Supramax freight rates in Southeast Asia surged at least 25% in the trading week ended Nov. 27 as the unexpected news of China releasing an additional 20 million mt of coal import quotas rapidly drained tonnage from the region. Time Charter Equivalent rates for Supramaxes burning bunker fuel 0.5% opening South China for a trip …
The post Pacific Supramax freight rates surge as Chinese utilities receive fresh coal quotas first appeared on Hellenic Shipping News Worldwide.