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BREAKING NEWS

Freight Market Scenario

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India-Related Supramax and Panamax Freight Rates Report (July 16)

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 July 16: $ 15.60/mt, up 40 cents/mt from July 15.
  1. East Kalimantan to Paradip (East Coast India):
    • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on July 16: $ 13.75/mt, up 30 cents/mt from July 15.
  1. Persian Gulf to Paradip:
    • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on July 16: $ 12.45/mt, up 45 cents/mt from July 15.

        4.   South Africa to Navlakhi:

    • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on July 16: $ 17.80/mt, up 10 cents/mt from July 15.

      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 16: $ 17.35/mt, down 5 cents/mt from July 15.
  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 July 16: $ 9.35/mt, down 5 cents/mt from July 15.
  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 July 16: $10.75/mt, down 5 cents/mt from July 15.
  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 July 16: $ 16.15/mt, up 5 cents/mt from July 15.

++++

Asia-Pacific Supramax freight rates were firmer on July 16 amid stable fundamentals in the Pacific basin.

On the Indonesia-India coal route, trading information was scant on July 16.

Out of the Persian Gulf, no fresh fixtures were heard on July 16.

Out of South Africa, trading activity was fairly limited on July 16.

++++

Asia-Pacific Panamax freight rates rangebound to a tick lower on July 16 amid a downturn in the outlook.

On the Australia-India coal route, SAIL was also heard fixed a 75,000-mt +/- 10% metallurgical coal from Hay Point to Vizag  for Aug. 25-Sept. 3 laycan, at around $17.85/mt.

On the Indonesia-India coal route, a charterer was heard in the market with a 75,000-mt +/- 10% coal from Taboneo to Kakinada for H2 August loading dates.

Out of the Persian Gulf, a charterer was heard fixed a 75,000-mt +/- 10% flux cargo from Mina Saqr to Dhamra+Haldia for July 25-Aug. 1 laycan, at $11/mt.

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


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