India-Related Supramax and Panamax Freight Rates Report (Oct 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 Oct 24: $ 13.80/mt, unchanged from Oct. 23.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on Oct 24: $ 12.75/mt, down 5 cents/mt from Oct. 23.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on Oct 24: $ 12.00/mt, up 10 cents/mt from Oct. 23.

        4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on Oct 24: $ 19.30/mt, up 10 cents/mt from Oct. 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 Oct 24: $ 11.45/mt, up 15 cents/mt from Oct. 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 Oct 24: $ 9.05/mt, down 45 cents/mt from Oct. 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 Oct 24: $ 10.75/mt, down 45 cents/mt from Oct. 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 Oct 24: $ 16.10/mt, up 35 cents/mt from Oct. 23.

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Asia-Pacific Supramax freight rates were largely stable on Oct. 24 amid extended gains in bunker prices.

One Charterer was heard fixed for 55,000-mt +/- 10% coal from East Kalimantan province to Navlakhi for Nov. 8-14 laycan at around low-mid $13/mt.

There was little to no improvement in activity out of Indian Ocean as the trading week came to a close.  

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Pacific Panamax freight rates were mixed on Oct. 24 amid thinner trading, while bunker prices gained further ground on the day.

Out of Australia, a charterer was heard fixed a 75,000-mt +/- 10% metallurgical coal from Abbot Point  to Gangavaram for a Nov. 21-30 laycan at $18.15/mt.

A Charterer was in the market for 75,000-mt +/- 10% metallurgical coal from Gladstone to Vizag and Haldia for a Nov. 21-30 laycan.

Toward India, a 70,000-mt +/- 10% coal was heard covered from Taboneo to Karaikal for a Nov. 7-12 laycan in the low $8/mt,.

Out of the Indian Ocean, a 75,000-mt (plus/minus 10%) coal cargo was heard from Nacala in Mozambique to Vizag for a Nov. 21-30 laycan

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Period Fixtures:

CK Angie - 2011 - 81147 dwt dely Hong Kong 23/24 Oct -  9-11 months redel worldwide - usd 13,250 - cnr