India-Related Supramax and Panamax Freight Rates Report (May 25)

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 25: $ 20.50/mt, down 10 cents/mt from May 22.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on May 25: $ 17.65/mt, down 5 cents/mt from May 22.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on May 25: $ 18.85/mt, up 5 cents/mt from May 22.

        4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on May 25: $ 23.85/mt,  down 45 cents/mt from May 22. 

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 25: $ 24.60/mt, down 35 cents/mt from May 22.

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 25: $ 13.05/mt, down 5 cents/mt from May 22.

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 25: $ 14.40/mt, down 5 cents/mt from May 22.

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 25: $ 19.65/mt, down 55 cents/mt from May 22.                        

++++

Asia-Pacific Supramax freight rates showed mixed movements on May 25.

Meanwhile, bunker prices took a break from the previous rally, declining significantly day over day.

On the Indonesia-India coal route, it's reported slow trading activity and a lack of fresh orders.

Out of the Persian Gulf, fixing information was fairly muted on May 25.

Out of South Africa, no fresh fixtures were heard during Asian trading hours.

++++

Asia-Pacific Panamax market freight rates fell on May 25 as the trading week started on a relatively slow note.

Bunker prices, on the other hand, witnessed a significant downward movement on the day.

Out of Australia, a charterer was heard fixed a 75,000-mt +/-10% metallurgical coal from Hay Point to Vizag for June 15-24 laycan at $25.70/mt.

Fixing information was scarce on the Indonesia-India coal route on May 25.

No fresh fixtures or inquiries were heard out of South Africa on May 25.

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