India-Related Supramax and Panamax Freight Rates Report (Apr 24)

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 Apr 24: $ 15.10/mt, up 55 cents/mt from April 23.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on Apr 24: $ 12.50/mt, up 45 cents/mt from April 23.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on Apr 24: $ 10.70/mt, unchanged April 23.

        4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on Apr 24: $ 16.60/mt, down 10 cents/mt from April 23.

      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 Apr 24: $ 15.85/mt, up 15 cents/mt from April 23.

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 Apr 24: $ 8.85/mt, down 5 cents/mt from April 23.

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 Apr 24: $ 9.65/mt, down 5 cents/mt from April 23.

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 Apr 24: $ 13.30/mt, up 5 cents/mt from April 23.

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Asia-Pacific Supramax market freight rates were stable to higher on April 24, as sentiment largely held firm in the Pacific basin. According to sources,

cargo replenishment continued at a healthy trend, while the tonnage supply tightened in the region, resulting in the closing up of the bid-offer spread.

The Indian Ocean similarly witnessed a steady injection of fresh cargoes against the backdrop of limited tonnage availability.

Meanwhile, bunker prices saw a decline from the previous session.

On the Indonesia-India coal route, a Supramax coal cargo was heard fixed from East Kalimantan to Navlakhi for early May laycan but rate details were not confirmed

Out of the Indian Ocean, a charterer was heard with a 55,000 mt +/- 10% iron ore from New Mangalore on west coast India to Jinzhou in China for Apr 28-30 laycan.

Fixing information was scarce out of the Persian Gulf on April 24.

Out of South Africa, fixing information remained fairly thin on April 24.

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Asia-Pacific Panamax market freight rates were mixed on April 24, with market participants citing sustained firm market sentiment, further supported by the stronger

East Coast South America market. Sources pointed to healthy cargo demand in the Pacific basin while tonnage supply remained limited.

Freight derivative rates trended down during Asian trading hours, while bunker prices exhibited a drop.

Trading information, however, was thin on the Australia-India coal route March 26.

On the Indonesia to India coal route, a charterer was heard to have fixed a 70,000-mt (plus/minus 10%) coal cargo from Muara Banyuasin in Indonesia's Sumatra province

to Karaikal on east coast India for a May 3-8 laycan at $6.30/mt, free of port charges at discharge port.

Out of South Africa, no fresh fixtures were heard during Asian trading hours on the day.

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