There was no significant change in the bulk freight rates during this week. The rates remained almost at the rates in the week last.
Despite imports of Coking Coal and Iron Ore coming down in China due to the 50% steel production cut, demand for cargo vessels remained intact as shipments of the commodities have escalated to the non-Chinese consumers.
The Baltic Dry Index is, however, moved downwards as demand for cargo vessels is expected to weaken in the next month as cargo shipping activity normally wanes in the year-end. On 17Nov’17, the index was reported at 1,371 points, down from the 1,481 points as on 9Nov’17.
The following are the ruling freight rates in terms of route and vessel type:
| SUPRAMAX | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LAST RATE | LAST WEEK | LAST MONTH | STATUS |
| Taboneo | Indonesia | Vizag | India | 11.18 | 10.92 | 11.04 | Up |
| Taboneo | Navlakhi | 13.18 | 12.87 | 13.02 | Up | ||
| Taboneo | Fangcheng | China | 10.81 | 10.54 | 10.63 | Up | |
| Taboneo | Rizhao | 11.7 | 11.41 | 11.5 | Up | ||
| Richards Bay | South Africa | Mundra | India | 15.31 | 14.85 | 14.77 | Up |
| Richards Bay | Paradip | 15.54 | 15.04 | 14.95 | Up | ||
| Hay Point | Australia | Huangpu(12.3m) | China | 15.39 | 15.05 | 15.38 | Up |
| Hay Point | Vizag | India | 19.41 | 18.95 | 19.37 | Up | |
| New Port News | USA | Vizag | 39.01 | 37.37 | 35.31 | Up | |
| Houston | Vizag | 36.05 | 34.64 | 33.01 | Up | ||
| Goa | India | Qingdao | China | 12.57 | 12.3 | 12.55 | Up |
| Paradip | Qingdao | 10.3 | 10.06 | 10.5 | Up | ||
| Bunati | Indonesia | Campha (12.3) | Vietnam | 13.73 | 12.8 | 12.65 | Up |
| Richards Bay | South Africa | Campha (12.3) | 24.18 | 22.72 | 23.45 | Up | |
| Haypoint | Australia | Campha (12.3) | 19.98 | 18.94 | 20.58 | Up | |
| Gladstone | Campha (12.3) | 20.4 | 19.33 | 18.91 | Up | ||
| Port Kembla | Campha (12.3) | 23.02 | 21.82 | 21.35 | Up | ||
| Teluk Rubiah | Malaysia | Campha (12.3) | 12.65 | 11.9 | 10.56 | Up | |
| Vostochy (12.2M) | Russia | Paradip | India | 14.35 | 13.87 | 14.13 | Up |
| Vostochy (12.2M) | Krishnapatnam | 13.99 | 13.55 | 13.78 | Up | ||
| Vostochy (12.2M) | Hazira | 17.29 | 16.74 | 17.03 | Up | ||
| Vostochy (12.2M) | Jaigarh (13m) | 15.17 | 14.71 | 14.95 | Up | ||
| Vanino | Paradip | 14.1 | 13.67 | 13.69 | Up | ||
| Vanino | Krishnapatnam | 13.49 | 12.98 | 13.07 | Up | ||
| Vanino | Hazira | 16.62 | 15.97 | 16.11 | Up | ||
| Vanino | Jaigarh (13m) | 14.65 | 14.1 | 14.18 | Up | ||
| Vanino | Tuticorin (12.8M) | 13.59 | 13.06 | 13.16 | Up | ||
| Nakhodka (9.35M) | Paradip | 19.79 | 18.94 | 19.44 | Up | ||
| Nakhodka (9.35M) | Krishnapatnam | 19.03 | 18.27 | 18.71 | Up | ||
| Nakhodka (9.35M) | Hazira | 25.31 | 24.24 | 24.88 | Up | ||
| Nakhodka (9.35M) | Jaigarh (13m) | 22.14 | 21.24 | 21.76 | Up | ||
| Richards Bay | South Africa | ECI | 17.72 | 17.17 | 17.07 | Up | |
| Richards Bay | ECI | 19.69 | 19.07 | 18.96 | Up | ||
| PANAMAX | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LAST RATE | LAST WEEK | LAST MONTH | STATUS |
| Richards Bay | South Africa | Jaigad(14m) | India | 13.34 | 13.32 | 13.23 | Up |
| Richards Bay | Mundra | 12.75 | 12.72 | 12.63 | Up | ||
| Richards Bay | Dhamra | 13.54 | 13.52 | 13.42 | Up | ||
| Richards Bay | Krishnapattam | 12.95 | 12.93 | 12.83 | Up | ||
| Richards Bay | Fangcheng | China | 15.28 | 15.22 | 15.13 | Up | |
| Richards Bay | Rizhao | 15.71 | 15.64 | 15.55 | Up | ||
| NPLCT | Indonesia | Dhamra | India | 9.29 | 8.97 | 8.67 | Up |
| NPLCT | Gangavaram | 9.56 | 9.23 | 8.93 | Up | ||
| NPLCT | Mundra | 9.82 | 9.42 | 9.06 | Up | ||
| NPLCT | Jaigad | 10.16 | 9.77 | 9.41 | Up | ||
| Hay Point | Australia | Vizag | 15.35 | 14.93 | 14.61 | Up | |
| New Castle | Fangcheng | China | 14.71 | 14.36 | 13.98 | Up | |
| New Castle | Rizhao | 15.17 | 14.81 | 14.43 | Up | ||
| New Port News | USA | Vizag | India | 29.79 | 30.29 | 28.02 | Down |
| Tanjung Bara CT | Indonesia | Fangcheng | China | 8.25 | 7.9 | 7.05 | Up |
| Tanjung Bara CT | Rizhao | 8.72 | 8.36 | 7.5 | Up | ||
| New Orleans | USA | Dhamra | India | 30.68 | 30.98 | 29.31 | Down |
| New Orleans | Mundra | 32.02 | 32.37 | 30.51 | Down | ||
| New Orleans | Rizhao | China | 36.28 | 36.67 | 34.54 | Down | |
| CAPESIZE | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LAST RATE | PAST WEEK | LAST MONTH | STATUS |
| Puerto Bolivar | Colombia | Dhamra | India | 20.32 | 19.96 | 22.7 | Up |
| Puerto Bolivar | Mundra | 18.65 | 18.3 | 20.95 | Up | ||
| DBCT | Australia | Gangavaram | 11.65 | 11.4 | 11.75 | Up | |
| DBCT | Mundra | 11.37 | 11.1 | 11.48 | Up | ||
| Richards Bay | South Africa | Gangavaram | 12.15 | 11.91 | 12.75 | Up | |
| Richards Bay | Mundra | 10.73 | 10.5 | 11.3 | Up | ||
| Puerto Bolivar | Colombia | Fangcheng | China | 22.19 | 21.69 | 21.37 | Up |
| Puerto Bolivar | Qingdao | 23.25 | 22.65 | 22.35 | Up | ||
| Richards Bay | South Africa | Fangcheng | 13.25 | 12.95 | 13.91 | Up | |
| Richards Bay | Qingdao | 13.43 | 13.12 | 14.1 | Up | ||
| New Castle | Australia | Qingdao | 10.95 | 10.5 | 10.83 | Up | |
| New Castle | Fangcheng | 11.53 | 11.05 | 11.4 | Up | ||
| Baltimore | USA | Mundra | India | 26.35 | 25.8 | 27.65 | Up |
| Norfolk | Gangavaram | 27.72 | 27.16 | 29.03 | Up | ||
| TBCT | Indonesia | Qingdao | China | 6.46 | 6.27 | 6.7 | Up |
| TBCT | Fangcheng | 6.02 | 5.84 | 6.23 | Up | ||
| TBCT | Mundra | India | 7.71 | 7.55 | 7.95 | Up | |
| TBCT | Gangavaram | 7.46 | 7.32 | 7.67 | Up | ||
Source: BULK MARINE
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