Panamax news

Pangaea Logistics Solutions Ltd has announced that it has expanded its order for high ice class post-panamax dry bulk 95 000 dwt. vessels at Guangzhou Shipyard International (GSI) from two to four vessels.

The joint venture is focused on the Latin American dry bulk chartering and advisory services.

The Baltic Exchange has launched a new assessment to track the cost of operating vessels.

The company has recently completed the acquisition of its second dry bulk vessel, and has also entered into a new time charter agreement with Oldendorff Carriers GMBH & Co KG.

Telestack plans to extend its manufacturing capacity by initially building a phase one 45 000 ft2 factory on a greenfield site close to its current facility, which is central to its continued growth strategy.

The Eastern Mining Company’s Chairman of the Board of Directors told Valery Limarenko about the achieved results of the development of production in the territory of the Uglegorsk district, as well as about its prospects.

The Canadian operator of dry bulk carriers has increased its interest in the CSL International Pool to approximately 40%.

The cranes will tranship bauxite for the production of aluminium from river barges onto ocean-going panamax vessels off the coast of Guinea.

In 2018, freight derivative volumes in the tanker market rose by 20%, volumes in the dry market rose 1.4%, and dry options volumes rose by 44%.

The company has sold the 2001-built vessel to an unaffiliated third party for US$7.45 million before commissions.