India-Related Supramax and Panamax Freight Rates Report (Mar 13)

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 13: $ 21.95/mt, down 5 cents/mt from March 12.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on Mar 13: $ 18.40/mt, down 5 cents/mt from March 12.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on Mar 13: $ 17.75/mt,  up 30 cents/mt from March 12.

        4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on Mar 13: $ 27.30/mt,  up 75 cents/mt from March 12.

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 13: $ 26.40/mt, up 30 cents/mt from March 12.

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 13: $ 13.95/mt, up 10 cents/mt from March 12.

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 13: $ 15.65/mt, up 10 cents/mt from March 12.

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 13: $ 26.30/mt, up $1.15/mt from March 12.

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The Asia-Pacific Supramax market was mixed on March 13.

Bunker prices were mostly steady on the day after registering a significant gain in the previous session.

On the Indonesia-India coal route, trading information remained limited over the day.

Fixing information was scant out of the Persian Gulf on March 13.

No fresh fixtures or cargoes were heard out of South Africa on March 13.

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Asia-Pacific Panamax market freight rates were mostly higher on March 13.

Freight derivative rates, however, extended losses during Asian trading hours while bunker prices held stable after surging in the previous session.

Out of Australia, a charterer was heard in the market for 75,000 mt +/-10% metallurgical coal from Hay Point to Vizag + Haldia for April 1-10 laycan.

Fixing information remained fairly limited on the Indonesia-India coal route on March 13.

Trading information was scant out of South Africa during Asian trading hours.

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PERIOD FIXTURES:-

Minoan Ocean' -2011 - 93146 dwt dely Singapore 15/20 Mar - 2 to 3 laden legs redel Singapore-Japan - USD 17,500 - Cobelfret

Apollon Trader - 2024 - 40552 dwt dely Bejaia 17 Mar - about 4-6 months redel worldwide - USD 16,500 - Norden

Vesper - 2025 - 39759 dwt dely Floro 14 Mar - 4-6 months redel worldwide - USD 16,750 - Fednav

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