The bulk freight rates have fallen recently across all classes of vessels.
The declines in the freight rates were due to shrinkage in the cargo shipping activities mainly on account of the winter holidays going on in the key trading regions across the world, including Australia.
However, the freight rates are expected to turn upwards, post the holidays getting over, by the end of the first week of Jan’18, as shipments of the commodities, such as coal and iron ore will resume actively.
The Baltic Dry Index was last reported at 1,366 points, exhibiting a downward trend due to the demand for cargo vessels slackening due to the shrinkage in the shipping activities.
The current cargo vessel freight rates are depicted in the following tables in terms of the route and the vessel type:
| SUPRAMAX | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | 15Dec’17 | LAST WEEK | LAST MONTH | STATUS |
| Taboneo | Indonesia | Vizag | India | 8.95 | 9.37 | 8.65 | Down |
| Taboneo | Navlakhi | 10.56 | 11.06 | 10.22 | Down | ||
| Taboneo | Fangcheng | China | 8.64 | 9.12 | 8.35 | Down | |
| Taboneo | Rizhao | 9.42 | 9.93 | 9.12 | Down | ||
| Richards Bay | South Africa | Mundra | India | 14.24 | 14.25 | 13.07 | Down |
| Richards Bay | Paradip | 14.34 | 14.36 | 13.05 | Down | ||
| Hay Point | Australia | Huangpu(12.3m) | China | 13.26 | 13.81 | 13.32 | Down |
| Hay Point | Vizag | India | 16.58 | 17.01 | 16.35 | Down | |
| New Port News | USA | Vizag | 34.81 | 35.18 | 35.28 | Down | |
| Houston | Vizag | 32.85 | 33.25 | 33.81 | Down | ||
| Goa | India | Qingdao | China | 11.71 | 11.46 | 10.94 | Up |
| Paradip | Qingdao | 8.73 | 8.77 | 8.47 | Down | ||
| Bunati | Indonesia | Campha (12.3) | Vietnam | 9.94 | 10.49 | 8.6 | Down |
| Richards Bay | South Africa | Campha (12.3) | 19.32 | 20.14 | 19.31 | Down | |
| Haypoint | Australia | Campha (12.3) | 15.49 | 16.26 | 15.04 | Down | |
| Gladstone | Campha (12.3) | 15.8 | 16.59 | 15.34 | Down | ||
| Port Kembla | Campha (12.3) | 17.9 | 18.78 | 17.4 | Down | ||
| Teluk Rubiah | Malaysia | Campha (12.3) | 9.99 | 10.18 | 8.55 | Down | |
| Vostochy (12.2M) | Russia | Paradip | India | 11.39 | 11.7 | 11.44 | Down |
| Vostochy (12.2M) | Krishnapatnam | 11.31 | 11.59 | 11.36 | Down | ||
| Vostochy (12.2M) | Hazira | 13.88 | 14.24 | 13.94 | Down | ||
| Vostochy (12.2M) | Jaigarh (13m) | 12.31 | 12.61 | 12.37 | Down | ||
| Vanino | Paradip | 11.44 | 11.59 | 11.23 | Down | ||
| Vanino | Krishnapatnam | 11.12 | 11.24 | 10.92 | Down | ||
| Vanino | Hazira | 13.57 | 13.74 | 13.33 | Down | ||
| Vanino | Jaigarh (13m) | 12.11 | 12.23 | 11.88 | Down | ||
| Vanino | Tuticorin (12.8M) | 11.12 | 11.25 | 10.91 | Down | ||
| Nakhodka (9.35M) | Paradip | 15.82 | 16.24 | 15.91 | Down | ||
| Nakhodka (9.35M) | Krishnapatnam | 15.53 | 15.9 | 15.61 | Down | ||
| Nakhodka (9.35M) | Hazira | 20.25 | 20.78 | 20.35 | Down | ||
| Nakhodka (9.35M) | Jaigarh (13m) | 17.93 | 18.37 | 18.02 | Down | ||
| Richards Bay | South Africa | ECI | 16.48 | 16.48 | 15.09 | No Change | |
| Richards Bay | ECI | 18.27 | 18.27 | 16.7 | No Change | ||
| PANAMAX | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | 15Dec’17 | LAST WEEK | LAST MONTH | STATUS |
| Richards Bay | South Africa | Jaigad(14m) | India | 12.72 | 12.93 | 12.59 | Down |
| Richards Bay | Mundra | 12.12 | 12.33 | 11.99 | Down | ||
| Richards Bay | Dhamra | 12.88 | 13.1 | 12.75 | Down | ||
| Richards Bay | Krishnapattam | 12.31 | 12.53 | 12.18 | Down | ||
| Richards Bay | Fangcheng | China | 14.67 | 14.84 | 14.57 | Down | |
| Richards Bay | Rizhao | 15.08 | 15.25 | 14.98 | Down | ||
| NPLCT | Indonesia | Dhamra | India | 8.5 | 8.58 | 8.08 | Down |
| NPLCT | Gangavaram | 8.75 | 8.84 | 8.33 | Down | ||
| NPLCT | Mundra | 8.86 | 8.96 | 8.35 | Down | ||
| NPLCT | Jaigad | 9.19 | 9.3 | 8.69 | Down | ||
| Hay Point | Australia | Vizag | 14.08 | 14.37 | 13.27 | Down | |
| New Castle | Fangcheng | China | 13.56 | 14.25 | 12.97 | Down | |
| New Castle | Rizhao | 14.01 | 14.71 | 13.41 | Down | ||
| New Port News | USA | Vizag | India | 30.11 | 28.56 | 27.79 | Up |
| Tanjung Bara CT | Indonesia | Fangcheng | China | 7.06 | 7.23 | 6.22 | Down |
| Tanjung Bara CT | Rizhao | 7.51 | 7.68 | 6.65 | Down | ||
| New Orleans | USA | Dhamra | India | 33.05 | 30.77 | 30.09 | Up |
| New Orleans | Mundra | 34.51 | 32.02 | 31.19 | Up | ||
| New Orleans | Rizhao | China | 39.22 | 36.34 | 35.44 | Up | |
| CAPESIZE | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | 15Dec’17 | PAST WEEK | LAST MONTH | STATUS |
| Puerto Bolivar | Colombia | Dhamra | India | 24.11 | 26.28 | 21.58 | Down |
| Puerto Bolivar | Mundra | 22.3 | 24.4 | 19.85 | Down | ||
| DBCT | Australia | Gangavaram | 12.76 | 13.22 | 11.8 | Down | |
| DBCT | Mundra | 12.6 | 13.1 | 11.55 | Down | ||
| Richards Bay | South Africa | Gangavaram | 13.7 | 14.48 | 12.28 | Down | |
| Richards Bay | Mundra | 12.2 | 12.95 | 10.85 | Down | ||
| Puerto Bolivar | Colombia | Fangcheng | China | 24.83 | 26.85 | 21.95 | Down |
| Puerto Bolivar | Qingdao | 26.05 | 28.15 | 23 | Down | ||
| Richards Bay | South Africa | Fangcheng | 14.36 | 15.09 | 13.17 | Down | |
| Richards Bay | Qingdao | 14.55 | 15.3 | 13.35 | Down | ||
| New Castle | Australia | Qingdao | 11.62 | 12.09 | 10.64 | Down | |
| New Castle | Fangcheng | 12.25 | 12.75 | 11.2 | Down | ||
| Baltimore | USA | Mundra | India | 31.14 | 33.25 | 28.1 | Down |
| Norfolk | Gangavaram | 32.51 | 34.65 | 29.44 | Down | ||
| TBCT | Indonesia | Qingdao | China | 7.07 | 7.48 | 6.14 | Down |
| TBCT | Fangcheng | 6.57 | 6.95 | 5.72 | Down | ||
| TBCT | Mundra | India | 8.45 | 8.85 | 7.4 | Down | |
| TBCT | Gangavaram | 8.09 | 8.44 | 7.18 | Down | ||
Source: BULK MARINE
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