Atlantic Supramax petcoke freight rates may have hit bottom: sources

摘要

The Atlantic Supramax market may have finally hitbottom,with owners no longer willing to accept low bids fromcharterers, sources said Wednesday.This, allied with an uptick in inquiry along some key routes, led tomost freight rates staying stable Wednesday, with some even risingmarginally, sources said. Higher freight rates would likely drive downUSGC FOB petcoke prices as they have been propped up for the last several months by weakening in global shipping rates.