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Grain feeds Pacific panamax market.
(From Lloyds List)
Byline: Marcus Hand in Singapore
THE Pacific panamax market picked up last week, boosted by grain shipments from the North Pacific, brokers said.
Shipment delays in Brazil resulted in some Asian importers replacing prompt cargoes with shipments from the US Northwest. Asian importers have been delaying buying until the last minute as uncertainty over shipment hung over them because of the war in Iraq. There was market talk that China had bought two panamax cargoes for prompt shipment from the Pacific Northwest last week.
Voyage rates from the US Gulf to Japan were assessed at ...
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