India-Related Supramax and Panamax Freight Rates Report (Mar 26)

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 Mar 26: $ 17.55/mt, up 70 cents/mt from March 25.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on Mar 26: $ 15.05/mt, up 55 cents/mt from March 25.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on Mar 26: $ 16.80/mt,  down 50 cents/mt from March 25.

        4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on Mar 26: $ 28.10/mt,  up 85 cents/mt from March 25.

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 Mar 26: $ 24.15/mt, down $1.75/mt from March 25.

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 Mar 26: $ 11.80/mt, down 30 cents/mt from March 25.

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 Mar 26: $ 13.00/mt, down 35 cents/mt from March 25.

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 Mar 26: $ 26.80/mt, up 75 cents/mt from March 25.

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Asia-Pacific Supramax freight rates were mixed on March 26. The Indian Ocean market witnessed little improvement, with a notable lack of iron ore inquiries

from the Indian coasts. Bunker prices were slightly higher after plunging in the previous session.

On the Indonesia-India coal route, a 50,000 mt +/-10% coal from Muara Pantai to Navlakhi for an April 3-9 laycan was heard fixed around $19.50/mt.

No fresh fixtures were heard out of the Persian Gulf on March 26.

Fixing information was scant out of South Africa on March 26.

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Asia-Pacific Panamax freight rates were mostly lower on March 26, amid rising tonnage levels and limited fresh enquiries across the basin.

Freight derivative rates declined during Asian trading hours while bunker prices rose after a significant downward movement in the previous session.

Out of Australia, a charterer was heard fixed a 75,000 mt +/-10% coal from Hay Point to Vizag for April 15-24 laycan at $25/mt.

Fixing information remained fairly muted on the Indonesia-India coal route on March 26.

No fresh fixtures or enquiries were heard out of South Africa on March 26.