Stability observed in Pacific Panamax trades
Pacific-based shipowners say that the eastern market has been relatively stable since the weekend, but that charterers are more aggressively seeking discounts as round voyages float near US$ 8,000 daily.
(p. 1)
Coasters: Northern freight rally rages onward
Owners are already getting low-mid EUR 30s/mt on general cargoes from Kaliningrad to WCUK.
(p. 1)
China to continue along path of slowing growth
On the back of robust support from economic policy the Chinese economy is set to expand by some 6.6% in 2016, but will probably fall to 6.4% in 2017.
(p. 2)
…. read more in today’s BMTI Daily Report