India-Related Supramax and Panamax Freight Rates Report (June 2)

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 June 2: $ 19.80/mt, unchanged from May 29.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on June 2: $ 17.10/mt, unchanged from May 29.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on June 2: $ 19.65/mt, up 5 cents/mt from May 29.

        4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on June 2: $ 22.75/mt, up 5 cents/mt from May 29. 

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 June 2: $ 24.65/mt, up 25 cents/mt from May 29.

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 June 2: $ 13.20/mt, up 15 cents/mt from May 29.

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 June 2: $ 14.55/mt, up 20 cents/mt from May 29.

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 June 2: $ 19.30/mt, unchanged from May 29.

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Asia-Pacific Supramax market freight rates were flat to higher on June 2.

Bunker prices, on the other hand, saw a slight upward movement from the previous session.

On the Indonesia-India coal route, fixing information was largely muted over the day.

Out of the Indian Ocean, a 55,000 mt +/- 10% iron ore from New Mangalore to China for June 4-8 laycan was heard fixed in the sub-$16s/mt.

No fresh fixtures were heard out of South Africa on June 2.

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Asia-Pacific Panamax market freight rates trended higher on June 2.

Freight derivative rates fell during Asian trading hours while bunker prices registered a small upward movement on the day.

On the Australia-India coal route, a 75,000 mt +/- 10% metallurgical coal from Hay Point to Vizag for June 21-30 laycan was heard fixed at $27.10/mt.

A 75,000 mt (plus/minus 10%) coal cargo from Hay Point to Haldia on east coast India for July 10-19 laycan was also heard to be in the market.

No fresh fixtures or inquiries were heard on the Indonesia-India coal route on June 2.

Trading information was scant out of South Africa on June 2.

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