Shipowners holding tonnage on low Panamax freight returns

摘要

Panamax freight to move coal on Asia Pacific routes fell on excess supply of ships and drop in cargo volumes on the Indonesia to India and China runs, shipping sources said Friday. The Panamax freight rate from Banjarmasin port in Indonesia's South Kalimantan province to Mundra port on India's west coast was assessed at $8.40/mt, down 10 cents from Thursday.