Panamax coal freight rates end week on mixed note

摘要

Singapore - Panamax coal freight rates on established routes from South Africa's Richards Bay to India ended the week sharply lower Friday, even as freight on the Indonesia to India route remained strong, sources said. A Panamax vessel was reportedly fixed from Richards Bay to India at $11.75/mt on Thursday, with the vessel's dis- charge rate of 30,000 mt/day, sources said. "It's [freight rate] is totally off the current market price," a Dubai-based source said. "This might be one of those ships that was ballasting towards Richards Bay and could not find a cargo," he added.