Pacific Panamax rates edge lower on elusive cargoes, bearish sentiment

摘要

Panamax freight rates for thermal coalshipments into India trended lower Wednesday, plagued by agrowing tonnage list in the absence of fresh cargoes asreports on east coast South American grain shipmentscontinued to disappoint, market participants said.The downtrend in the paper market and Capesize freightrates pressured the Panamax freight market further, sources said.