Panamax news

Cimbria has shipped the elevator top for its high-capacity Bucket Elevator EH64 to the port terminal facility it is constructing for UMEX SA Constanta in Romania.

The Baltic Exchange has reported that there has been a noticeable dip in the dry bulk shipping market as larger vessel rates withdraw.

The Panamax Canal Authority has announced its plan to increase the number of daily slots available for its panamax locks.

The Baltic Exchange has reported that after a positive start to the market, competition has led to strong movements across all shipping vessel classes.

Safe Bulkers Inc., has announced that it has entered into two separate agreements for the sale of a post-panamax and a panamax dry bulk vessel.

Diana Shipping Inc. has announced that it has entered into a time charter contract with Louis Dreyfus Co. Freight Asia Pte. Ltd.

The Baltic Exchange's most recent data has shown rising optimism across capesize, panamax, handysize, ultramax and supramax vessels.

The Baltic Exchange has reported a steady decline for the panamax market but a modest resurgence elsewhere among dry bulk shipping classes.

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.