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grajekk

01/19/11 8:19 AM

#20533 RE: MJAM2020 #20532

I tried to go back through the posts this morning to find out what the price of spot was in mid to late October, when I started to get in CWRN. I couldn't find a quote, but it seems to me it was around $153/tonne. $30 increase X 75000 tonnes per shipload is dang near $3 million more per panamax! That ain't chicken feed!