The bulk shipping freight rates have not undergone any change from that the week last.
There has been no spurt in cargo shipping activity after all the ports in the Queensland region of Australia resumed operations after the temporary disruption resulted after the occurrence of the Debbie cyclone. Bulk shipping freight rates have thus remained unchanged.
However, imports of coal and iron-ore by China are expected to gain momentum in the coming week. Also, imports of Coking Coal by Indian steel makers are expected to rise. Demand for cargo vessels is also going to rise in the coming days.
Current freight rates (coal cargoes)
| Route | Supramax | Panamax | Capesize |
| Australia to India | 17 | 14 | 10 |
| South Africa to India | 14 | 13.5 | 9 |
| Indonesia to India | 9 | 9 | 6 |
Current freight rates (iron ore cargoes)
| Route | Supramax |
| India to China | 11 |
Freights in USD/MT
Source: CoalMint Research
The Baltic Dry Index has shown a continuous downfall as due to the weak demand for cargo vessels. On 28Apr’17, the index was at 1,109 points, having fallen from 1,195 points, as on 19Apr’17. The index is an indicator of global freight rate movements, in respect to all classes of vessels, transporting all kind of commodities, including coal and iron ore.
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