Panamax spot markets have endured another week of steady pressure and lower rates with the relative strength in new activity across the Atlantic still lending little, if any, support to long haul freight levels. Inter-Atlantic Kamsarmax trips (basis 82,000 dwt) have been securing upwards of US$ 11,500 from the Continent to the USG, though owners say such business has been sporadic at best. Pacific activity has been spotty with owners settling for around US$ 11,000 on NoPac round voyages. (For news & updates on dry bulk shipbroking, subscribe to the BMTI Daily Report.)
