Tag: Australia-Korea Panamax freight
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Australia-Korea Panamax freight extends decline of over 30% in latest KEPCO tender
Latest KEPCO tender concludes by 34.3% lower from previous fixture Ample vessel availability, subdued coal enquiries continue to weigh on freight South Korea’s Korea Electric Power Corporation (KEPCO) has concluded another Panamax coal tender at a sharply lower freight level, indicating that weakness in the Pacific freight market has deepened amid limited cargo demand and…