Panamax coal freight rates on established routes from South Africa’s Richards Bay and Indonesia to India ended the week sharply higher Friday as grain cargoes in the US Gulf continued to absorb tonnage, even as Capesize freight rates began to lose steam.

Panamax freight rates on the Richards Bay to India route have largely remained in the range of $17-20/mt, depending on the port location, shipment quantity and bargaining power of the charterer, sources said.

For a Panamax sailing from Richards Bay to India’s east coast in October, charterers are asking for about $17.20/mt while vessel owners are asking for about $19.50/mt, an India-based shipbroker said.

Several sources said that vessel owners today are asking for a premium for India-bound vessels, as they prefer to ballast to the US Gulf for grain cargoes.

“Vessel owners are asking for higher numbers, but I haven’t seen any fixtures at those numbers,” a Singapore-based coal trader said.

He said he is holding back on shipping coal as freight rates continue to rise.

“The biggest trade lane for Panamaxes is still ‘Intra-Asian’ which is predominantly Australia-Asia and Indonesia-Asia, but we have seen a steady increase in Americas-Asia which includes Brazil/Colombia/US,” Arctic Securities analyst Erik Nikolai Stavseth said in his daily report on Friday.

At least three Panamax vessels carrying coal between the east coast of Australia and the east coast of India were reportedly fixed this week in the range of $21.75-23/mt.

“A busy week in the Atlantic saw rates climb, driven by demand for grain loaders from the US Gulf. Front haul levels are very firm and trans-Atlantic trade has also improved,” broker Braemar Seascope said in its weekly note on Thursday.

Platts assessed the daily Panamax freight rates from South Africa’s Richards Bay to India’s west coast at $18.70/mt and to the east coast at $19.30/mt, both up 20 cents on-day and up $1.30/mt on-week.

Platts also assessed the daily Panamax freight rates from South Kalimantan to India’s west coast at $13.80/mt and to the east coast at $12.40/mt, both up 20 cents on-day and up $1.10 and 90 cents, respectively, week-on-week.

Panamax voyage charter rates cost an average of $15,000-16,000/day in the Pacific basin currently, but vessel owners are asking a premium of nearly $1,000-2,000/day to go to India, a Singapore-based shipbroker said.

For Panamax vessels plying the East Kalimantan to India east coast route, freight rates are in the high $12/mt levels, and about $13-14/mt for those sailing to the west coast, another Singapore-based trader said.

A Supramax vessel will cost $13.20/mt for the East Kalimantan to India’s east coast and about $15/mt to the west coast, a Singapore-based broker said.

A Supramax fixture between South Kalimantan and India East was reportedly concluded at $12.50/mt and vessel owners are asking for $12.85/mt, while charterers are asking for $12.50/mt, according to a India-based shipbroker.

CAPESIZE LOSES STEAM

Earlier in the week, Capesize rates faltered which led to some market participants speculating that Panamax rates could fall in tandem.

According to the Baltic Exchange, the daily time charter rate for Capesize vessels on September 27 was $38,023, falling to $36,425 on September 30 and rising back to $37,119 on October 3.

Baltic Exchange data showed the daily time charter rate for Panamax and Supramax vessels at $14,388 and $11,279 on September 30. On October 3, the daily time charter rates for Panamax and Supramax vessels were $14,932 and $11,512 respectively.

“The Panamax and Supramax market segments are expected to cool off this week,” a Singapore-based coal trader had said earlier this week.

“The downward correction in the Capesize segment was expected by the majority of the market, but the sentiment is still overall positive especially as big commodities traders are becoming increasingly interested in period fixing for the final quarter of the year and thus locking current rates,” according to Greek shipbroker Intermodal’s weekly report on Tuesday.

These big commodities traders are understood to include Archer Daniels Midland, Cargill and Louis Dreyfus, according to the broker.

Capesize freight rates are expected to pick up after the Chinese Golden Week holidays which makes most vessel owners hesitant to fix this week, broker Fearnleys said in its weekly note on Wednesday.
Source: Platts

 

 

http://club211.net/userinfo.php?uid=58893
http://knettishall.org/xoops/userinfo.php?uid=105002
http://www.loveformusic.it/site/
http://mycenturyclub.com/portal/userinfo.php?uid=87845
http://prophecyforum.net/index.php?action=profile;u=15930
http://papiloscopistas.org/novo/userinfo.php?uid=47425
http://www.nagasaka.com/userinfo.php?uid=53453
http://storycardsrpg.com/userinfo.php?uid=85604
http://www.ristorantelafontevillapiana.it/lido/userinfo.php?uid=37845
http://www.mic21.com/staff/userinfo.php?uid=97729
http://wow.araveritas.com/userinfo.php?uid=79593
http://sagefactory.sakura.ne.jp/xoops/userinfo.php?uid=31182
http://www.youngzonejewelry.com/userinfo.php?uid=126210
http://310thtophatsquadron.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=60461
https://www.centos.org/
http://www.msn-fun.com/forum/profile.php?section=personality&id=98414
http://allaboutkidsinflatables.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=132682
http://aussiedirtkickers4x4.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=40830
http://albalifetk.altervista.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=41786
http://www.kktsd.jp/tsd/userinfo.php?uid=104547
http://artex.altervista.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=12269
http://blogvivi.com/nuke/modules.php?name=Forums&file=profile&mode=viewprofile&u=23964
http://birdcam.backyardwildlife.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=37178
http://classifieds.fergotech.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=47557
http://brbyoungmarines.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=165982
http://cm.warwizard.net/modules.php?name=Forums&file=profile&mode=viewprofile&u=93571
http://tra.kir.jp/xoopss/userinfo.php?uid=35594
http://dsprado.net/modules.php?name=Forums&file=profile&mode=viewprofile&u=64529
http://dck.altervista.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=49951
http://khutba.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=95822
http://fisica-sanitaria.ospedale.cremona.it/modules.php?name=Forums&file=profile&mode=viewprofile&u=36715
http://14000.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=86370
http://adverts.thebigbigadvert.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=27693
http://euclock.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=95971
http://hmc-marine.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=83975
http://gmc.mybirdfeeder.net/modules.php?name=Forums&file=profile&mode=viewprofile&u=69449
http://guildwars2.tcck.be/modules.php?name=Forums&file=profile&mode=viewprofile&u=57093
http://lakeshoremedia.net/modules.php?name=Forums&file=profile&mode=viewprofile&u=61311
http://abcgc.com/abcgc/modules.php?name=Forums&file=profile&mode=viewprofile&u=51208
http://nvld-mn.thingstodowithkidsmn.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=27594
http://ocaat.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=57152
http://polaris.diagsys.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=77309
http://odam2k.net/modules.php?name=Forums&file=profile&mode=viewprofile&u=69711
http://premology.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=65984
http://pra507.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=30831
http://rerolled.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=73670
http://precisionshapesolutions.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=76865
http://pope-solutions.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=67349
http://rhoadsusa.net/modules.php?name=Forums&file=profile&mode=viewprofile&u=59370
http://shadowrungamers.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=24043
http://rizzo.altervista.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=29389
http://mumblesjetskiclub.co.uk/modules.php?name=Forums&file=profile&mode=viewprofile&u=83793
http://sirs-squad.net/sirsphp7.9/html/modules.php?name=Forums&file=profile&mode=viewprofile&u=87249
http://soundtrek.com/content/modules.php?name=Forums&file=profile&mode=viewprofile&u=56356
http://thewatchkeepers.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=92528
http://truebloodrc.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=65239
http://topendpc.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=31283
http://unixsrv7.com/phpnuke/modules.php?name=Forums&file=profile&mode=viewprofile&u=24609
http://ussdmurrieta.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=46831
http://boneswap.biz/modules.php?name=Forums&file=profile&mode=viewprofile&u=46079
http://amborn.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=61837
http://vets-fleet.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=138548
http://thesupportagency.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=117424
http://ukmusiconline.net/html/modules.php?name=Forums&file=profile&mode=viewprofile&u=65234
http://thai-indochina.net/modules.php?name=Forums&file=profile&mode=viewprofile&u=76254
http://stansautowreckage.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=62991
http://weandt.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=59811
http://whclan.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=59646
http://wickedjester.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=114089
http://www.1truckshop.com/Nuke/modules.php?name=Forums&file=profile&mode=viewprofile&u=39967
http://wandandpistol.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=17536
http://www.aceshighgallery.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=43343
http://www.ahlulhadeeth.net/php/modules.php?name=Forums&file=profile&mode=viewprofile&u=110931
http://www.blaircons.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=70571
http://www.castelletto.info/modules.php?name=Forums&file=profile&mode=viewprofile&u=40449
http://springerelectricinc.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=46215
http://www.crapsfest.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=56351
http://www.charnwoodsaltz.co.uk/modules.php?name=Forums&file=profile&mode=viewprofile&u=37773
http://www.bghsalumni.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=79156
http://www.achillies.com/marlborostuff/modules.php?name=Forums&file=profile&mode=viewprofile&u=91745
http://www.dncnc.com/index.php/modules.php?name=Forums&file=profile&mode=viewprofile&u=34256
http://www.critterlist.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=40649
http://www.dallosto.net/modules.php?name=Forums&file=profile&mode=viewprofile&u=51234
http://www.bham.net/modules.php?name=Forums&file=profile&mode=viewprofile&u=133866
http://www.clubgin.it/modules.php?name=Forums&file=profile&mode=viewprofile&u=49551
http://www.findcoins.eu/modules.php?name=Forums&file=profile&mode=viewprofile&u=70980
http://www.gulfharborslife.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=55065
http://www.hand-dyedfibers.com/oscnuked/modules.php?name=Forums&file=profile&mode=viewprofile&u=155297
http://www.funandsafedriving.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=39495
http://www.hardpodcafe.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=90221
http://www.jameshartforcongress.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=27253
http://www.insidegamers.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=76709
http://www.geelongrangers.org.au/modules.php?name=Forums&file=profile&mode=viewprofile&u=54559
http://www.kathyjo.net/nuke/modules.php?name=Forums&file=profile&mode=viewprofile&u=34576
http://www.liemusic.com/nuke/modules.php?name=Forums&file=profile&mode=viewprofile&u=82560
http://www.handyturismo.it/modules.php?name=Forums&file=profile&mode=viewprofile&u=44873
http://www.neweynet.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=70766
http://www.ravenprophecy-wow.net/modules.php?name=Forums&file=profile&mode=viewprofile&u=36955
http://www.futsalveneto.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=72323
http://www.laguna-beach-club.com/web/modules.php?name=Forums&file=profile&mode=viewprofile&u=56901
http://mode-x.co.uk/modules.php?name=Forums&file=profile&mode=viewprofile&u=11224
http://www.esmoas.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=47688
http://www.tbhe.net/modules.php?name=Forums&file=profile&mode=viewprofile&u=130038
http://www.screaming-eagles.net/modules.php?name=Forums&file=profile&mode=viewprofile&u=49974
http://www.witchy.net/modules.php?name=Forums&file=profile&mode=viewprofile&u=80791
http://www.wrestlingfanssuck.com/phpnuke/modules.php?name=Forums&file=profile&mode=viewprofile&u=83692
http://theplan.darkstargamers.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=41748
http://www.thecrawfords.org/Lebowski/modules.php?name=Forums&file=profile&mode=viewprofile&u=68507
http://youbooks.altervista.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=20150
http://www.southiradio.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=67390
http://www.ringsoflight.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=41965
http://mandelbrot-guild.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=70919
http://www.revolutionclan.altervista.org/modules.php?name=Forums&file=profile&mode=viewprofile&u=43125
http://www.cd-giarre1.it/modules.php?name=Forums&file=profile&mode=viewprofile&u=60536
http://www.richmondcitywatch.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=114835
http://www.kansascliffclub.com/modules.php?name=Forums&file=profile&mode=viewprofile&u=79021
http://mail.outerzone.us/modules.php?name=Forums&file=profile&mode=viewprofile&u=79247
https://www.udemy.com/u/loveslot/
http://society6.com/actdesk5/about
http://www.instructables.com/member/partygrass1/
http://demos.xenfluence.com/blog/members/tellerkorean6.241674/
http://nanowrimo.org/es/participants/turkeydesk9
http://www.bookcrossing.com/mybookshelf/actkendo7/
http://cervejaseviagens.com/tripcapsule/profile/stockmeal1
http://adar.ee.nctu.edu.tw/course/user/view.php?id=331812&course=1
http://foerdernetz.de/user/view.php?id=239635&course=1
http://formacion.tecnologias-sanitarias.info//user/view.php?id=213702&course=1
http://oconnell.ednet.ns.ca/moodle/user/view.php?id=210018&course=1
http://media-monsta.com/action/profile/edit
http://www.bronxislamicculturecenter.com/modules/profile/edituser.php
http://venta.innovatic.es/user/view.php?id=199629&course=1
http://www.hieverywhere.com/hi/tellermom4
http://snoopas.com/profile/lisadesk4
http://www.proyectoret.es/user/view.php?id=411645&course=1
http://creattica.com/creatives/tanpush800/449363
http://www.faniq.com/user/TanPush800/bio
http://www.openfiesta.com/en/user/view/tellerlyric6/
http://www.enhancr.com/profile/TanPush800
http://connect.syracuse.com/user/turkeyjam9/index.html
http://www.feedbooks.com/user/1000695/profile
http://www.kickstarter.com/profiles/1887731150/bio
http://members.baby-gaga.com/member12181743
http://moodle.aulamatematica.com//user/view.php?id=246435&course=1
http://publiclab.org/profile/lisadesk5
http://www.kuailequn.com/turkeyfrown5
http://armorgames.com/user/actstew4
http://www.saatchionline.com/lisamom8
http://www.expotv.com/profile/home/uid-1143927/public
https://flattr.com/profile/drinkstew9
http://datingsite-free.com/turkeykorean6
http://www.skateboard-games.org/index.php?params=profile/view/198184/
http://directory.freelanceswitch.com/f/drinkgrass3
http://www.finecooking.com/profile/goatmeal9
http://picyou.com/user/turkeyfrown6
http://www.braveheartwomen.com/partylyric6
http://www.thisismarilyn.com/actkorean6
http://konnectme.org/profile/drinkdesk2
https://qik.com/turkeykorean0
http://www.storenvy.com/goatjam2
http://www.blogcatalog.com/user/TanPush800/bio/
http://www.minisnap.com/index.php?params=profile/view/297881/
http://www.foodspotting.com/1137601
http://www.fish-games.org/index.php?params=profile/view/244286/
http://www.blurb.com/user/goatmeal6?profile_preview=true
http://www.streetfire.net/profile/turkeylyric2.htm
http://www.houseparty.com/people/view/7177145
http://www.gigpark.com/people/agustinsimonsen
http://www.teachertube.com/view_classroom.php?user=TanPush800
http://my.desktopnexus.com/walletmeal8
http://www.1up.com/do/my1Up?publicUserId=6557083
http://www.socialgrapes.com/users/walletmom1
http://www.measuredup.com/user/tellerstew5
https://svpply.com/drinklyric6
http://llinks.org/members.php?profile=586022
http://veehd.com/login
http://www.mycandylove.com/profil/NassimGertsen
https://www.sellaband.com/en/believer/tellermeal5
http://www.fnatic.com/users/TanPush800
http://tinychat.com/actfrown1
http://www.streetarticles.com/about/TanPush800/639035
http://www.arcadetrainer.com/index.php?params=profile/view/657520/
http://tanpush.polyvore.com
http://www.bookjetty.com/actgrass2
http://games.337.com/en/user/info/51487060
http://www.artbreak.com/TanPush800
http://8tracks.com/goatkorean1
http://www.geckogo.com/profile/143250328
http://photopeach.com/user/walletstew9
http://www.funnyordie.com/drinklyric0
http://www.everytrail.com/profile.php?user_id=1887580
http://intensedebate.com/people/walletmom3
http://www.99polls.com/profile_2394723
Website Pin Facebook Twitter Myspace Friendfeed Technorati del.icio.us Digg Google StumbleUpon Premium Responsive

Leave a Reply