West Coast India Weekly Tradelane Report

Sep 11, 2026 4 min read Share on LinkedIn
West Coast India Weekly Tradelane Report
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Weekly Summary

USG — WCINDIA Week 37  |  Sep 7 – Sep 11, 2026
Market Direction
Stable
10K: $104/mt
Rates hold flat across all parcel sizes.
All three parcel bands remained unchanged week on week, with the 5K at $120/mt, 10K at $104/mt, and 20K at $98/mt. A pocket of space emerged following COA nomination conclusions with a regular owner.
Key Driver
Supply
Outside Tonnage
Outsider vessel on berth tightens available positions.
A 19,000 DWT outsider vessel fixed to West Coast India against a high-paying specialty cargo program involving multiple grades and high heat requirements. COA nominations with a regular owner have since freed a pocket of space.
Market Positioning
Balanced Market
Pockets of Space
Position list shows pockets of space after COA conclusions.
The fixing environment holds steady with rates flat at $98 to $120/mt depending on parcel size, and a pocket of availability emerging post-COA. Forward MEG inquiries quoting second-half September and beyond could convert to fixtures and shift the balance.
Trade Lane
US Gulf Coast → West Coast India

MR and LR1 tonnage dominates the USG-WCINDIA corridor, routing via the Suez Canal with voyage durations of approximately 25 to 30 days. India's sustained industrial demand growth has made this one of the most closely watched emerging trade lanes in the Atlantic-to-East market, with Suez Canal transit costs and geopolitical developments in the Red Sea corridor acting as key structural variables on freight economics. 

Benchmarks MR / LR1 Deendayal Dahej

 Conditions on the USG to West Coast India tradelane held stable this week, with rates flat across all parcel sizes for a second consecutive week. The 5K band holds at $120/mt, the 10K at $104/mt, and the 20K at $98/mt, all unchanged. An outsider 19,000 DWT vessel went on berth to West Coast India against a high-paying specialty cargo for an oil and chemical major, a complex program understood to involve multiple grades, high heat requirements, and approximately 6,000 metric tons in the $175/mt range. Separately, a pocket of space has appeared following the conclusion of COA nominations with one of the regular owners. A large ethanol cargo was concluded on MR tonnage in the region of $3 million, and various traders continue to quote packages of MEG for the lane. Forward demand remains present, with MEG inquiries active for second-half September laycan. Whether that inquiry converts to fixtures before fresh tonnage replenishes the position list will shape the near-term fixing environment. 

Freight Trends

Notable Fixtures & Market Quotes

Disclaimer

This information is provided in good faith on an as-is basis without guarantee, representation, or warranty. Freight market commentary, trade lane analysis, and related content are indicative and for general guidance only. This content does not constitute investment, legal, chartering, or financial advice and should not be relied upon as the basis for any commercial decision. Use of this information is at your own risk. To the fullest extent permitted by law, SPI Marine and its affiliates accept no liability for reliance placed on this content. This content is protected by copyright in favor of SPI Marine Group and its affiliates. Unauthorized reproduction, redistribution, or republication is prohibited. Full terms governing use of this website are available in our Terms and Conditions.

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