Freight: Pacific Panamax earnings strengthen

摘要

Supported by gains in both basins, the Capesize(180k dwt) 5TC average has jumped to thehighest level since January, at $12,346/d on 2May, from $9,203/d on 29 April.Improvements in the Pacific were driven by anupturn in Western Australian iron ore charteringand a stronger fronthaul market in Brazil, whichdrew ballasters out of the basin.