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• Panamax rates under modest pressure (02 Sep 2025)

  Pressure has descended upon the Panamaxes with tonnage of 82,000 dwt now lucky to get something in the US$ 18,000s for trans-Atlantic RVs while charterers push for US$17,000s on mid-month positions. Front haul business on Kamsarmax tonnage remains in the US$ 25,000s, though daily discounts of US$ 500 on the spot market could see those levels eroded by the end of week if an early month rebound in cargoes fails to happen over the next few days. Handysizes have been looking stronger in the At¬lantic thanks to the resurgence in USG delivery rates having pushed inter-Atlantic rates (USG to UKC) on 38-42,000 ships from the high US$ 19,000s to the lower US$ 20,000s in just 48 hours. A 2014-built vessel of 37,000 dwt (believed to be the “T Clever”) open Cristobal for 3-7 September was said to be on subs for delivery SW Pass and WC redelivery with grains at a rate of around US$ 21,000 daily. A vessel of 56,000 dwt (2007-built) ex-Karachi was reported to have secured US$ 13,000 via AG to WCI, though others said the rate was closer to US$ 13,500 daily. (For news & updates on dry bulk shipbroking, subscribe to the BMTI Daily Report.)

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