Cement News tagged under: panamax

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Panamax picks up

19 June 2012, Published under Cement News

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. After its recent downward trend, the Panamax market bottomed out during the week ended 6 June recording rates o...

Panamax registers record high for the year, but rest remains mixed

18 May 2012, Published under Cement News

The Baltic Dry Index remained virtually flat since 25 April, climbing from 1137 to 1156 on 9 May, but then falling back to 1137 one week later. The Capesize market noted little movement this week with prices between Richards Bay and Rotterdam largely stable at US$8.30/t between 25 April and 16 May, only peaking at US$8.40/t last week. Fearnleys reported that the Atlantic bubble burst and the market fell back to US$8000/day. TCT Continental/Far East rates did note some improvement ...