Tag: South Korea
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South Korea: Latest KEPCO tender reflects firmer Panamax freights on Australia-Korea route
Latest fixture concluded at 24% higher freight than previous tender Stronger Pacific chartering activity, tighter vessel supply lift rates Steady procurement by South Korea’s Korea Electric Power Corporation (KEPCO) continued to support Panamax freight sentiment in the Pacific, with the latest Australian fixture indicating a notable recovery in freight levels amid improving regional market conditions.…