The bulk freight rates are going to come down as the winter holiday period has started. In Australia, the winter holidays will stretch upto 8 Jan’18, during which shipments of coal and iron ore will shrink. Shipments of the commodities in other regions also will lessen due to the Christmas holidays. The stoppage in trading activities during the holidays will reduce demand for cargo vessels, thus the freight rates will come down.
As a consequence of the weakening demand for cargo vessels, the Baltic Dry Index has traced a sliding path. On 22Dec’17, the index was reported at 1,366 points, down from the 1,619 points as on 15Dec’17.
The prevailing cargo vessel freight rates are as follows, in terms of vessel type and route:
| SUPRAMAX | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LATEST | LAST WEEK | LAST MONTH | STATUS |
| Taboneo | Indonesia | Vizag | India | 9.51 | 8.65 | 10.25 | Up |
| Taboneo | Navlakhi | 11.24 | 10.22 | 12.08 | Up | ||
| Taboneo | Fangcheng | China | 9.13 | 8.35 | 9.87 | Up | |
| Taboneo | Rizhao | 9.94 | 9.12 | 10.7 | Up | ||
| Richards Bay | South Africa | Mundra | India | 13.6 | 13.07 | 14.63 | Up |
| Richards Bay | Paradip | 13.64 | 13.05 | 14.8 | Up | ||
| Hay Point | Australia | Huangpu(12.3m) | China | 14.29 | 13.32 | 14.58 | Up |
| Hay Point | Vizag | India | 17.7 | 16.35 | 18.34 | Up | |
| New Port News | USA | Vizag | 36.27 | 35.28 | 38.05 | Up | |
| Houston | Vizag | 33.95 | 33.81 | 35.35 | Up | ||
| Goa | India | Qingdao | China | 11.62 | 10.94 | 12.11 | Up |
| Paradip | Qingdao | 8.81 | 8.47 | 9.89 | Up | ||
| Bunati | Indonesia | Campha (12.3) | Vietnam | 10.16 | 8.6 | 12.24 | Up |
| Richards Bay | South Africa | Campha (12.3) | 20.4 | 19.31 | 22.81 | Up | |
| Haypoint | Australia | Campha (12.3) | 16.48 | 15.04 | 18.02 | Up | |
| Gladstone | Campha (12.3) | 16.81 | 15.34 | 18.39 | Up | ||
| Port Kembla | Campha (12.3) | 19.05 | 17.4 | 20.77 | Up | ||
| Teluk Rubiah | Malaysia | Campha (12.3) | 9.83 | 8.55 | 10.97 | Up | |
| Vostochy (12.2M) | Russia | Paradip | India | 12.27 | 11.44 | 13.4 | Up |
| Vostochy (12.2M) | Krishnapatnam | 12.1 | 11.36 | 13.12 | Up | ||
| Vostochy (12.2M) | Hazira | 14.89 | 13.94 | 16.19 | Up | ||
| Vostochy (12.2M) | Jaigarh (13m) | 13.16 | 12.37 | 14.25 | Up | ||
| Vanino | Paradip | 12.16 | 11.23 | 13.24 | Up | ||
| Vanino | Krishnapatnam | 11.75 | 10.92 | 12.57 | Up | ||
| Vanino | Hazira | 14.39 | 13.33 | 15.45 | Up | ||
| Vanino | Jaigarh (13m) | 12.78 | 11.88 | 13.66 | Up | ||
| Vanino | Tuticorin (12.8M) | 11.78 | 10.91 | 12.63 | Up | ||
| Nakhodka (9.35M) | Paradip | 16.99 | 15.91 | 18.27 | Up | ||
| Nakhodka (9.35M) | Krishnapatnam | 16.55 | 15.61 | 17.67 | Up | ||
| Nakhodka (9.35M) | Hazira | 21.74 | 20.35 | 23.38 | Up | ||
| Nakhodka (9.35M) | Jaigarh (13m) | 19.16 | 18.02 | 20.51 | Up | ||
| Richards Bay | South Africa | ECI | 15.72 | 15.09 | 16.92 | Up | |
| Richards Bay | ECI | 17.41 | 16.7 | 18.78 | Up | ||
| PANAMAX | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LATEST | LAST WEEK | LAST MONTH | STATUS |
| Richards Bay | South Africa | Jaigad(14m) | India | 12.87 | 12.59 | 13.44 | Up |
| Richards Bay | Mundra | 12.28 | 11.99 | 12.85 | Up | ||
| Richards Bay | Dhamra | 13.05 | 12.75 | 13.65 | Up | ||
| Richards Bay | Krishnapattam | 12.47 | 12.18 | 13.06 | Up | ||
| Richards Bay | Fangcheng | China | 14.97 | 14.57 | 15.15 | Up | |
| Richards Bay | Rizhao | 15.39 | 14.98 | 15.57 | Up | ||
| NPLCT | Indonesia | Dhamra | India | 8.29 | 8.08 | 8.98 | Up |
| NPLCT | Gangavaram | 8.54 | 8.33 | 9.25 | Up | ||
| NPLCT | Mundra | 8.61 | 8.35 | 9.44 | Up | ||
| NPLCT | Jaigad | 8.94 | 8.69 | 9.79 | Up | ||
| Hay Point | Australia | Vizag | 13.68 | 13.27 | 14.75 | Up | |
| New Castle | Fangcheng | China | 13.2 | 12.97 | 14.02 | Up | |
| New Castle | Rizhao | 13.64 | 13.41 | 14.47 | Up | ||
| New Port News | USA | Vizag | India | 28.5 | 27.79 | 29.89 | Up |
| Tanjung Bara CT | Indonesia | Fangcheng | China | 6.58 | 6.22 | 7.75 | Up |
| Tanjung Bara CT | Rizhao | 7.01 | 6.65 | 8.21 | Up | ||
| New Orleans | USA | Dhamra | India | 30.93 | 30.09 | 30.68 | Up |
| New Orleans | Mundra | 32.16 | 31.19 | 32.02 | Up | ||
| New Orleans | Rizhao | China | 36.52 | 35.44 | 36.28 | Up | |
| CAPESIZE | |||||||
| Freight in USD/MT | |||||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | LATEST | PAST WEEK | LAST MONTH | STATUS |
| Puerto Bolivar | Colombia | Dhamra | India | 22.61 | 21.58 | 21.2 | Up |
| Puerto Bolivar | Mundra | 20.85 | 19.85 | 19.5 | Up | ||
| DBCT | Australia | Gangavaram | 12.26 | 11.8 | 11.81 | Up | |
| DBCT | Mundra | 12.05 | 11.55 | 11.55 | Up | ||
| Richards Bay | South Africa | Gangavaram | 12.8 | 12.28 | 12.65 | Up | |
| Richards Bay | Mundra | 11.35 | 10.85 | 11.2 | Up | ||
| Puerto Bolivar | Colombia | Fangcheng | China | 22.9 | 21.95 | 22.19 | Up |
| Puerto Bolivar | Qingdao | 24.05 | 23 | 23.25 | Up | ||
| Richards Bay | South Africa | Fangcheng | 13.61 | 13.17 | 13.6 | Up | |
| Richards Bay | Qingdao | 13.8 | 13.35 | 13.78 | Up | ||
| New Castle | Australia | Qingdao | 11.1 | 10.64 | 11.2 | Up | |
| New Castle | Fangcheng | 11.7 | 11.2 | 11.8 | Up | ||
| Baltimore | USA | Mundra | India | 29.05 | 28.1 | 28.15 | Up |
| Norfolk | Gangavaram | 30.4 | 29.44 | 29.52 | Up | ||
| TBCT | Indonesia | Qingdao | China | 6.69 | 6.14 | 6.57 | Up |
| TBCT | Fangcheng | 6.22 | 5.72 | 6.12 | Up | ||
| TBCT | Mundra | India | 8.05 | 7.4 | 7.8 | Up | |
| TBCT | Gangavaram | 7.74 | 7.18 | 7.54 | Up | ||
Source: BULK MARINE
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