Asian freight rates appeared to drift ahead of the Lunar New Yearholiday, although Capesize rates received some support comparedwith those for Panamax and Supramaxes.Cape voyage charter rates for Newcastle to South Chinaincreased to $9.90/t, up from $9.70/t last week.Panamax rates on the same route were assessed at $11.00/t,falling from $11.30/t the previous week.
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