Subscribe to RSS feedRecord coal imports push up panamax rates
by
Keith Wallis, Hong Kong
—
last modified
Nov 13, 2009 09:22 AM
RED hot iron ore and coal imports into China are expected to fuel a push in Pacific panamax rates to higher levels for the rest of the year.
The market surge seen over the last six weeks, which has pushed Baltic Exchange rates to their highest levels since the financial crash last year, could continue until at least the end of 2009 as cheaper imports into China sidelined...
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