- Panamax rates in the Pacific soared to multi-year highs on the back of icy sea conditions in the Atlantic.
- This is attributed to the spike in grain loading out of east coast South America, or ECSA, and a pick-up in European coal demand.
- The firm freight rate on ships loading out of ECSA is forcing charterers to shell out more for voyages within the Pacific region.
- The key Hay Point, Australia, to Paradip, east coast of India, trip to move a 75,000 mt (plus/minus 10%) coal cargo was assessed at...
https://mfame.guru/panamax-rates-aggressive-and-record-high-in-the-pacific/