Panamax news

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.

The Panama Canal Port Authority have prepared plans to increase daily transits in January with the addition of six daily slots.

The Baltic Exchange has reported that the dry bulk shipping market has seen another week of corrections during the third week of December.

Star Bulk Carriers Corp. and Eagle Bulk Shipping Inc. have entered into a definitive agreement to combine their assets and create a global dry bulk leader.

The Baltic Exchange reported that there have been general fluctuations and declining rates across all dry bulk vessel classes.

At the end of November the positive momentum seen throughout the month continued with all bulk vessel classes seeing strong growth.

The Panama Canal Port Authority has been working on solutions to the issue of low water levels with a focus on saving water.

Castor Maritime Inc. has announced the Sale of the M/V Magic Moon for US$11.8 Million and the completion of the sale of the M/V Magic Phoenix.