Excessive Vessels Restrict Bulk Freight Rates from Going Up
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Bulk shipping freight rates have shown no sign of upward movement. The rates have stagnated at the last revised rates.
Despite increased shipments of coal and iron ore to China, there was also supply of new vessels, offsetting the stronger demand for cargo vessels. There was thus no opportunity for the ship owners to raise the freight rates.
The Baltic Dry Index has exhibited an uptrend due to the strong demand prevailing for cargo vessels. On 21July'17, the index was reported at 977 points, up from 912 points, as on 17July'17.
The following are the prevailing freight rates in respect to route and vessel type:
| SUPRAMAX (Freight in USD/MT) | |||||||
| LOAD | COUNTRY | DISCHARGE | COUNTRY | FREIGHT | LAST WEEK FREIGHT | LAST MONTH FREIGHT | MOVEMENT |
| Taboneo | Indonesia | Vizag | India | 8.47 | 8.03 | 7.34 | �' |
| Taboneo | Indonesia | Navlakhi | India | 9.96 | 9.42 | 8.62 | �' |
| Taboneo | Indonesia | Fangcheng | China | 8.14 | 7.59 | 6.84 | �' |
| Taboneo | Indonesia | Rizhao | China | 8.83 | 8.24 | 7.45 | �' |
| Richards Bay | South Africa | Mundra | India | 11.23 | 10.95 | 10.63 | �' |
| Richards Bay | South Africa | Paradip | India | 11.12 | 10.81 | 10.44 | �' |
| Hay Point | Australia | Huangpu(12.3m) | China | 12.87 | 12.3 | 11.64 | �' |
| Hay Point | Australia | Vizag | India | 16.04 | 15.31 | 14.46 | �' |
| New Port News | USA | Vizag | India | 30.57 | 29.12 | 26.96 | �' |
| Houston | USA | Vizag | India | 28.39 | 27.03 | 25.47 | �' |
| Goa | India | Qingdao | China | 9.62 | 8.99 | 8.98 | �' |
| Paradip | India | Qingdao | China | 7.99 | 7.75 | 7.07 | �' |
| Bunati | Indonesia | Campha (12.3) | Vietnam | 8.22 | 7.85 | 7.48 | �' |
| Richards Bay | South Africa | Campha (12.3) | Vietnam | 15.86 | 15.4 | 15.02 | �' |
| Haypoint | Australia | Campha (12.3) | Vietnam | 14.43 | 13.85 | 13.44 | �' |
| Gladstone | Australia | Campha (12.3) | Vietnam | 14.68 | 14.08 | 13.67 | �' |
| Port Kembla | Australia | Campha (12.3) | Vietnam | 16.57 | 15.89 | 15.44 | �' |
| Teluk Rubiah | Malaysia | Campha (12.3) | Vietnam | 8.19 | 7.89 | 7.6 | �' |
| Vostochy (12.2M) | Russia | Paradip | India | 10.46 | 10.43 | 10.18 | �' |
| Vostochy (12.2M) | Russia | Krishnapatnam | India | 10.64 | 10.65 | 10.15 | �" |
| Vostochy (12.2M) | Russia | Hazira | India | 13.09 | 13.09 | 12.45 | �" |
| Vostochy (12.2M) | Russia | Jaigarh (13m) | India | 11.52 | 11.54 | 11.27 | �" |
| Vanino | Russia | Paradip | India | 10.76 | 10.71 | 10.27 | �' |
| Vanino | Russia | Krishnapatnam | India | 10.31 | 10.25 | 9.91 | �' |
| Vanino | Russia | Hazira | India | 12.63 | 12.54 | 12.1 | �' |
| Vanino | Russia | Jaigarh (13m) | India | 11.18 | 11.12 | 10.76 | �' |
| Vanino | Russia | Tuticorin (12.8M) | India | 10.29 | 10.23 | 9.87 | �' |
| Nakhodka (9.35M) | Russia | Paradip | India | 14.61 | 14.59 | 14.29 | �' |
| Nakhodka (9.35M) | Russia | Krishnapatnam | India | 14.3 | 14.3 | 14.08 | �' |
| Nakhodka (9.35M) | Russia | Hazira | India | 18.8 | 18.76 | 18.37 | �' |
| Nakhodka (9.35M) | Russia | Jaigarh (13m) | India | 16.51 | 16.5 | 16.22 | �' |
| Richards Bay | South Africa | ECI | India | 12.8 | 12.46 | 12.1 | �' |
| Richards Bay | South Africa | ECI | India | 14.14 | 13.75 | 13.34 | �' |
| PANAMAX(Freight in USD/MT) | |||||||
| LOAD | COUNTRY | DISCHARGE | COUNTRY | FREIGHT | LAST WEEK FREIGHT | LAST MONTH FREIGHT | MOVEMENT |
| Richards Bay | South Africa | Jaigad(14m) | India | 11.08 | 11.09 | 9.67 | �' |
| Richards Bay | South Africa | Mundra | India | 10.48 | 10.49 | 9.06 | �" |
| Richards Bay | South Africa | Dhamra | India | 11.13 | 11.13 | 9.61 | �" |
| Richards Bay | South Africa | Krishnapattam | India | 10.62 | 10.63 | 9.16 | �" |
| Richards Bay | South Africa | Fangcheng | China | 11.9 | 11.86 | 10.81 | �' |
| Richards Bay | South Africa | Rizhao | China | 12.27 | 12.23 | 11.17 | �' |
| NPLCT | Indonesia | Dhamra | India | 7 | 7.03 | 6.35 | �" |
| NPLCT | Indonesia | Gangavaram | India | 7.24 | 7.27 | 6.58 | �" |
| NPLCT | Indonesia | Mundra | India | 7.02 | 7.04 | 6.22 | �" |
| NPLCT | Indonesia | Jaigad | India | 7.4 | 7.43 | 6.61 | �" |
| Hay Point | Australia | Vizag | India | 11.07 | 11.26 | 9.85 | �" |
| New Castle | Australia | Fangcheng | China | 10.44 | 10.68 | 9.42 | �" |
| New Castle | Australia | Rizhao | China | 10.83 | 11.07 | 9.8 | �" |
| New Port News | USA | Vizag | India | 23.76 | 24.12 | 21.74 | �" |
| Tanjung Bara CT | Indonesia | Fangcheng | China | 5.26 | 5.31 | 4.5 | �" |
| Tanjung Bara CT | Indonesia | Rizhao | China | 5.66 | 5.71 | 4.88 | �" |
| New Orleans | Mexico | Dhamra | India | 24.51 | 25.11 | 22.79 | �" |
| New Orleans | Mexico | Mundra | India | 25.38 | 26.07 | 23.44 | �" |
| New Orleans | Mexico | Rizhao | China | 28.54 | 29.32 | 26.34 | �" |
| CAPESIZE(Freight in USD/MT) | |||||||
| LOAD | COUNTRY | DISCHARGE | COUNTRY | FREIGHT | LAST WEEK FREIGHT | LAST MONTH FREIGHT | MOVEMENT |
| Puerto Bolivar | Colombia | Dhamra | India | 15.96 | 14.71 | 16.89 | �' |
| Puerto Bolivar | Colombia | Mundra | India | 14.45 | 13.25 | 15.35 | �' |
| DBCT | Australia | Gangavaram | India | 8.27 | 7.35 | 8.6 | �' |
| DBCT | Australia | Mundra | India | 7.65 | 6.64 | 8.01 | �' |
| Richards Bay | South Africa | Gangavaram | India | 7.66 | 7.45 | 8.76 | �' |
| Richards Bay | South Africa | Mundra | India | 6.45 | 6.25 | 7.5 | �' |
| Puerto Bolivar | Colombia | Fangcheng | China | 15.12 | 13.97 | 16 | �' |
| Puerto Bolivar | Colombia | Qingdao | China | 15.75 | 14.55 | 16.65 | �' |
| Richards Bay | South Africa | Fangcheng | China | 8.35 | 8.15 | 9.6 | �' |
| Richards Bay | South Africa | Qingdao | China | 8.45 | 8.25 | 9.72 | �' |
| New Castle | Australia | Qingdao | China | 7.04 | 6.76 | 7.93 | �' |
| New Castle | Australia | Fangcheng | China | 7.35 | 7.05 | 8.3 | �' |
| Baltimore | USA | Mundra | India | 17.45 | 16.15 | 19.9 | �' |
| Norfolk | USA | Gangavaram | India | 18.8 | 17.51 | 21.26 | �' |
| TBCT | Indonesia | Qingdao | China | 3.72 | 3.76 | 4.27 | �" |
| TBCT | Indonesia | Fangcheng | China | 3.52 | 3.56 | 4.02 | �" |
| TBCT | Indonesia | Mundra | India | 4.68 | 4.55 | 5.15 | �' |
| TBCT | Indonesia | Gangavaram | India | 4.84 | 4.73 | 5.25 | �' |
Source: BULK MARINE
