India-Related Supramax and Panamax Freight Rates Report (Feb 13)

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 Feb 13: $ 10.40/mt, up 10 cents/mt from Feb. 12.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on Feb 13: $ 08.95/mt, up 15 cents/mt from Feb. 12.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on Feb 13: $ 09.00/mt,  up 5 cents/mt from Feb. 12.

        4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on Feb 13: $ 14.50/mt, unchanged from Feb. 12.

      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 Feb 13: $ 13.15/mt, down 10 cents/mt from Feb. 12.

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 Feb 13: $ 7.15/mt, down 5 cents/mt from Feb. 12.

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 Feb 13: $ 7.75/mt, down 5 cents/mt from Feb. 12.

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 Feb 13: $ 11.75/mt, down 5 cents/mt from Feb. 12.

++++

Asia-Pacific Supramax market freight rates mostly dropped on Feb. 13 despite market participants having a positive outlook on the day.

While the Pacific saw a modest increase in fresh cargo, a surplus of prompt tonnages continued to exert downward pressure on the market.

Meanwhile, bunker prices trended downwards from the previous session.

A charterer was heard in the market with a 55,000-mt (plus/minus 5%) coal cargo from Samarinda in Indonesia's East Kalimantan province to Navlakhi

on west coast India for Feb. 25-March 3 laycan.

No fresh fixtures were heard on the Indonesia-India coal route on the day.

Out of the Indian Ocean, Jindal Steel and Power Limited (JSPL) was heard to have fixed a 55,000 mt (plus/minus 10%) iron ore pellets cargo from Paradip

on east coast India to China for Feb. 20-25 laycan at $8.75/mt.

Trading information was scant out of the Persian Gulf on Feb. 13.

Fixing details were limited out of South Africa on the day.

++++

Asia-Pacific Panamax market freight rates inched lower on Feb. 13 even though market participants cited well-balanced supply-demand fundamentals in the

Pacific basin, with time-charter rates mostly maintained at previous levels.

Trading activity was relatively slower for Australian minerals, while the Indonesian basin continued to witness robust volumes of coal cargoes, according to sources.

Freight derivative rates retraced some of the losses from the previous session, while bunker prices continued to extend losses from the previous session.

Out of Australia, Steel Authority of India Limited (SAIL) was heard to have fixed a 75,000-mt (plus/minus 10%) metallurgical coal cargo from Hay Point in east Australia

to Visakhapatnam on the east coast of India for a March 10-19 laycan at $14.25/mt.

On the Indonesia-India coal route, Arcelor Mittal was heard in the market with an 85,000-mt (plus/minus 10%) coal cargo from Taboneo in Indonesia's South Kalimantan

province to Magdalla on the west coast of India for a Feb. 23-27 laycan.

No fresh fixtures were heard on the coal route Feb. 13.

Out of South Africa, a charterer was heard in the market with a 75,000-mt (plus/minus 10%) coal cargo from Richards Bay Coal Terminal to Visakhapatnam

on the east coast of India for a Feb. 20-25 laycan.

Trading information, however, was scant out of the region Feb. 13.

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