India-Related Supramax and Panamax Freight Rates Report (Dec 16)

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 Dec 16: $ 12.45/mt, down 15 cents/mt from Dec. 15.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on Dec 16: $ 11.50/mt, down 15 cents/mt from Dec. 15.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on Dec 16: $ 12.10/mt, down 25 cents/mt from Dec. 15.

        4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on Dec 16: $ 19.10/mt,  down 15 cents/mt from Dec. 15.

      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 Dec 16: $ 13.95/mt, down 35 cents/mt from Dec. 15.

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 Dec 16: $ 8.20/mt, down 30 cents/mt from Dec. 15.

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 Dec 16: $ 8.75/mt, down 30 cents/mt from Dec. 15.

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 Dec 16: $ 14.50/mt, down 15 cents/mt from Dec. 15.

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Asia-Pacific Supramax market freight rates declined in both Pacific and Indian Ocean regions on Dec. 16.

Trading activity in the Pacific region was rather thin. The demand and supply dynamics in the Indian Ocean deteriorated.

On the Indonesia-India coal route, a charterer was heard with a 55,000-mt +/- 10% coal from Muara Berau to Navlakhi for Dec. 26-Jan. 1 laycan.

Out of the Persian Gulf, no fresh fixtures were heard Dec. 16.

Trading information was limited out of South Africa Dec. 16.

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Asia-Pacific Panamax market freight fell on Dec. 16 amid elevated supply levels in the Pacific basin.

Time offer levels were notably lower in the region, specifically on the Australia-India coal route.

Out of Australia, a charterer was heard in the market with a 75,000 mt +/- 10% coal  from Haypoint  to Vizag and Haldia for a Jan. 15-24 laycan.

No fresh fixtures were heard on the Indonesia-India coal route on Dec. 16.

Out of South Africa, fixing information remained fairly muted during Asian trading hours.

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