India-Related Supramax and Panamax Freight Rates Report (Sept 21)

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 Sept 21: $ 21.20/mt, down 25 cents/mt from Sept. 18.

1. East Kalimantan to Paradip (East Coast India):
   • Estimated rate for a 55,000 mt coal cargo from East Kalimantan to Paradip on Sept 21: $ 17.60/mt, down 20 cents/mt from Sept. 18.

1. Persian Gulf to Paradip:
   • Estimated rate for a 50,000 mt limestone cargo from Mina Saqr in the UAE to Paradip on Sept 21 : $ 18.70/mt, down 10 cents/mt from Sept. 18.

          4.   South Africa to Navlakhi:

• • Estimated rate for a 50,000 mt coal cargo from RBCT to Navlakhi on Sept 21: $ 25.40/mt, up 30 cents/mt from Sept. 18. 

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 Sept 21: $ 23.70/mt, down 30 cents/mt from Sept. 18.

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 Sept 21: $ 12.70/mt, down 15 cents/mt from Sept. 18.

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 Sept 21: $ 13.85/mt, down 15 cents/mt from Sept. 18.

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 Sept 21: $ 24.00/mt, unchanged from Sept. 18. 

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Asia-Pacific Supramax freight rates were mostly softer on Sept. 21.0

Bunker prices, on the other hand, recorded minor losses from the previous session.

On the Indonesia-India coal route, market participants largely cited a lack of movement and fixture information over the day.

A 55,000 mt +/-10% coal from Meulaboh in Indonesia's Aceh province to Navlakhi for Oct. 3-9 laycan was heard fixed at $15.75/mt.

Fixing information was scant out of the Persian Gulf on Sept. 21.

No fresh fixtures were heard out of South Africa during Asian trading hours.

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Asia-Pacific Panamax freight rates were stable to softer on Sept. 21.

Freight derivative rates, however, trended higher during Asian trading hours, while bunker prices extended minor losses from the previous session.

Out of Australia, a charterer was heard fixed a 75,000-mt +/-10% metallurgical coal from Hay Point to Vizag for Oct. 15-24 laycan at $25.10/mt.

The charterer also heard in the market with a 75,000 mt +/-10% metallurgical coal from Hay Point to Vizag and Haldia for Oct. 19-28 laycan.

On the Indonesia-India coal route, a 70,000 mt +/-10% coal from Taboneo to Vizag for Sept. 20-24 laycan was heard fixed at mid-$13/mt.

Fixing information was scant out of South Africa on Sept. 21.

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