India-Related Supramax and Panamax Freight Rates Report (Nov 11)

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 Nov 11: $ 20.80/mt, down 15 cents/mt from Nov. 10.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on Nov 11: $ 17.90/mt, down 10 cents/mt from Nov. 10.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on Nov 11: $ 17.00/mt, down 20 cents/mt from Nov. 10.

          4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on Nov 11: $ 25.35/mt, up 5 cents/mt from Nov. 10. 

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 Nov 11: $ 22.95/mt, up 5 cents/mt from Nov. 10.

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 Nov 11: $ 12.30/mt, up 5 cents/mt from Nov. 10.

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 Nov 11: $ 13.45/mt, unchanged from Nov. 10.

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 Nov 11: $ 18.95/mt, up 30 cents/mt from Nov. 10. 

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Asia-Pacific Supramax freight rates were mostly softer on Nov. 11.

Meanwhile, the Indian Ocean market showed no improvement, with tonnage supply outstripping demand in the region.

On the Indonesia-India coal route, a 55,000 mt +/-10% coal from Meulaboh to Navlakhi for Nov. 15-19 laycan was heard fixed around mid-high $16/mt.

Out of the Indian Ocean, a charterer was heard in the market with a 55,000 mt +/-10% iron ore from Mormugao to China for Nov. 17-20 laycan.

Out of South Africa, an indicative offer of low-$24/mt was heard for 55,000 mt +/- 10% coal from RBDT to Paradip for Nov. 30-Dec. 9 laycan was heard in the market.

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Asia-Pacific Panamax market freight rates showed mixed movements on Nov. 11.

Freight derivative rates were largely rangebound during Asian trading hours, while bunker prices moved upward day over day, after losses in the previous sessions.

Out of Australia, a charterer was heard fixed a 75,000 mt +/-10% metallurgical coal from Hay Point to Vizag for a Dec. 5-14 laycan at $24.35/mt.

The Charterer also heard in the market with another 75,000 mt +/-10% metallurgical coal from Hay Point to Vizag and Haldia for a Dec. 10-19 laycan.

Trading information was fairly limited on the Indonesia-India coal route on Nov. 11.

Out of South Africa, no fresh inquiries or fixtures were heard during the day.

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