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Indonesian port congestion boosting panamax bulker market

Home | Press | Indonesian port congestion boosting panamax bulker market

“The higher demand for energy worldwide has certainly caused a rise in panamax rates,” said Giuseppe Rosano, founder of UK broking house Alibra Shipping.

“Not to mention the grain season around the corner in South America.” he told TradeWinds. “Remember the market’s move many times with just sentiments or no reason whatsoever.”

Trade Winds Mast Head

“The higher demand for energy worldwide has certainly caused a rise in panamax rates,” said Giuseppe Rosano, founder of UK broking house Alibra Shipping.

“Not to mention the grain season around the corner in South America.” he told TradeWinds. “Remember the market’s move many times with just sentiments or no reason whatsoever.”

By Michael Juliano (Stamford)

(Originally published at Tradewindsnews.com – 08 September 2022)