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Baltic Exchange panamax spot rates fell by about $242 per day on Friday to $16,623, ending a two-week climb. The decline followed softer coal demand and rates that fell across benchmark routes, though period deal interest stayed firm.
Softer panamax rates modestly ease ocean freight costs for grain and oilseed cargoes, though strong South American demand limits the downside.
nauticalvoice.comNV Tech DeskAug 30, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
