India-Related Supramax and Panamax Freight Rates Report (Jan 29)

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 Jan 29: $ 10.15/mt, up 5 cents/mt from Jan. 28.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on Jan 29: $ 09.50/mt, up 5 cents/mt from Jan. 28.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on Jan 29: $ 10.85/mt, up 5 cents/mt from Jan. 28.

        4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on Jan 29: $ 17.35/mt,  up 5 cents/mt from Jan. 28.

      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 Jan 29: $ 14.70/mt, up 5 cents/mt from Jan. 28.

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 Jan 29: $ 07.90/mt, up 5 cents/mt from Jan. 28.

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 Jan 29: $ 8.45/mt, unchanged from Jan. 28.

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 Jan 29: $ 14.60/mt, up 10 cents/mt from Jan. 28.

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Asia-Pacific Supramax freight rates trended higher on Jan. 29.

Bunker prices extended notable gains from the previous session.

On the Indonesia-India coal route, a 55,000-mt +/- 10% coal from Tanjung Pemancingan to Kandla for Feb. 6-11 laycan was heard fixed at $11/mt.

Out of the Indian Ocean, a charterer was heard in the market with a 55,000-mt iron ore fines from Krishnapatnam to north China for Feb. 5-10 laycan.

No fresh fixtures were heard out of the Persian Gulf on Jan. 29.

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

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Asia-Pacific Panamax market freight rates were mostly higher on Jan. 29.

Freight derivative rates rose over Asian trading hours and bunker prices also extended gains from the previous session.

A charterer was also heard fixed a 75,000 mt +/-10% metallurgical coal from Hay Point to Gangavaram with a Feb. 19-28 laycan at $15.85/mt.

Trading information remained fairly muted on the Indonesia-India coal route on Jan. 29.

Out of the Indian Ocean, a 75,000 mt +/- 10% limestone from Mina Saqr to Gopalpur for Feb. 2-6 laycan was heard fixed at around low-$10/mt.

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