Panamax Vessels News

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell on Monday, pressured by declining rates across all vessel segments.The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 39 points to 2,220 points.The capesize index dropped 103 points to 3,524 points.Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $848 to $29,228.Iron ore futures prices declined on Monday, pressured by sluggish steel demand and mounting

The Baltic Exchange's main sea freight index, which measures rates for ships carrying dry bulk commodities, edged lower on Tuesday, as rates declined across capesize and panamax vessel segments.* The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 21 points, or 1%, to 2,017 points.* The capesize index was down 56 points, or 1.7%, at 3,261.* Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal…

“During the first half of 2025, US seaborne grain shipments increased 9% y/y, driven by stronger maize exports. While an increase in import tariffs led to a 57% y/y drop in volumes to China, the US has been able to find alternative markets for most of its cargoes,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.In March 2025, China introduced higher tariffs on US grain shipments, significantly reducing the competitiveness of US cargoes. As a result, the share of US grain cargoes destined for China plunged from 26% in the first half of 2024 to just 10% in 2025.

In a major milestone for Turkey’s maritime industry, Sefine Shipyard, represented by OKT Shipping Ltd., has welcomed the first vessel into its new floating dock.This addition brings Sefine's total number of large docks to three, strengthening its capacity to handle complex, large-scale repair and conversion projects:Dock No.1 – A 240m x 42m graving dock designed for Post-Panamax vessels up to 90,000 DWTDock No.2 – A 282m x 47m Aframax-type floating dock suitable for vessels up to 120…

The Baltic Exchange's dry bulk sea freight index extended gains on Thursday, reaching a more than two-week high, on stronger rates across all vessel segments.* The main index .BADI, which monitors rates for capesize, panamax, and supramax shipping vessels, rose by 53 points to mark its highest level since April 7, at 1,353 points.* The capesize index .BACI gained 114 points to its highest since April 8 at 1,846.* Average daily earnings for capesize vessels .BATCA, which typically transport 150…

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell for a sixth straight session on Tuesday, pressured by lower rates across all vessel segments.The main index .BADI, which tracks rates for capesize, panamax, and supramax shipping vessels, was down 11 points at 1,587, its lowest since March 12.The capesize index .BACI fell 25 points to 2,440, a near one-month low.Average daily earnings for capesize vessels .BATCA…

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a third consecutive session on Thursday, hurt by weaker rates in the capesize segment.* The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 13 points, or 0.8%, to 1,621 points.* The capesize index shed 54 points, or 2.1%, to reach 2,527 points, lowest level since March 11.* "On the West Australia front, we see relatively limited cargoes and some enquiries for slightly forward end April dates…

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, marked its lowest level in two weeks on Wednesday, pulled down by weaker capesize rates.* The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 8 points, or 0.5%, to 1,634 points. The index hit its lowest level since March 12.* The capesize index shed 49 points, or 1.9%, to reach 2,581 points, a two-week low.* Average daily earnings for capesize vessels…

The Baltic Exchange’s main sea freight index rose to its highest level in a week on Monday, supported by gains across all vessel segments amid strengthening demand and firmer commodity markets.The overall Baltic Dry Index (BDI), which tracks rates for ships carrying dry bulk commodities such as coal, iron ore, and grains, climbed 9 points, or 0.6%, to 1,652. This marks the index's highest level since March 17.Leading the upward momentum was the capesize segment, with its index rising 14 points, or 0.5%, to 2,690.

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a four-session losing streak on Friday, buoyed by an uptick in rates across all vessel segments.* The main index, which factors in rates for capesize, panamax and supramax shipping vessels, added 8 points to 1,643 points. However, the index fell 2% for the week.* The capesize index gained 6 points to 2,676 points, ending a five-session losing streak, but was down close to 7% for the week.* Average daily earnings for capesize vessels…

VesselBot has highlighted the significant financial exposure for major container shipping lines under the Office of the United States Trade Representative (USTR) proposed Section 301 service fees targeting China's maritime sector.USTR is proposing to impose fees and restrictions on international maritime transport services related to Chinese ship operators and Chinese-built ships, as it has found China’s acts, policies and practices to be unreasonable and to burden or restrict US commerce.Of the global container fleet of approximately 6…

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Monday due to weaker larger vessel rates.The index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, fell 6 points to 809 points, snapping a six-session winning streak.The capesize index .BACI was down 30 points at 810 points.Average daily earnings for capesize vessels .BATCA, which typically transport 150,000-ton cargoes such as iron ore and coal…

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a thirteen-day losing streak on Friday, supported by strong rates across the capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 20 points to 735 points, recording gains for the first time since Jan. 13. The contract was down 8.1% this week.The capesize index gained 33 points to 874 points.

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses for the thirteenth straight session on Thursday, pressured by a dip in rates across capesize and supramax segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 11 points to 715 points, hitting its lowest in 23 months.The capesize index slipped 35 points to 841 points, dropping to its lowest level since February 2023.

Port Houston achieved a historic milestone in 2024, handling a record-breaking 53.07 million tons of cargo, a 6% increase over 2023 at its public terminals. Container volume also surged by 8%, reinforcing the port's critical role in facilitating trade and driving economic growth for Houston, the surrounding region, and the nation."Houston is at the heart of our nation’s trade, connecting our region to global markets," said Charlie Jenkins, CEO of Port Houston. "This record tonnage achievement reflects the dedication of our team and our strong partnerships with labor and key stakeholders.

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday and posted its third straight weekly loss, weighed down by weaker rates across vessel types.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 46 points to 778 points, its lowest level since February 2023. The index was down over 21% for the week.The capesize index slipped 98 points to 983 points, dropping to its lowest level since March 2023.

The Baltic Exchange's dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, extended losses to a 23-month low on Thursday, dragged by weaker rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 69 points to 824 points, hitting its lowest since February 2023.The capesize index slipped 155 points to 1,081 points, dropping to over five-week low. Average daily earnings for capesize vessels…

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to its lowest level in 23 months on Wednesday, as rates dipped across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 35 points to 893 points, hitting its lowest since February 2023.The capesize index slipped 48 points to 1,236 points, dropping to a near two-week low. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, lost $395 to $10,252.

The Baltic Exchange's dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, fell for a sixth straight session on Tuesday to an over one-year low as rates weakened across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 29 points, or 3.03%, to 928 points - its lowest since June 2023.The Baltic index is expected to decrease in the lead up to the Chinese new year, as this is typically a period of weaker demand for the sector…

Nearly all recycling nation currencies reported dips this week, reports cash buyer GMS, with the Bangladeshi Taka taking the largest slice of the week’s depreciation pie.Even the Baltic Shipping Index has been reporting an overall downward trend in nearly all sectors, which has caused dry bulk markets to close another week with a near 6% decline.“As forecasted in weeks prior and based on the trajectory of charter rates through the tail end of 2024 and even thus far in 2025, ship recycling markets should continue to enjoy a healthier Q1 of vessel introductions…

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a one-week low on Friday and marked a second straight weekly fall as rates across all segments weakened.The index, which factors in rates for capesize, panamax and supramax shipping vessels, slipped 36 points at 987 points, its lowest level since Jan. 9. It was down 5.8% for the week.The capesize index fell 89 points to a one-week low of 1,393 points and lost 3.8% this week.

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a third consecutive session on Thursday, hurt by weaker rates across the capesize and supramax segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 40 points at 1,023 points, its lowest level in a week.The capesize index fell 99 points to 1,482 points. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $815 to $12,294.Prices of iron ore futures rose to a four-week high, supported by reduced shipments from a major producer and growing expectations of further rate cuts by the Federal Reserve following cooler-than-expected U.S.

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, inched lower for a second consecutive session on Wednesday, dragged down by weaker rates across all vessels.The index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, was down 17 points at 1,063 points.The capesize index fell 23 points to 1,581 points. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal…