Hong Kong: Strong demand in the Atlantic from South America and the US is pushing spot prices to new highs likely to crack November's record $253,000 a day.
Ships were fixed yesterday for around $250,000 a day and prices are likely to remain stratospheric for the coming couple of weeks as tonnage remains stretched in the Atlantic and farmer blockades in Argentina lay up panamaxes. [9/5/08]
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
