India-Related Supramax and Panamax Freight Rates Report (May 21)

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 May 21: $ 20.70/mt, down 30 cents/mt from May 20.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on May 21: $ 17.80/mt, down 20 cents/mt from May 20.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on May 21: $ 18.90/mt, down 20 cents/mt from May 20.

        4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on May 21: $ 24.00/mt,  down 65 cents/mt from May 20. 

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 May 21: $ 25.25/mt, down 60 cents/mt from May 20.

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 May 21: $ 13.20/mt, down 45 cents/mt from May 20.

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 May 21: $ 14.55/mt, down 55 cents/mt from May 20.

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 May 21: $ 20.25/mt, down 85 cents/mt from May 20.

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Asia-Pacific Supramax market freight rates were softer on May 21.  

Bunker prices, on the other hand, continued to extend notable losses from the previous session.

On the Indonesia-India coal route, a 55,000-mt +/-10% coal from East Kalimantan to Bhavnagar for May 25-30 laycan was heard fixed at about mid-$23/mt.

Out of the Indian Ocean, a 50/55,000-mt iron ore pellets from New Mangalore to Jinzhou, N. China for May 30-June 2 laycan was heard fixed at $14.50/mt.

No fresh fixtures were heard out of the Persian Gulf on May 21.

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

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Asia-Pacific Panamax market freight rates extended losses on May 21.

Freight derivative rates trended lower during Asian trading hours, while bunker prices registered another downward movement on the day.

Among Australian fixtures, a 75,000-mt +/- 10% metallurgical coal from Hay Point to Vizag for June 19-28 laycan was heard fixed at $25.05/mt.

On the Indonesia-India coal route, an indicative offer of $11.50/mt, was heard for 75,000-mt +/- 10% coal from Balikpapan to Karaikal for June 1-6 laycan.

Fixing information was largely scant out of South Africa on May 21.

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