# Panamax rates fall despite active market (30 Oct 2017) - BMTI – Trend Experts for Shipping

> Atlantic Panamax freight rates for US Gulf grain to China, Japan and Korea concluded just over US$40/mt, about US$2-3/mt below early October levels. Coaster rates into the Azov and North Africa were more volatile, and Handysize rates in the eastern basin were steady.

- Date: 2017-10-30 · published 2017-10-30T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/68359-panamax-rates-fall-despite-active-market-30-oct-2017-bmti-trend-experts-for
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower Panamax grain freight reduces the delivered cost of US exports to Asia, which supports US export competitiveness and slightly weighs on the basis at export positions.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- bmti-report.com: https://www.bmti-report.com/panamax-rates-drop-despite-active-market-30-oct-2017/

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