Weak Supramax market dragging down Panamax coal freight

摘要

Singapore—Coal freight rates for chartering Panamax vessels were heard coming under pressure on the back of a weakening Supramax market on slow business due to the holiday period. “The Panamax market is heading downwards. Hardly anything is happening in the market. The Chinese are holding rates below the current market levels,” a chartering source with a coal trading house said, adding that this could also impact the Capesize market.