India-Related Supramax and Panamax Freight Rates Report (June 23)

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 23: $ 19.20/mt, down 35 cents/mt from June 22.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on June 23: $ 16.60/mt, down 30 cents/mt from June 22.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on June 23: $ 20.05/mt, down 40 cents/mt from June 22.

          4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on June 23: $ 24.95/mt, up 80 cents/mt from June 22. 

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 23: $ 19.50/mt, down 5 cents/mt from June 22.

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 23: $ 11.00/mt, down 20 cents/mt from June 22.

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 23: $ 11.55/mt, down 25 cents/mt from June 22.

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 23: $ 19.55/mt, unchanged from June 22.

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Asia-Pacific Supramax market freight rates were mostly lower on June 23.

In the Indian Ocean, the South African market remained firm due to a distinct lack of tonnage supply.

On the Indonesia-India coal route, an indicative offer of $21/mt was heard for moving a 55,000 +/- 10% coal from Samarinda to Navlakhi for July 5-14 laycan.

Out of the Indian Ocean, a 50-55,000 mt iron ore pellets from New Mangalore to Jinzhou for June 30-July 2 laycan was heard fixed at $13.60/mt.

A charterer was also heard fixed a 55,000 mt +/-10% limestone and dolomite from Duqm in Oman to Hazira for early July loading dates at $11/mt.

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Asia-Pacific Panamax market freight rates were softer on June 23.

Despite a slight pick-up in cargo replenishment, rates remain in charterers' favor as they showed a lack of urgency to conclude fixtures on the day.

Among Australian cargoes, a charterer was heard in the market with a 75,000-mt +/- 10% metallurgical coal from Hay Point to Vizag and Haldia for July 21-30 laycan.

No fresh fixtures were heard on the Indonesia-India coal route on June 23.

Out of South Africa, fixing information remained muted over the day.

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