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Panamax rates yet to improve despite rising level of activity
Sandra Tsui in Hong Kong - Tuesday 11 November 2008
SHIPBROKERS in the Far East expect rates to remain soft in the Pacific panamax market, despite improved sentiment and higher chartering activity, writes Sandra Tsui in Hong Kong.
The Baltic Panamax Index rose for most days last week, bucking the still-gloomy trend in the capesize sector.
However, brokers in the region remain cautious talking abo...
