Wednesday, February 1, 2017
Maritime News

Alphaliner: 100+ Panamax Containerships Must be Scrapped to Reach Break-Even Levels

By Gavin van Marle (The Loadstar) – At least 100 panamax-class containerships need to be scrapped if owners are to see charter rates return to break-even levels, shipping analyst Alphaliner...

February 1, 2017
Total Views: 48

Wednesday, January 11, 2017
rickmers maritime
Interesting

2010-Built Panamax Containership ‘Hammonia Grenada’ Sold for Scrap

Another 7-year-old panamax containership is headed to the breakers, all but solidifying the death of the panamax-class amid global shipping’s downturn and the opening of the expanded Panama Canal. Sources familiar...

January 11, 2017
Total Views: 118

Friday, August 19, 2016
Suezmax Aegean Unity new panama canal locks
Maritime News

1st Suezmax Crude Tanker Enters New Panama Canal

by Liz Hampton (Reuters) The first Suezmax crude oil tanker that was slated to go through the newly expanded Panama Canal began its transit on Thursday, a public relations official told...

August 19, 2016
Total Views: 10

Wednesday, August 13, 2014
Maritime News

Asia Buyers of U.S. Oil Struggle on Tight Ship Supply

Asian buyers of ultra light oil from the United States are struggling to find small-sized ships willing to undertake the month-long voyage at affordable rates as U.S.-Asia oil trade flows grow.

August 13, 2014
Total Views: 4

Thursday, June 26, 2014
iron ore loading
News

Dry Bulk Ship Rates Poised for Record Low on Indonesian Ore Ban

Freight rates for the biggest vessels to navigate the Panama canal are poised to slump to a record because of Indonesia’s ban on exports of nickel and aluminum ore, according to an operator of the ships.

June 26, 2014
Total Views: 7

Thursday, June 19, 2014
Maritime News

Asia Dry Bulk | Capesize Rates to Hold Steady, Panamaxes to Fall More

By Keith Wallis SINGAPORE June 19 (Reuters) – Rates for capesize bulk carriers on key Asian routes are set to hold steady as charterers maintain leasing activity, even as Asian...

June 19, 2014
Total Views: 9

Monday, August 26, 2013
panamax bulk carrier ds norden
News

Panamax Rates Rising as Crop Cargoes Near Record

Aug. 27 (Bloomberg) — Near-record agricultural exports are diminishing the capacity glut in grain carriers, boosting rates for Safe Bulkers Inc. and other owners to the highest in almost two...

August 26, 2013
Total Views: 36

Friday, June 7, 2013

Panamax Bulker Glut Magnifies Downturn

(Bloomberg) Rates for ships hauling coal and grains posted the longest losing streak on record as the merchant fleet’s largest glut magnified seasonal declines in demand from South America andIndia. Earnings for...

June 7, 2013
Total Views: 0

Monday, June 3, 2013
panamax bulk carrier ds norden
News

Trader Offers Free Charters of Panamax Coal Carriers

June 3 (Bloomberg) — A freight trader operating more than 40 vessels offered to lease ships for no charter income and pay toward fuel costs as the biggest fleet glut...

June 3, 2013
Total Views: 50

Thursday, May 30, 2013
iron ore port hedland bhp billiton
News

Panamax Rates Slide for 26th Straight Day as Chinese Mills Put Pressure on Spot Market

(Bloomberg) — Rates to ship iron ore fell by the most in two weeks on speculation steel mills in China, the largest buyer, are using inventories instead of imports to...

May 30, 2013
Total Views: 0

Thursday, April 25, 2013
News

Grain Ships Have Biggest Fall This Year as Cargo Demand Slows

(Bloomberg) — Rates for dry bulk carriers hauling grains and minerals fell the most in a single session this year as demand for cargoes slowed. Day rates for Panamaxes, 750-foot-long...

April 25, 2013
Total Views: 0

Friday, April 5, 2013
grain carrier bulk liberty maritime
News

Another Negative Week for the Dry Bulk Market

April 5 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, fell on Friday for a seventh straight day on limited activity...

April 5, 2013
Total Views: 0

Tuesday, March 26, 2013
bulk carrier grain dry cargo ship
News

After Longest Rally in a Decade, Rates for Panamax Bulk Carriers Fall

March 26 (Bloomberg) — Rates for Panamax ships carrying grains ended their longest rally in a decade amid speculation demand temporarily declined before holidays starting at the end of this...

March 26, 2013
Total Views: 2

Friday, March 22, 2013
grain ship bulk carrier export dry cargo
News

South American Grain Continues to Support Panamax Rates, Capesize Ships Take Another Hit

By Shrutee Sarkar March 22 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, firmed for the 18th consecutive day on Friday,...

March 22, 2013
Total Views: 23

Monday, March 18, 2013
News

Panamax Rates Climb to 8-Month High

By Rob Sheridan (Bloomberg) — Rates for Panamax ships climbed to the highest level in almost eight months on increased demand to move grains and oilseeds from South America. Rates for Panamax vessels, the...

March 18, 2013
Total Views: 0

Monday, March 11, 2013
News

South American Grain Boom Drives Panamax Rates Higher

March 11 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, rose on Monday, primarily due to higher panamax rates that were...

March 11, 2013
Total Views: 3

Friday, March 8, 2013
grain ship bulk carrier export dry cargo
News

Panamax Demand Rises on Increased Grain Exports from South America

(Bloomberg) — The Baltic Dry Index, a measure of commodity-shipping costs, rose to the highest level this year on demand to transport grain cargoes.  The gauge added 1.1 percent to...

March 8, 2013
Total Views: 3

Thursday, February 14, 2013
amphitrite post-panamax bulk carrier diana shipping
News

South American Grains Fuel Higher Day Rates for Panamax Ships, Capesizes Decline

Returns for Panamax ships, the main grain and coal carriers, reached the highest in almost two months as the reopening of some Asian offices after holidays and South America’s nearing...

February 14, 2013
Total Views: 3

Wednesday, February 13, 2013
Tsuru coal carrier
News

Rates for Panamax Coal Carriers Boosted by Increased U.S. Exports

Returns for Panamax vessels that haul coal and other commodities strengthened, nearing a two- month high, on increasing exports of the mineral from the U.S. Gulf Coast. Daily rates rose...

February 13, 2013
Total Views: 0

Friday, February 1, 2013
iron ore port hedland bhp billiton
News

Ore, Coal Arbitrages Seen Exceeding Chinese GDP for Ship Demand

(Bloomberg) — Price arbitrages that make it profitable for traders to ship coal and iron ore to China may become more important in determining ship demand than the nation’s economic...

February 1, 2013
Total Views: 1