Panama class shipping rates are firm

Introduction: according to foreign media reports on September 3, according to foreign media reports on September 3, according to broker Zhou San, the freight rate of Panama class dry bulk cargo may remain stable this week, because there are reports that China has issued a new import safety certificate for genetically modified products The freight quotation of ELT's modern Panamax freighter from Meiwan to Japan is 34.00-34.50 US dollars per ton, and the shipment time is from late September to early October, compared with 33.00-33.50 US dollars a week ago China's Ministry of agriculture has issued a new batch of genetically modified safety certificates for shipments of genetically modified soybeans that arrive after September 20, ELT traders said Wednesday China's interim measures to import genetically modified products are due to expire on September 20 According to a broker in Seoul, this is very good news for the shipping market During the past month, the pace of procurement in China was quite slow, but Panamanian shipping rates will remain firm in the coming week ELT also said that the grain and ore business will be booming in the coming month due to the expected high yield of corn and soybeans in the United States and wheat in Australia, which is also very good for the shipping market A Tokyo broker expressed the opinion of a Seoul broker, who said the market also expected strong demand for iron ore in India ELT China has extended the expiry date of Interim Measures for the import of genetically modified products from September 20 this year to April 20 next year, but foreign suppliers must reapply to the Ministry of agriculture for a new safety certificate for genetically modified soybeans In recent weeks, U.S officials have protested against the Chinese government's ban on U.S soybean exports to China So far this year, soybean trade between China and the United States is worth $1.7 billion Last month, U.S exporters said China had implemented new import restrictions on quality grounds China's restrictions on imports of us soybeans have raised concerns that new US soybeans to be harvested will be rejected by the Chinese market Shipping rates from mewan to South Korea and Taiwan are usually $0.50-1.00 per ton lower than those from mewan to Japan, due to the higher fees charged by Japanese ports In the time charter market, the time charter rate quoted from Meiwan to Japan is US $18000-18500 per day, plus US $400000 of empty deposit By contrast, it was $18000 a tonne a week ago, plus $350000 in empty deposits With the end of grain export season in South America, there are few regular shipping contracts from Europe to East Asia via South America Brokers say the Pacific market has a regular shipping rate of $15000 a day, compared with $14000 - $15000 earlier last week ELT