A Chinese punch on Panamaxes

China’s decision to restrict its coal imports in 2019 below 2018 levels will dent demand for Panamaxes, but an ongoing tussle with Australia could be the silver lining.

Dry bulk: Panamaxes idling off Brazil seeking higher rates this week

Over 15 Panamaxes are waiting off the coast of Brazil and avoiding committing to cargoes in the hope that considerably higher rates can be achieved next week once China fully comes back from the Lunar New Year holidays and grains exports surge, sources sa

Baltic index up on higher rates for panamaxes, smaller vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday on firmer rates for panamaxes and smaller vessels.

Alphaliner: Classic Panamaxes Facing Their Demise

The opening of the long-awaited Expanded Panama Canal will inflict a severe blow to the classic panamax market, i.e. the fleet of 4,000- 5,300 teu vessels, according to Alphaliner, as they are phased out of service and sent for scrap.

Panamaxes help Baltic Dry Index end its record-breaking rout

The Baltic Dry Index (BDI) today advanced by 1 point to reach 291 points, the first time the index has shown growth since December 24.