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The Panamax market had a mixed week, with a firm start and fresh demand in both basins that faded by mid-week into a stand-off. South American fronthaul cargoes reached about $15,000 a day plus a $500,000 delivery bonus, and Australian mineral demand gave support.
Mixed Panamax demand leaves grain freight rates roughly steady, with South American grain flows providing the main support. Buyers should expect no clear change in ocean freight costs.
maritimes.grJun 12, 2023Not 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.
