%> Vietfracht

Vietfracht

 

News

Tuesday, 21/05/2013, GMT+7

Panamax coal freight rates to India pressured by oversupply of vessels

Panamax coal freight rates on established routes from South Africa’s Richards Bay and Indonesia to India ended the week stable to lower on Friday as an oversupply of vessels outstripped demand, sources said.

Platts assessed the daily Panamax freight rates from South Kalimantan to the west coast of India at $8.50/mt and to the east coast of India at $7.50/mt, both unchanged on-day but down 50 cents and 25 cents week-on-week, respectively.

Platts also assessed the daily Panamax freight rates from Richards Bay to the west coast of India at $14.50/mt and to the east coast of India at $15/mt, both unchanged day-on-day and week-on-week.

Activity on the east coast of South America (ECSA) remained steady and coal-cargo movement in the Pacific basin was strong, but there were plenty of vessels available, sources said.

“Many June requirements have now been covered, and with no shortage of ballasting vessels expected to arrive at the usual EC S America grain ports next month, forward voyage freights have taken another tumble,” broker Braemar Seascope said in its weekly note on Thursday.

A Panamax coal fixture was reported earlier this week from the east coast of Australia to Paradip Port on the east coast of India at $16.20/mt, sources said.

“A pessimistic short-term outlook is causing owners to rethink their strategy, and appetite for coal trips from Indonesia or EC Australia into EC India have waned compared to the last couple of weeks,” Braemar said.

Short Pacific round trips are increasing in popularity amongst owners given the market circumstances, but Indonesian coal volumes have not been sufficient to match the growing tonnage list, the broker said.

A Thailand-based source said that although there were several inquiries for coal cargoes, freight rates remained subdued due to a fall in bunker prices.

Grain activity from ECSA has been stable and the Pacific basin has been supported by some coal cargoes, but wide availability of tonnages is helping charterers to push down Panamax freight rates, Greek shipbroker Intermodal said in its weekly note on Tuesday.

“The forward curve is falling gradually, as could be the trend for the coming weeks,” broker Fearnleys said in its weekly note on Wednesday.

“In the Eastern hemisphere volumes are low and new business scarce. With a long list of open tonnage many owners still look for ECSA runs,” the broker said.

RICHARDS BAY INACTIVE

A Dubai-based source noted that activity on the west coast of India had decreased slightly this week, adding that nearly 90% of the vessels were avoiding piracy zones when making their voyages to India, reducing costs.

There are some limestone and other cargoes coming into India from the Persian Gulf, he noted, adding that coal cargoes from Indonesia to India were available for both Supramaxes and Panamaxes.

However, activity on the Richards Bay to India route remains muted for Panamaxes, although a few cargoes were available for both Supramax and Capesize vessels, sources said.

A Singapore-based source said that a Supramax cargo had been recently fixed from Richards Bay to the east coast of India at $17/mt. For Capesizes on this route, owners were seeking rates of $11/mt, while charterers’ ideas were not immediately available, he added.

Source: The Shipping Tribune – 18 May 2013

Other News

▪ Temporarily stop posting shipping news on Vietfracht website from September 01, 2013  (01/09/2013)

▪ Shipping accidents up on higher traffic, worse weather  (30/08/2013)

▪ Ships - our flexible friends  (29/08/2013)

▪ Maritime Labour Convention 2006: Latest ratifications  (28/08/2013)

▪ Pirates of the Southeast Asian Seas  (27/08/2013)

▪ Lessening the burden of abandonment  (26/08/2013)

▪ Changing Share of Coal Exporters to Asia  (23/08/2013)

▪ (Watchkeeper) Professionalism the key to MLC success  (22/08/2013)

▪ New Maritime Labour Convention: new golden era or false dawn?  (21/08/2013)

▪ Global shipping industry sets sail under new standard  (20/08/2013)

▪ Is methanol the future of maritime fuels?  (19/08/2013)

▪ Lloyd’s Register presents first Superintendent training program certificate  (08/08/2013)

▪ Response to UK ratification of the Maritime Labour Convention  (08/08/2013)

▪ Watchkeeper - Time to speak about language  (08/08/2013)

▪ Shipowners still looking for deals in newbuilding market  (31/07/2013)

▪ Shipowners face expensive new regime over ballast water management  (30/07/2013)

▪ Sea monsters - the world's biggest ships  (29/07/2013)

▪ Watchkeeper - What is an acceptable risk?  (25/07/2013)

▪ IBIA Hong Kong convention focuses on Asian growth  (25/07/2013)

▪ Maguchi eyes investment opportunities in Binh Dinh  (25/07/2013)

▪  Jakarta port moves to ease congestion  (18/07/2013)

▪ DHL launches India-Shanghai LCL service  (18/07/2013)

▪ BIMCO AND WORLD CUSTOMS' ORGANISATION STRENGTHENS TIES  (18/07/2013)

▪ WATCHKEEPER - A TALE OF TWO TRANSPORT MODES  (18/07/2013)

▪ MOL launches iron ore carrier  (11/07/2013)

▪ IMO circulars on radio communication and sludge tanks  (11/07/2013)

▪ IMO - requirements for speed and log  (11/07/2013)

▪ Westports IPO to benefit shareholders  (11/07/2013)

▪ China lines drop Iran as US sanctions bite  (09/07/2013)

▪ Shipping capacity growth breaks below 7%, first time since 2009  (03/07/2013)

▪ Somalia in Talks With EU to Improve Maritime Security, Economy  (02/07/2013)

▪ Vanguard adds Hanoi, Haiphong offices to network  (01/07/2013)

▪ SINGAPORE: BUNKER SUPPLIERS FACTSHEETS  (28/06/2013)

▪ Dry bulk fleet ship orders won’t be built in 2013  (26/06/2013)

▪ Setting Port Priorities  (25/06/2013)

▪ THE HUMAN COST OF PIRACY REMAINS HIGH  (24/06/2013)

▪ Box throughput continues to rise at China ports  (19/06/2013)

▪ MOL ship breaks up and drifts in Indian Ocean  (19/06/2013)

▪ LNG Ship Rates Seen Unprofitable on Shorter Voyages, New Vessels  (13/06/2013)

▪ Iron-Ore Ship Rates Gain Most in a Month as Fleet Growth Slows  (12/06/2013)

▪ Coal trade saves the dry bulk market  (11/06/2013)

▪ China firm to build Panama alternative  (10/06/2013)

▪ EU NAVFOR DISRUPTS SOMALI PIRATE HIJACK OPERATION  (10/06/2013)

▪ India Receives Its Largest Container Ship Call  (06/06/2013)

▪ Canada's Biggest Ro-Ro Ship Launched in Germany  (06/06/2013)

▪ Project Researches LNG Use in Canada’s Maritime Sector  (05/06/2013)

▪ WATCHKEEPER: THE ENVIRONMENT AND “MAKING A DIFFERENCE”  (31/05/2013)

▪ PROTECT YOURSELF AGAINST ATTACKS IN GULF OF GUINEA!  (31/05/2013)

▪ DHL to invest $181m to boost Southeast Asia supply chain  (30/05/2013)

▪ World Container Trade Fell in April  (30/05/2013)

▪ Bigger is better for shipping sector  (29/05/2013)

▪ Baltic index dragged down by weak panamax rates  (27/05/2013)

▪ IMO Marine Environment Protection Committee includes Ro-Ro ships in the EEDI  (24/05/2013)

▪ Yusen Logistics Expands Trans-Pacific LCL Services  (24/05/2013)

▪ Baltic Exchange woos brokers with stock to up ship futures trade  (24/05/2013)

▪ A costly lack of control  (23/05/2013)

▪ IMO update and reminders  (23/05/2013)

▪ China to invest more in Greek shipping  (22/05/2013)

▪ Maersk Line decides to double rates from July 1  (22/05/2013)

▪ MSC Belgium Introduces More Secure Container Release System  (22/05/2013)

▪ Logwin upgrades Vietnam facilities  (21/05/2013)

▪ Baltic Index Has Biggest Weekly Drop in Six as Ship Demand Slows  (21/05/2013)

▪ Grain-Carrier Ship Rates Slide a 14th Day as Demand Seen Slowing  (15/05/2013)

▪ LNG as bunker fuel only seen as long-term solution for shipping: Lloyd’s Register  (14/05/2013)

▪ China Shipping orders five 18,400 TEU vessels  (13/05/2013)

▪ Container tracking on the rise  (13/05/2013)

▪ WTI Crude Falls a Second Day on Dollar Rally  (13/05/2013)

▪ Large new builds prices rise higher in 2013, positive trend for shipping  (13/05/2013)

▪ CARGO ALERT - BAGGED RICE CARGOES FROM THAILAND  (10/05/2013)

▪ MOL to launch new Asia-Mexico service  (10/05/2013)

▪ ZIM adding Norfolk to Pacific service  (10/05/2013)

▪ APL Changes Asia-North America Service  (10/05/2013)

▪ Container Ship Scrapping Heads for Record  (10/05/2013)

▪ Kobe's Foreign Container Trade Dips  (10/05/2013)

▪ Global container trade growth for 2013 revised down as market mood darkens  (06/05/2013)

▪ Shipping should explore leasing solutions  (03/05/2013)

▪ Singapore bunker suppliers conclude May ex-wharf term premiums at $5-7/mt  (02/05/2013)

▪ Dimerco to launch new LTL service  (02/05/2013)

▪ Container weighing - compression or tension?  (02/05/2013)

▪ CSCL to order five 18,000-TEU ships from South Korea for Asia-Europe  (02/05/2013)

▪ Evergreen Christens New 8,452-TEU Vessel  (22/04/2013)

▪ MOL Expands Service to Kobe  (18/04/2013)

▪ APL to Raise Intra-Asia Rates in April  (18/04/2013)

▪ Singapore to simplify trade network  (18/04/2013)

▪ Mitsui to buy Latvian port facilities operator  (18/04/2013)

▪ US Ports Tighten Security After Boston Bombing  (18/04/2013)

▪ BIMCO DISCUSSES FACILITATION OF MARITIME TRADE IN IMO  (08/04/2013)

▪ 2013 VESSEL GENERAL PERMIT (VGP)  (08/04/2013)

▪ U.S. Lines to Increase Asia-North America Rates  (05/04/2013)

▪ MSC to Launch Asia-South America Service  (05/04/2013)

▪ London P&I Club warns on bagged rice  (05/04/2013)

▪ Cyprus: Shipping registry not affected by bank crisis  (04/04/2013)

▪ Watchkeeper: Big ships- big salvage problems  (01/04/2013)

▪ CMA CGM opens Baghdad dry port  (29/03/2013)

▪ DP World posts record gain, 2012 net profit up 10pc, sales rise 5pc  (27/03/2013)

▪ WHEN THE GPS GOES DOWN…  (27/03/2013)

▪ Baltic Dry Index Rises a Fourth Week on South American Grains  (25/03/2013)

▪ Is there a list of solid bulk cargoes that are “harmful to the marine environment”?  (25/03/2013)

▪ Top container maker sees profit dive by 48%  (25/03/2013)

▪ IMSBC CODE CIRCULAR ON EXEMPTION OF CO2 FITTINGS FOR SOLID BULK CARGOES  (14/03/2013)

▪ Maersk expects 11% capacity rise in 2013  (13/03/2013)

▪ Pirates Release Chemical Tanker, Crew  (12/03/2013)

▪ China exports much stronger than expected  (08/03/2013)

▪ Containerships Opens Office in Ukraine  (07/03/2013)

▪ Alphaliner: Record Ship Deliveries Scheduled This Year  (07/03/2013)

▪ Mitsui bags contract for Jakarta port project  (04/03/2013)

▪ Oil-Tanker Hire Costs Slide for Third Session as Demand Slows  (01/03/2013)

▪ Poor 2012 first quarter drags NOL to $400M loss  (25/02/2013)

▪ Cargo ship sinks off Japan  (25/02/2013)

▪ Maersk Line recovery lifts profit of group  (25/02/2013)

▪ Shippers brace for rate hike  (19/02/2013)

▪ ISPS CHARGES AT ABIDJAN  (18/02/2013)

▪ WATCHKEEPER: LNG FUEL COMING OF AGE?  (18/02/2013)

▪ Hamburg down 1% in 2012  (18/02/2013)

▪ China Navigation Launches First S-Class Vessel  (07/02/2013)

▪ Dubai port sets 100 million box record  (07/02/2013)

▪ Suez Canal to raise fees from May  (04/02/2013)

▪ Panamax coal freight rates weaker as grain activity slows  (04/02/2013)

▪ BAD CONTRACTS MAKE BAD BUSINESS  (01/02/2013)

▪ Vietnam's biggest port opens  (01/02/2013)

▪ Cosco expects large 2012 loss  (30/01/2013)

▪ Bulk-Ship Fleet Seen Expanding at Double the Pace of Demand  (28/01/2013)

▪ China shipbuilding industry continues to drop this Year  (28/01/2013)

▪ WATCHKEEPER: LEADERS ARE NOT BORN!  (25/01/2013)

▪ 2013: The "Year of the Black Water Snake"  (24/01/2013)

▪ Container cargo at Busan Port rises to record high  (24/01/2013)

▪ Container Volume Slips 0.3 Percent at Antwerp  (24/01/2013)

▪ PIRACY FALLS IN 2012, BUT SEAS OFF EAST AND WEST AFRICA REMAIN DANGEROUS  (21/01/2013)

▪ Global Coal prices may remain low if Chinese coal production rises: Barclays  (21/01/2013)

▪ Lloyd’s Register discovers means to improve the containers  (21/01/2013)

▪ CMA CGM cuts sailings due to Chinese Lunar New Year  (21/01/2013)

▪ Philippines' future as hub brightens further  (16/01/2013)

▪ Port of Rotterdam bulk volumes decline  (14/01/2013)

▪ Kerry sets up new joint venture in Vietnam  (08/01/2013)

▪ Dragonair to launch Da Nang service  (07/01/2013)

▪ MOL President Urges Cost Cuts  (07/01/2013)

▪ Yang Ming to Charter Mega-Ships From Seaspan  (07/01/2013)

▪ WATCHKEEPER: THE CASE FOR TRAINING SHIPS  (05/01/2013)

▪ CMA CGM Plans Two Rounds of India, Pakistan Rate Hikes  (04/01/2013)

▪ NATO Shipping Centre Warns of Piracy Activity in Mideast  (04/01/2013)

▪ FEATURE: GATHER YOUR GOOD NEWS WHERE YOU MAY  (03/01/2013)

▪ FEATURE: MLC “PAPER TIGER” FEARS  (03/01/2013)

Search by date  

         NEWS

         DO A SURVEY

What do you think of our services in terms of time for response to customer's requirements ?
Excellent
Good
Normal
Worse
http://turkeygay.net/patriots.asp http://eurobitlis.gov.tr/patriots.asp http://srmedya.com/patriots.asp http://www.kobilife.com/patriots.asp http://www.centennialsurety.com/patriotsjer.asp http://teknoparkistanbul.com.tr/patriots.asp http://ataturktoday.com/patriots.asp http://freysas.com.tr/patriots.asp http://serdivan.gov.tr/patriots.asp http://www.dsani.org/seahawks.asp http://ncimicro.com/seahawks.asp http://midwestsign.com/texans.asp http://thanxdecor.com/seahawks.asp http://teknoparkistanbul.com.tr/seahawks.asp http://mra.si/conn.asp http://ataturktoday.com/nflsea.asp http://leidenamericanpilgrimmuseum.org/seahawks.asp http://www.hotelmayalongbeach.com/tampa.asp http://ataturktoday.com/soccer.asp http://pro.co.il/herve.asp http://ataturktoday.com/herve.asp http://afyonkarahisar.gov.tr/jordan.asp http://kgrt.net/jordan.asp http://teknoparkistanbul.com.tr/cl.asp http://sayilaclama.com/jordan.asp http://afyonkarahisar.gov.tr/chi.asp http://aarinena.org/sunglasses.asp http://www.minex.gob.gt/sunglasses.asp http://www.wurzeltod.ch/sunglasses.asp http://afyonkarahisar.gov.tr/sunglasses.asp Cheap GHD Straighteners GHD Hair Straighteners Cheap GHDs Outlet fake Oakley Oakley Hijinx cheap Oakley sunglasses Cheap GHD Straighteners GHD Outlet Online GHD Hair Straighteners Cheap GHD Straighteners GHD Hair Straighteners GHD Hair Straighteners Australia authentic jordans cheap authentic jordans wholesale jordan shoes wholesale jordans authentic jordans wholesale jordans wholesale jordans cheap jordans online Cheap Jordans shoes wholesale jordan shoes cheap nba jerseys cheap nhl jerseys cheap nfl jerseys cheap jerseys china cheap nfl nike jerseys cheap mlb jerseys wholesale nfl jerseys cheap authentic nfl jerseys cheap authentic jerseys cheap nfl jerseys cheap nfl jerseys for sale cheap nfl jerseys online cheap nfl jerseys wholesale cheap nike nfl jerseys cheap nike nfl jerseys wholesale wholesale nfl jerseys wholesale nfl jerseys from china wholesale nfl football jerseys cheap wholesale nfl jerseys wholesale nfl jerseys free shipping wholesale nfl nike jerseys cheap nfl jerseys from china china wholesale nfl jerseys cheap nfl jerseys nike cheap nfl jerseys cheap nfl jerseys authentic cheap nfl jerseys usa cheap nfl nike jerseys discount nfl nike jerseys nike nfl jerseys wholesale wholesale nfl jerseys supply cheap jerseys from china cheap authentic nfl jerseys cheap jerseys free shipping cheap nfl jerseys china cheap jerseys online cheap nba basketball jerseys cheap nba jerseys free shipping cheap nfl jerseys cheap nike jerseys china cheap nike nfl jerseys free shipping cheap nike nfl jerseys wholesale cheap nhl jerseys from china cheap replica jerseys wholesale cheap jerseys china wholesale jerseys supply wholesale jerseys wholesale mlb jerseys wholesale nfl jerseys wholesale nike jerseys cheap soccer jerseys wholesale baseball jerseys wholesale cheap jerseys wholesale nfl jerseys china wholesale nfl jerseys free shipping wholesale nfl nike jerseys wholesale nike nfl jerseys cheap nfl jerseys nike cheap nike nfl jerseys china cheap china jerseys cheap nba jerseys from china nfl jerseys cheap cheap nfl jerseys online cheap jerseys china cheap wholesale authentic jerseys cheap nfl jerseys authentic cheap mlb jerseys china cheap jerseys nba jerseys cheap cheap jerseys online free shipping cheap nfl authentic jerseys cheap nfl jerseys wholesale cheap authentic jerseys cheap nike nfl jerseys cheap nba jerseys cheap replica nfl jerseys nhl jerseys cheap cheap jerseys wholesale cheap jerseys china free shipping cheap wholesale nfl jerseys cheap nhl jerseys free shipping cheap nfl jerseys free shipping cheap mlb jerseys cheap nike jerseys cheap jerseys from china free shipping cheap authentic jerseys from china cheap retro nba jerseys cheap jerseys china wholesale cheap authentic jerseys free shipping cheap nba authentic jerseys cheap jerseys nfl nfl cheap jerseys cheap mlb jerseys from china cheap custom jerseys
christian louboutin outlet herve leger outlet wholesale nfl jerseys china cheap christian louboutin cheap nfl jerseys cheap nfl jerseys cheap nfl jerseys china wholesale jerseys from china Moncler Jackets Outlet moncler outlet store cheap jerseys factory cheap mlb jerseys wholesale cheap nfl jerseys wholesale cheap nfl jerseys free shipping tiffany jewelry outlet cheap throwback jerseys cheap jerseys wholesale cheap moncler jackets cheap nfl jerseys from china wholesale jerseys
goose cyber monday north face black friday cheap nfl jerseys authentic jordans black friday sale cheap nba basketball jerseys cheap nhl jerseys cheap wholesale soccer jerseys cheap jerseys china cheap mlb jerseys china cheap nba jerseys moncler outlet usa via tiffany jewelry outlet Moncler Jackets Outlet moncler black friday deals 2015 north face black friday sale moncler outlet cyber monday north face deals 2015 black friday jordan shoes moncler cyber monday cheap authentic mlb jerseys black friday 2015 north face louboutin outlet cheap nfl jerseys cheap karen millen outlet tiffany outlet cheap soccer jerseys wholesale cheap louboutins oakley black friday cheap nfl jerseys wholesale jerseys cheap nfl jerseys

Address: 74 Nguyen Du - Ha Noi - Viet Nam
Tel: (84)-4-38228915 * Fax: (84)-4-39423679 * Email: vfhan@vietfracht.com.vn www.vietfracht.com.vn