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Alpha Natural Resources, inc. c Message Board

  • ftestatest ftestatest Apr 18, 2013 2:12 AM Flag

    Panamax Ship Rates Advance as Coal and Grain Cargoes Seen Rising

    Rates for Panamax vessels shipping grains and coal rose for a sixth session, amid speculation that demand to haul both cargoes is increasing.

    Earnings from the ships, hauling about 75,000 metric tons of cargo, rose 2.1 percent to $9,326 a day, according to the Baltic Exchange in London. They’re the largest ships to navigate the Panama Canal. Costs for the Baltic Dry Index, a wider measure of freight, advanced 0.6 percent to 885 points. Two vessel classes within the gauge rose and two fell.

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