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Panamax and supramax freight rates may enjoy Suez boost

Freight rates for the panamax and supramax segment are likely to rise due to the Suez Canal closure as prolonged delay could lengthen voyages and further tighten vessel supply for the segments

Total congestion outside both canal entrances has soared, with Lloyd’s List Intelligence showing about 46 bulk carriers awaiting transit through the busy waterway in the wake of the Ever Given grounding

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