Shipowners holding tonnage on low Panamax freight returns

摘要

Panamax freight to move coal on Asia Pacificroutes fell on excess supply of ships and drop in cargovolumes on the Indonesia to India and China runs, shippingsources said Friday.The Panamax freight rate from Banjarmasin port inIndonesia’s South Kalimantan province to Mundra porton India’s west coast was assessed at $8.40/mt, down 10cents from Thursday.