India: Dry bulk coal freights weaken amid subdued market conditions

Coal freights to India fell w-o-w on 23 Dec amid subdued market conditions. Lower FFA levels, softer Baltic indices, easing bunker prices, and ample prompt tonnage kept freights under pressure.

  • Hay Point-Paradip: Freights were assessed at $12.7/dmt (-$1.8/dmt w-o-w).
  • RBCT-Paradip: Rates were assessed at $12.8/dmt (-$1.7/dmt w-o-w).
  • East Kalimantan-Navlakhi: Freights were assessed at $13.50/dmt (-$1.36/dmt w-o-w).