Trans-Atlantic Panamax market crippled by cargo shortage: sources

The trans-Atlantic Panamax market faced a bearish trading month in May, plagued by a severe shortage of cargo, according to market participants. Market levels plummeted throughout the month, with Platts assessing freight for the 70,000 mt, plus or minus 10%, Hampton-Rotterdam coal route at $12.50/mt on June 4. Platts is part of S&P Global Commodity …

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