India-Related Supramax and Panamax Freight Rates Report (Sept 28)

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 Sept 28: $ 21.50/mt, down 20 cents/mt from Sept. 25.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on Sept 28: $ 17.90/mt, down 10 cents/mt from Sept. 25.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on Sept 28 : $ 18.45/mt, down 10 cents/mt from Sept. 25.

          4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on Sept 28: $ 25.65/mt, down 5 cents/mt from Sept. 25. 

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 Sept 28: $ 23.55/mt, down 35 cents/mt from Sept. 25.

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 Sept 28: $ 12.85/mt, down 10 cents/mt from Sept. 25.

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 Sept 28: $ 13.95/mt, down 15 cents/mt from Sept. 25.

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 Sept 28: $ 24.15/mt, up 10 cents/mt from Sept. 25. 

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Asia-Pacific Supramax market freight rates were largely softer on Sept. 28.

In the Indian Ocean, fresh cargoes and activity also remained limited along the Indian coasts, especially for iron ore cargoes loading out of east coast India.

Bunker prices, on the other hand, moved lower from the previous session.

No fresh fixtures were heard on the Indonesia-India coal route on Sept. 28.

Out of South Africa, trading information was scant during Asian trading hours.

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Asia-Pacific Panamax market freight rates were mostly softer on Sept. 28.

Freight derivative rates also fell during Asian trading hours, while bunker prices extended losses from the previous session.

Out of Australia, a charterer was heard fixed a 75,000 mt +/-10% metallurgical coal from Hay Point to Vizag for Oct. 21-30 laycan at $25.80/mt.

On the Indonesia-India coal route, trading information was largely limited over the day.

Out of South Africa, fixing information was mostly scarce on the day.