India-Related Supramax and Panamax Freight Rates Report (July 16) Supramax Freight Rates:
4. South Africa to Navlakhi:
Panamax Freight Rates:
++++ 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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