Ship owners have not changed their freight rates as demand for cargo vessels was lower than the availability of cargo vessels.
As a consequence of the lower demand for cargo vessels, the Baltic Dry Index has fallen to 851 points, as on 15Jun’17, from 870 points, as on 13Jun’17.
The following are the prevailing freight rates in respect to all classes of vessels.
| 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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