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You are here: Home Archive 2010 February Weekly Edition 25th February 2010 Rates rescued from slide by lift in coal sentiment

Rates rescued from slide by lift in coal sentiment

by Michelle Wiese Bockmann, London last modified Feb 26, 2010 03:09 PM

FIRMING sentiment arrested a month-long slide and lifted supramax rates on all but one of the 10 major trading lanes last week.

However, brokers were uncertain whether the small rise reflected sustained and stronger demand for ships.
“There is definitely some firmness, but whether it is psychological or substantiated by cargoes, I don’t know yet,” one broker said.
“We are all a...

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