Independent journal on economy and transport policy
01:24 GMT+2
Asian grain cargo rates up but not for long, say agents
(Shipping Times)
July 30, 1999
[TAIPEI]
A shortage of vessel capacity has pushed Asian grain cargo rates higher in the past week as demand remained strong, but agents said the rate hikes were short-lived and would ease in the near term.
Agents quoted rates for Panamax-class vessels between the Gulf and Japan at US$17.729 (S$29.962) a tonne, firmer from US$17.371 a week ago. Rates for Panamax-class ...... Read more on Shipping Times
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