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The Panamax index dropped 108 points, or 3.7%, to 2,849. Average daily earnings for Panamax vessels fell by $965 to $25,645.
The decline was reported as a two-week low for the index as Panamax and supramax rates slipped.
Lower Panamax and supramax earnings point to softer demand for shipping grain and coal, which reduces freight costs for bulk grain exports.
reuters.comJan 10, 2022Not 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.
