Panamax news

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.

Diana Shipping Inc. has announced the sale of the m/v Artemis, a 2006-built panamax dry bulk vessel.

According to the Baltic Exchange, dry bulk shipping has seen positive growth in the Atlantic market with some minor decreases seen in South America and the US Gulf.

Diana Shipping Inc. has announced a new time charter contract for the dry bulk panamax vessel ,m/v Maera ,with ST Shipping taking on the vessel.

Kawasaki Kisen Kaisha, Ltd and Nihon Shipyard Co., Ltd have entered into a contract for the construction of three post-panamax bulkers which have been developed and designed as next-generation, environmentally friendly ships.

The Baltic Exchange has reported a decline in charter rates across multiple dry bulk vessel classes with no sign of abating.

Diana Shipping Inc. has announced that it has extended the time charter contract for the m/v Amphitrite, a post-panamax dry bulk vessel.

The Baltic Exchange has reported that there has been a slow start to the 2024 dry bulk market with limited fresh enquiry in the ultramax sector and a sedated start for the panamax sector.

Castor Maritime Inc. has announced the sale of the M/V Magic Venus for US$17.5 million with an expected net gain of US$3.5 million.