India-Related Supramax and Panamax Freight Rates Report (May 7)

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 7: $ 20.05/mt, down 80 cents/mt from May 6.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on May 7: $ 17.25/mt, down 65 cents/mt from May 6.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on May 7: $ 18.45/mt, down 25 cents/mt from May 6.

        4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on May 7: $ 26.50/mt,  down 35 cents/mt from May 6. 

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 7: $ 23.55/mt, down 15 cents/mt from May 6.

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 7: $ 13.10/mt, down 25 cents/mt from May 6.

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 7: $ 14.40/mt, down 30 cents/mt from May 6.

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 7: $ 19.70/mt, down 40 cents/mt from May 6.

++++

Asia-Pacific Supramax market freight rates were mostly lower on May 7.

On the Indonesia-India coal route, a charterer was heard fixed for 55,000-mt coal from Taboneo to Hazira, for May 13-22 laycan in the $18s/mt levels.

Out of the Indian Ocean, trading activity was “quiet,” and no fresh fixtures were heard.

Out of South Africa, trading information was limited.

++++

Asia-Pacific Panamax market freight rates were lower on May 7 despite supportive market fundamentals in the Pacific, primarily driven by

lower bunker fuel rates.

Out of Australia, a charterer was fixed for 75,000 mt +/-10% coal from Gladstone to Vizag and Haldia for June 1-10 laycan at about $25.45/mt.

The same charterer was heard seeking a ship to move 75,000 mt +/-10% coal from Hay Point to Vizag and Haldia for June 5-14 laycan.

No fresh fixtures were heard on the Indonesia-India coal route on May 7.

Out of South Africa, no fresh fixtures were reported day over.

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