Subscribe to RSS feedNorth Pacific grain trade lifts confidence
by
Keith Wallis, Hong Kong
—
last modified
Apr 23, 2010 02:52 PM
OWNERS with panamax tonnage trading in the Pacific region were heading for another bumper week as coal imports into China and continued buoyancy in the South American grain trade keep the market alive.
“Panamax owners last week could see rates for a north Pacific round voyage hit a record high for this year,” a Singapore- based broker who preferred not to be named said.
He forecast that charter rates on this route –...
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