Subscribe to RSS feedRetreat in Atlantic rates could bring out cargoes
by
Liz McCarthy, London
—
last modified
Dec 10, 2009 02:29 PM
RATES to hire panamax bulk carriers in the Atlantic market have retreated below US$40,000 per day for voyages to Asa after charterers held back cargoes from the spot market.
Brokers reported a very quiet start last week with many unsure which way the market would swing as there were outstanding cargoes that needed to be fixed within the next two weeks.
“I’d say there’s still cargoes under the table...
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