 | Down |
| TBCT | Indonesia | Mundra | India | 5.15 | 5.45 | 5.2 | Down |
| TBCT | Indonesia | Gangavaram | India | 5.25 | 5.5 | 5.29 | Down |
Source: Bulk Marine
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