Panamax news

Castor Maritime Inc. has announced the sale of the M/V Magic Nebula for a price of US$16.2 million with an expected net gain of US$2.5 million.

Jinhui Shipping and Transportation Ltd. has announced that it has entered into a memorandum of agreement for the acquisition of a panamax vessel.

United Maritime has reported its financial results for the fourth quarter and 12 months ended 31 December 2023 and has declared cash dividend of US$0.075 per share.

The Baltic Exchange has released its latest update on the dry bulk shipping market for the week ending 16 February 2024.

EuroDry Ltd., an owner and operator of dry bulk vessels and provider of seaborne transportation for dry bulk cargoes, has announced its results for the three and twelve-month periods ended 31 December 2023.

Navios Maritime Partners L.P. has reported its financial results for the fourth quarter and year ended 31 December 2023.

Safe Bulkers Inc. has agreed to sell the oldest vessel in its fleet, the 2005-built panamax the m/v Maritsa.

Data from the Baltic Exchange has shown fluctuations in the market with ultramax and supramax vessels seeing the most positive changes.

Castor Maritime Inc. has announced the sales of the M/V Magic Nova and the M/V Magic Horizon for an aggregate price of US$31.9 Million with an expected net gain of US$9.0 Million.

According to the Baltic Exchange the capesize market witnessed a mixed and evolving week with notable fluctuations in different regions.