India-Related Supramax and Panamax Freight Rates Report (May 18)

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 18: $ 21.15/mt, up 30 cents/mt from May 15.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on May 18: $ 18.10/mt, up 20 cents/mt from May 15.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on May 18: $ 19.00/mt, up 70 cents/mt from May 15.

        4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on May 18: $ 24.75/mt,  down 70 cents/mt from May 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 May 18: $ 26.40/mt, up 35 cents/mt from May 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 May 18: $ 14.30/mt, up 20 cents/mt from May 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 May 18: $ 15.80/mt, up 20 cents/mt from May 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 May 18: $ 20.90/mt, up 75 cents/mt from May 15.

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Asia-Pacific Supramax market freight rates were largely higher on May 18.

On the other hand, bunker prices continued to rise from the previous session.

On the Indonesia-India coal route, a 55,000 mt +/- 10% coal from East Kalimantan to Navlakhi for May 22-27 laycan was heard fixed at $21.45/mt.

Out of the Persian Gulf, a 52,500 mt +/-10% limestone from Dibba in the UAE to Paradip and Haldia for June 1-5 laycan was heard in the market.

Out of South Africa, a 55,000 mt +/-10% coal from RBCT to Hazira for June 10-19 laycan was heard fixed around $20/mt.

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Asia-Pacific Panamax market freight rates rose on May 18.

Freight derivative rates fell during Asian trading hours, while bunker prices extended notable gains from the previous session.

Out of Australia, a charterer was heard fixed a 75,000 mt +/- 10% metallurgical coal from DBCT to Vizag and Haldia for June 15-24 laycan at $28/mt.

The Charterer was also heard in the market with an 80,000 mt +/-10% metallurgical coal from Gladstone to Vizag and Haldia for June 15-24 laycan.

Fixing information was limited on the Indonesia-India coal route on May 18.

Out of South Africa, a 75,000 mt +/- 10% coal from RBCT to New Mangalore for May 21-30 laycan was heard fixed around $21/mt.

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