Panamax news
The dry bulk shipping market has seen increased strength
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 have addressed the issue of water shortage head on
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 has announced the sale of another dry bulk vessel
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.
The Panama Canal Port Authority has released an advisory to shipping
The Panama Canal Port Authority has made an additional auction slot available as well as modified some transit reservation system rules.
The Baltic Exchange has reported on another week of improvement
Initially gloomy market sentiments were replaced by positivity by the end of the week according to the Baltic Exchange.
Signal Group have seen increased optimism in the dry bulk market
Signal Group have reported that the dry bulk shipping market looked to have a more optimistic outlook with iron ore also experiencing a rally in price.
Golden Ocean has announced its third quarter results
Dry bulk owner Golden Ocean has released its unaudited financial results for the third quarter of 2023.
Another week of positive momentum across bulk carrier classes
The Baltic Exchange has reported that there has been widely positive growth across all dry bulk carrier classes.
LNG-fuelled panamax commences operation
Mitsui O.S.K. Lines, Ltd and Kyushu Electric Power Co., Inc. have announced that the LNG-fuelled panamax coal carrier Reimei has commenced operation.
Castor Maritime has announced the sale of older panamax
Castor Maritime Inc. has announced the completion of the sale of the dry bulk carrier M/V Magic Sun.