India-Related Supramax and Panamax Freight Rates Report (Nov 03)

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 Nov 03: $ 22.80/mt, down 40 cents/mt from Nov. 2.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on Nov 03: $ 19.40/mt, down 30 cents/mt from Nov. 2.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on Nov 03: $ 18.25/mt, down $1.10/mt from Nov. 2.

          4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on Nov 03: $ 26.05/mt, down 45 cents/mt from Nov. 2. 

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 Nov 03: $ 24.10/mt, down 40 cents/mt from Nov. 2.

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 Nov 03: $ 13.15/mt, down 20 cents/mt from Nov. 2.

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 Nov 03: $ 14.45/mt, down 25 cents/mt from Nov. 2.

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 Nov 03: $ 20.15/mt, down 25 cents/mt from Nov. 2. 

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Asia-Pacific Supramax freight rates were lower on Nov. 3.

Meanwhile, bunker prices saw a notable decline day over day.

On the Indonesia-India coal route, market activity was relatively subdued, partly due to the upcoming Diwali holidays.

A 55,000 mt mt +/-10% coal from Muara Berau to Magdalla for Nov. 17-22 laycan was also heard in the market.

Out of the Indian Ocean, a 50,000 mt +/-10% iron ore from Paradip to China for Nov. 7-11 laycan was heard in the market.

No fresh fixtures or inquiries were heard out of South Africa on Nov. 3.

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Asia-Pacific Panamax freight rates were softer on Nov. 3.

Freight derivative rates saw a slight decline during Asian trading hours, while bunker prices moved sharply lower day over day.

On the Australia-India coal route, fixing information was largely scant over the day.

On the Indonesia-India coal route, a 75,000 mt +/-10% coal from Taboneo to Karaikal for Dec. 3-9 laycan was heard in the market.

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

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