India-Related Supramax and Panamax Freight Rates Report (July 7)

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 7: $ 16.90/mt, unchanged from July 6.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on July 7: $ 14.75/mt, unchanged from July 6.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on July 7: $ 16.05/mt, down 10 cents/mt from July 6.             

          4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on July 7: $ 24.40/mt, up 15 cents/mt from July 6. 

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 7: $ 18.75/mt, up 30 cents/mt from July 6.

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 7: $ 10.10/mt, up 20 cents/mt from July 6.

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 7: $ 10.95/mt, up 20 cents/mt from July 6.

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 7: $ 17.15/mt, unchanged from July 6.

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Asia-Pacific Supramax market freight rates were mostly flat to higher on July 7.

Meanwhile, bunker prices registered an upward movement day over day.

No fresh fixtures were heard on the Indonesia-India coal route on July 7.

Fixing information was scant out of the Persian Gulf on July 7.

Out of South Africa, trading information was fairly limited over the day.

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Asia-Pacific Panamax freight rates trended higher on July 7.

Freight derivative rates rose during Asian trading hours, while bunker prices also saw a notable upward movement on the day.

Among Australian cargoes, a 75,000 mt +/-10% metallurgical coal from Hay Point to Vizag for Aug 5-14 laycan was heard to have been fixed at $20.50/mt.

Fixing information remained fairly scant on the Indonesia-India coal route on July 7.

No fresh fixtures or inquiries were heard out of South Africa on July 7.

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