‘Horrible week’ adds to Pacific panamax woes
Sandra Tsui in Hong Kong - Tuesday 14 October 2008
BROKERS in the Far East see no hope for improvement in the freefalling Pacific panamax market after what they described as a “horrible week”, writes Sandra Tsui in Hong Kong.
The Baltic Panamax Index lost 21%, last week closing at 1,805 on Friday, and falling even further to 1,584 yesterday.
“It was a horrible week. Rates for ...


