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17 September 2021 The on-line newspaper devoted to the world of transports 18:18 GMT+2

April 9, 2001

New tonnage pressures freight rates

G. Chandrashekhar

BEGINNING this month, the world Panamax fleet is scheduled to grow by three to four vessels per month as new tonnage is commissioned. Some are likely to be booked under long-term timechart arrangements. However, without any pronounced upturn in demolition activity, the sector is likely to remain oversupplied, according to shipping industry ......
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