Rates rescued from slide by lift in coal sentiment
by
Michelle Wiese Bockmann, London
—
last modified
Feb 26, 2010 04:09 PM
FIRMING sentiment arrested a month-long slide and lifted supramax rates on all but one of the 10 major trading lanes last week.
However, brokers were uncertain whether the small rise reflected sustained and stronger demand for ships.
“There is definitely some firmness, but whether it is psychological or substantiated by cargoes, I don’t know yet,” one broker said.
“We are all a...
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