The bulk freight rates have remained at highs as stronger demand for cargo vessels prevented any downturn in the rates.
Shipments of Thermal Coal and Iron Ore have escalated to China, where imports of the commodities intensified as the winter season is traditionally a stocking period in that country. At the same time, imports of Coking Coal in various steel producing nations also strengthened to significant levels as the steel makers were in importing spree to stock the coal ahead of the winter holidays to commence in Australia, the main Coking Coal supply region, from 20Dec’17.
The Baltic Dry Index has climbed up to 1,702 points as on 8Dec’17 on the back of the prevalence of strong demand for cargo vessels. On 29Nov’17, the index was recorded at 1,536 points.
The following are the ruling freight rates 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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