India-Related Supramax and Panamax Freight Rates Report (Aug 6)

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 Aug 6: $ 18.45/mt, down 5 cents/mt from Aug. 5.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on Aug 6: $ 15.90/mt, unchanged from Aug. 5.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on Aug 6: $ 16.85/mt, down 20 cents/mt from Aug. 5.

          4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on Aug 6: $ 24.60/mt, up 30 cents/mt from Aug. 5. 

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 Aug 6: $ 20.85/mt, up 15 cents/mt from Aug. 5.

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 Aug 6: $ 11.15/mt, up 35 cents/mt from Aug. 5.

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 Aug 6: $ 12.30/mt, up 35 cents/mt from Aug. 5.

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 Aug 6: $ 18.60/mt, up 15 cents/mt from Aug. 5.

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The Asia-Pacific Supramax market was a mixed bag on Aug. 6, as Pacific sentiment remained softer due to a lack of fresh inquiries overall.

The Indian Ocean also continued to see downward pressure on rates due to insufficient demand.

Meanwhile, bunker prices moved higher after significant losses in the previous session.

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

Fixing information was scant out of the Persian Gulf on Aug. 6.

Trading information was largely scarce out of South Africa on Aug. 6.

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Asia-Pacific Panamax market freight rates trended higher on Aug. 6.

Freight derivative rates, on the other hand, fell during Asian trading hours, while bunker prices trended higher day over day.

Out of Australia, a charterer was heard fixed a 75,000-mt +/-10% metallurgical coal from Hay Point to Vizag for Sept. 5-14 laycan at $23.30/mt.

On the Indonesia-India coal route, a charterer heard in the market with a 75,000-mt +/-10% coal from Tanjung Bara to Karaikal for Aug. 21-30 laycan.

Out of South Africa, an 80,000-mt +/-10% coal from RBCT to Mundra for Aug. 20-Sept. 6 laycan was heard fixed at about $19.50/mt

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