The bulk shipping freight rates have remained steady in an environment dominated by strong and uniform demand for cargo vessels.
There has been strong demand for cargo vessels due to the substantial imports of coal and iron ore in China.
Consumption of coal and iron ore has increased in China as the steel plants in that country operated at high rates. Chinese steel makers have preferred importing Coking Coal and iron ore in bulk volumes to not only cater to their daily consumptions but also to stock the materials for future use.
However, the demand pattern was uniform, and therefore there was no upward movement in the freight rates.
In the meantime, the Baltic Dry Index has exhibited an upward trend as demand for all classes of vessels have strengthened. On 4Aug’17, the index was reported at 1,032 points, up from 933 points, as on 28 July’17.
The following are the freight rates in respect to route and vessel class:
| SUPRAMAX (Freight in USD/MT) | |||||||
| LOAD | COUNTRY | DISCHARGE | COUNTRY | FREIGHT(in USD/MT), As on 30 Jun’17 | LAST WEEK FREIGHT (in USD/MT) | LAST MONTH FREIGHT(in USD/MT) | MOVEMENT |
| Taboneo | Indonesia | Vizag | India | 8.47 | 8.03 | 7.34 | ↑ |
| Taboneo | Indonesia | Navlakhi | India | 9.96 | 9.42 | 8.62 | ↑ |
| Taboneo | Indonesia | Fangcheng | China | 8.14 | 7.59 | 6.84 | ↑ |
| Taboneo | Indonesia | Rizhao | China | 8.83 | 8.24 | 7.45 | ↑ |
| Richards Bay | South Africa | Mundra | India | 11.23 | 10.95 | 10.63 | ↑ |
| Richards Bay | South Africa | Paradip | India | 11.12 | 10.81 | 10.44 | ↑ |
| Hay Point | Australia | Huangpu(12.3m) | China | 12.87 | 12.3 | 11.64 | ↑ |
| Hay Point | Australia | Vizag | India | 16.04 | 15.31 | 14.46 | ↑ |
| New Port News | USA | Vizag | India | 30.57 | 29.12 | 26.96 | ↑ |
| Houston | USA | Vizag | India | 28.39 | 27.03 | 25.47 | ↑ |
| Goa | India | Qingdao | China | 9.62 | 8.99 | 8.98 | ↑ |
| Paradip | India | Qingdao | China | 7.99 | 7.75 | 7.07 | ↑ |
| Bunati | Indonesia | Campha (12.3) | Vietnam | 8.22 | 7.85 | 7.48 | ↑ |
| Richards Bay | South Africa | Campha (12.3) | Vietnam | 15.86 | 15.4 | 15.02 | ↑ |
| Haypoint | Australia | Campha (12.3) | Vietnam | 14.43 | 13.85 | 13.44 | ↑ |
| Gladstone | Australia | Campha (12.3) | Vietnam | 14.68 | 14.08 | 13.67 | ↑ |
| Port Kembla | Australia | Campha (12.3) | Vietnam | 16.57 | 15.89 | 15.44 | ↑ |
| Teluk Rubiah | Malaysia | Campha (12.3) | Vietnam | 8.19 | 7.89 | 7.6 | ↑ |
| Vostochy (12.2M) | Russia | Paradip | India | 10.46 | 10.43 | 10.18 | ↑ |
| Vostochy (12.2M) | Russia | Krishnapatnam | India | 10.64 | 10.65 | 10.15 | ↓ |
| Vostochy (12.2M) | Russia | Hazira | India | 13.09 | 13.09 | 12.45 | ↓ |
| Vostochy (12.2M) | Russia | Jaigarh (13m) | India | 11.52 | 11.54 | 11.27 | ↓ |
| Vanino | Russia | Paradip | India | 10.76 | 10.71 | 10.27 | ↑ |
| Vanino | Russia | Krishnapatnam | India | 10.31 | 10.25 | 9.91 | ↑ |
| Vanino | Russia | Hazira | India | 12.63 | 12.54 | 12.1 | ↑ |
| Vanino | Russia | Jaigarh (13m) | India | 11.18 | 11.12 | 10.76 | ↑ |
| Vanino | Russia | Tuticorin (12.8M) | India | 10.29 | 10.23 | 9.87 | ↑ |
| Nakhodka (9.35M) | Russia | Paradip | India | 14.61 | 14.59 | 14.29 | ↑ |
| Nakhodka (9.35M) | Russia | Krishnapatnam | India | 14.3 | 14.3 | 14.08 | ↑ |
| Nakhodka (9.35M) | Russia | Hazira | India | 18.8 | 18.76 | 18.37 | ↑ |
| Nakhodka (9.35M) | Russia | Jaigarh (13m) | India | 16.51 | 16.5 | 16.22 | ↑ |
| Richards Bay | South Africa | ECI | India | 12.8 | 12.46 | 12.1 | ↑ |
| Richards Bay | South Africa | ECI | India | 14.14 | 13.75 | 13.34 | ↑ |
| PANAMAX(Freight in USD/MT) | |||||||
| LOAD | COUNTRY | DISCHARGE | COUNTRY | FREIGHT(in USD/MT), As on 30 Jun’17 | LAST WEEK FREIGHT (in USD/MT) | LAST MONTH FREIGHT(in USD/MT) | MOVEMENT |
| Richards Bay | South Africa | Jaigad(14m) | India | 11.08 | 11.09 | 9.67 | ↑ |
| Richards Bay | South Africa | Mundra | India | 10.48 | 10.49 | 9.06 | ↓ |
| Richards Bay | South Africa | Dhamra | India | 11.13 | 11.13 | 9.61 | ↓ |
| Richards Bay | South Africa | Krishnapattam | India | 10.62 | 10.63 | 9.16 | ↓ |
| Richards Bay | South Africa | Fangcheng | China | 11.9 | 11.86 | 10.81 | ↑ |
| Richards Bay | South Africa | Rizhao | China | 12.27 | 12.23 | 11.17 | ↑ |
| NPLCT | Indonesia | Dhamra | India | 7 | 7.03 | 6.35 | ↓ |
| NPLCT | Indonesia | Gangavaram | India | 7.24 | 7.27 | 6.58 | ↓ |
| NPLCT | Indonesia | Mundra | India | 7.02 | 7.04 | 6.22 | ↓ |
| NPLCT | Indonesia | Jaigad | India | 7.4 | 7.43 | 6.61 | ↓ |
| Hay Point | Australia | Vizag | India | 11.07 | 11.26 | 9.85 | ↓ |
| New Castle | Australia | Fangcheng | China | 10.44 | 10.68 | 9.42 | ↓ |
| New Castle | Australia | Rizhao | China | 10.83 | 11.07 | 9.8 | ↓ |
| New Port News | USA | Vizag | India | 23.76 | 24.12 | 21.74 | ↓ |
| Tanjung Bara CT | Indonesia | Fangcheng | China | 5.26 | 5.31 | 4.5 | ↓ |
| Tanjung Bara CT | Indonesia | Rizhao | China | 5.66 | 5.71 | 4.88 | ↓ |
| New Orleans | Mexico | Dhamra | India | 24.51 | 25.11 | 22.79 | ↓ |
| New Orleans | Mexico | Mundra | India | 25.38 | 26.07 | 23.44 | ↓ |
| New Orleans | Mexico | Rizhao | China | 28.54 | 29.32 | 26.34 | ↓ |
| CAPESIZE(Freight in USD/MT) | |||||||
| LOAD | COUNTRY | DISCHARGE | COUNTRY | FREIGHT(in USD/MT), As on 30 Jun’17 | LAST WEEK FREIGHT (in USD/MT) | LAST MONTH FREIGHT(in USD/MT) | MOVEMENT |
| Puerto Bolivar | Colombia | Dhamra | India | 15.96 | 14.71 | 16.89 | ↑ |
| Puerto Bolivar | Colombia | Mundra | India | 14.45 | 13.25 | 15.35 | ↑ |
| DBCT | Australia | Gangavaram | India | 8.27 | 7.35 | 8.6 | ↑ |
| DBCT | Australia | Mundra | India | 7.65 | 6.64 | 8.01 | ↑ |
| Richards Bay | South Africa | Gangavaram | India | 7.66 | 7.45 | 8.76 | ↑ |
| Richards Bay | South Africa | Mundra | India | 6.45 | 6.25 | 7.5 | ↑ |
| Puerto Bolivar | Colombia | Fangcheng | China | 15.12 | 13.97 | 16 | ↑ |
| Puerto Bolivar | Colombia | Qingdao | China | 15.75 | 14.55 | 16.65 | ↑ |
| Richards Bay | South Africa | Fangcheng | China | 8.35 | 8.15 | 9.6 | ↑ |
| Richards Bay | South Africa | Qingdao | China | 8.45 | 8.25 | 9.72 | ↑ |
| New Castle | Australia | Qingdao | China | 7.04 | 6.76 | 7.93 | ↑ |
| New Castle | Australia | Fangcheng | China | 7.35 | 7.05 | 8.3 | ↑ |
| Baltimore | USA | Mundra | India | 17.45 | 16.15 | 19.9 | ↑ |
| Norfolk | USA | Gangavaram | India | 18.8 | 17.51 | 21.26 | ↑ |
| TBCT | Indonesia | Qingdao | China | 3.72 | 3.76 | 4.27 | ↓ |
| TBCT | Indonesia | Fangcheng | China | 3.52 | 3.56 | 4.02 | ↓ |
| TBCT | Indonesia | Mundra | India | 4.68 | 4.55 | 5.15 | ↑ |
| TBCT | Indonesia | Gangavaram | India | 4.84 | 4.73 | 5.25 | ↑ |
Source: BULK MARINE
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