Panamax picks up

Panamax picks up
Published: 19 June 2012


Handysize rates cooled in both the Atlantic and Pacific basins. RV Atlantic rates fell from US$15,320/day on 30 May to US$15,000 a fortnight later. The slip in the Pacific market was even more marked as RV Pacific rates fell from US$6230 to US$4900/day over the period. However, the TCT Cont/Far East contract provided some good news as it edged upward from US$19,200 to US$19,600.

The Baltic Dry Index rose to 902 in the week ended 13 June 2012

To continue reading this story and have 100% free access to the CemNet.com website, please Register for a subscription to International Cement Review or Login