Tag: South Korea
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South Korea: Latest KEPCO tender signals softer Panamax freight on Australia-Korea route
Latest fixture concluded 17.4% below previous tender Softer freight reflects route shift and easing Pacific market conditions South Korea’s Korea Electric Power Corporation (KEPCO) concluded its latest Panamax coal tender at a notably lower freight level than the previous fixture, signalling some easing in freight sentiment across the Australia-Korea trade. KEPCO fixed 60,750-72,500 tonnes (t)…