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BREAKING NEWS

Freight Market Scenario

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INDIA RELATED PANAMAX AND SUPRAMAX FREIGHT RATES REPORT  (JULY 18)

 Supramax Freight Rates:

  1. East Kalimantan to Navlakhi (West Coast India):
    • Estimated rate for a 55,000 mt coal cargo from South Kalimantan to Navlakhi on July 18: $16.15/mt, down 10 cents/mt from July 17.
  1. East Kalimantan to Paradip (East Coast India):
    • Estimated rate for a 55,000 mt coal cargo on July 18: $14.00/mt, down  5 cents/mt from July 17.
  1. Persian Gulf to Paradip:
    • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on July 18: $13.10/mt, gaining 10 cents/mt from July 17.

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 July 18: $16.50/mt, down 10 cents/mt from the previous day.
  1. Indonesia to Krishnapatnam (East Coast India):
    • Estimated rate for a 75,000 mt (plus/minus 10%) thermal coal cargo from Kalimantan to Krishnapatnam on July 18: $8.75/mt, down 15 cents/mt day-on-day.
  1. Indonesia to Mundra (West Coast India):
    • Estimated rate for a 75,000 mt (plus/minus 10%) thermal coal cargo from Kaliman to Dahej on July 18: $9.75/mt, down 20 cents/mt from the previous session.
  1. South Africa to Krishnapatnam:
    • Estimated rate for a 75,000 mt (plus/minus 10%) thermal coal cargo from Richards Bay Coal Terminal to Krishnapatnam on July 18: $16.00/mt, unchanged on the day.

+++

 

Asia-Pacific Supramax market freight rates were mostly flat to firmer on July 18 as market sources pointed to mixed sentiment in the Pacific basin, while fresh enquiry in the Indonesian

basin remained limited. Bunker prices saw an upward movement on the same day.

"The Pacific market was stable yesterday, but sentiment seems to be mixed today. Both high and low fixtures are heard being reported in the market," a ship-operator source said.

Echoing the same sentiment, a second ship-operator source also highlighted that the Southeast Asia market was witnessing mixed sentiment among market participants, more notably

on the Indonesian round voyages.

"The South Africa market is seeing some tonnage supply being drawn away by increased activity on west coast India and the Persian Gulf. South Africa is also slightly more active now,"

a third ship-operator source mentioned.

+

Asia-Pacific Panamax market freight rates were predominantly flat on July 18 despite the Pacific basin witnessing lackluster tonnage demand, while high tonnage levels persisted.

According to sources, market participants showed less urgency to conclude fixtures on the day as the Pacific market continued to witness a softer undercurrent. Freight derivative

rates saw an upward movement on the day while bunker prices also rose.

"We are seeing a slight stand-off between owners and charterers. Cargoes are limited and charterers will want to monitor the market further," a ship-chartering source said.

"Overall, the Pacific market feels flat and charterers are still under some pressure to fix at last done levels."

Among Australian cargoes, Steel Authority of India Limited, or SAIL, was heard in the market with an 80,000-mt (plus/minus 10%) metallurgical coal cargo from Dalrymple Bay Coal Terminal

in east Australia to Vizag and Haldia on east coast India for an Aug. 15-24 laycan.

Fixing information was scant on the Australia-India coal route on July 18.

On the Indonesia-India coal route, fixing information was fairly limited on July 18.

Out of South Africa, an indicative offer in the high $16/mt was heard for moving a 75,000-mt (plus/minus 10%) coal cargo from Richards Bay Coal Terminal to Paradip on east coast India for Aug. 5-14 laycan.

No fresh fixtures were heard out of the region on July 18.

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

BEST REGARDS.


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