Demand remains strong for Supramaxes to ship coal on Indonesia-India routes — despite a 40% spike in freight rates — due to logistical and economic considerations that blunt the attractiveness of fixing considerably cheaper rates on larger Panamax and Capesize ships, shipping market sources said Feb. 9-10. The freight to move a 55,000 mt (plus/minus …
The post Supramax demand strong on Indonesia-India coal route despite Panamaxes proving cheaper first appeared on Hellenic Shipping News Worldwide.