Going against the grain

摘要

At the end of November, Panamax dry bulk rates were up more than 20 per cent from a year ago, mainly due to strong Asian demand to ship iron ore and grains. Demand for charters of panamax ships is also being driven by a shortage of capesize vessels to move iron ore and coal, which is having a "knock-on" effect on availability of transport for grain as panamax ships are diverted to the more lucrative coal and ore trades.