Lloyds List: Panamax Rate Tumble Linked To Gas Prices

“Lloyds List cites Poten in this article relating to Panamax rates and gas prices. “ The high concentration of fuel oil trading on panamaxes makes demand for these vessels subject to the demand of this commodity”, Poten says in its latest weekly opinion. “Looking ahead through the fourth quarter, however, history indicates that rates will increase substantially from September levels” the article continues.”