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Philippe van den Abeele

30 years experience in freight and freight related commodity derivatives trading. Instrumental in the development and marketing of financial products aimed at providing hedging tools for the worldwide shipping community.

Orders Commodities Freight

Panamax freight prices on a roll as aggressive Chinese grain buying spooks seasoned traders
By Philippe van den Abeele on February 16, 2021

Spot Panamax freight rates (PMX 4TC, Feb-21) increased by 130% in the last 3 months, reaching $15,625/day on 11th Feb-21 vs. $6,825/day on 2nd Nov-20). How will commodity houses, charterers...

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