Rapid Panamax Expansion Affects Freight Rates
A fast expansion of the fleet in the panamax sector has outpaced
trade and affected freight rates, shipbrokers on Monday.
"Panamax freight rates are not weaker due to falling demand,
but rather because the fleet is growing faster than trade,"
a broker said. Rates quoted on the Baltic Panamax Index reflected
a negative trend across the board, with
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