US EditionPacBasin: steady Q1 despite rate pain
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PacBasin: steady Q1 despite rate pain
Dale Crisp HONG KONG minor bulks specialist Pacific Basin Shipping outperformed market indices in the traditionally slower first quarter but still saw daily time-charter equivalent rates for Handymax and Supramax fall 1% and 10% respectively year on year. Releasing Q1 results late last week PacBasin said the freight market followed historical seasonal patterns with reduced market activity leading up to the Lunar New Year at the end of January an…
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