India-Related Supramax and Panamax Freight Rates Report (May 26)

Supramax Freight Rates:

1. East Kalimantan to Navlakhi (West Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Navlakhi on May 26: $ 19.90/mt, down 60 cents/mt from May 25.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on May 26: $ 17.15/mt, down 50 cents/mt from May 25.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on May 26: $ 19.00/mt, up 15 cents/mt from May 25.

        4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on May 26: $ 24.10/mt,  up 25 cents/mt from May 25. 

Panamax Freight Rates:

1. East Australia to Paradip:
   • Estimated rate for a 75,000 mt (plus/minus 10%) metallurgical coal cargo from Hay Point to Paradip on May 26: $ 24.25/mt, down 35 cents/mt from May 25.

1. Indonesia to Krishnapatnam (East Coast India):
   • Estimated rate for a 75,000 mt (plus/minus 10%) thermal coal cargo from Banjarmasin to Krishnapatnam on May 26: $ 12.90/mt, down 15 cents/mt from May 25.

1. Indonesia to Dahej  (West Coast India):
   • Estimated rate for a 75,000 mt (plus/minus 10%) thermal coal cargo from Banjarmasin to Dahej on May 26: $ 14.20/mt, down 20 cents/mt from May 25.

1. South Africa to Paradip:
   • Estimated rate for a 75,000 mt (plus/minus 10%) thermal coal cargo from Richards Bay Coal Terminal to Paradip on May 26: $ 19.80/mt, up 15 cents/mt from May 25.

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Asia-Pacific Supramax market freight rates were mostly lower on May 26.

On the Indonesia-India coal route, it's reported that there are low activities and not many cargoes in the market.

No fresh fixtures were heard out of the Persian Gulf on May 26.

Trading information was limited out of South Africa on May 26.

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Asia-Pacific Panamax market freight rates were largely softer on May 26.

Freight derivative rates rose during Asian trading hours, while bunker prices also climbed after the massive decline in the previous session.

Among Australian cargoes, a 75,000 mt +/-10% metallurgical coal cargo from Hay Point or DBCT to Paradip for June 18-25 laycan was heard in the market.

Trading information remained fairly limited on the Indonesia-India coal route on May 26.

Out of South Africa, a charterer was heard in the market with a 75,000 mt +/-10% coal from RBCT to Vizag or Kandla in India for June 10-19 laycan.

(THIS REPORT IS INTENDED TO BE INFORMATIVE IN NATURE AND THE FIXTURES/FIGURES REPORTED ARE ABOUT & WITHOUT GUARANTEE)