The bulk freight rates are expected to fall from the current levels in Feb’18 as the festival holidays in China will shrink import activities.
There also has not been any strengthening of demand for cargo vessels in the recent past as shipments of Coking Coal from Australia is on the wane due to the buyers of the coal postponing their imports in view of the falling prices of the coal. The demand for cargo vessels has thus remained uniform, and as a result of which the freight rates remained unchanged.
On account of the uniform demand for cargo vessels, the Baltic Dry Index has shown an upward movement. On 26 Jan’18, the index was reported at 1,219 points, up from the 1,125 points as on 19Jan’18.
The following are the prevailing cargo vessel 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
Leave a Reply