# China spoils the party for Panamaxes ‣ WorldCargo News

> China's government effort to curb coal and lignite imports in November and December 2018 is reducing cargo demand for Panamax bulk vessels. Freight rates for these ships are falling as a result.

- Date: 2019-01-03 · published 2019-01-03T12:00:00.000Z
- Category: logistics · region China · magnitude low
- Page: https://feedsoft.ai/events/61281-china-spoils-the-party-for-panamaxes-worldcargo-news
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower Panamax rates raise the cost of trust-bulk grain and soybean shipments only indirectly, but weaker dry bulk demand signals softer freight costs for feed ingredients moving on Panamax vessels.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- worldcargonews.com: https://www.worldcargonews.com/dry-bulk-shipping/2019/01/china-spoils-the-party-for-panamaxes/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.