Owners of Panamax bulkers welcome the recent trend of rates solidifying along sideways paths with charterers proving to be mostly satisfied with the nonetheless depressed spot rates available to them. Pacific rounds are still trading at around US$ 7,000 daily on modern tonnage of 82,000 dwt. The NoPac rounds on ships of 76,000 dwt are fetching closer to US$ 6,000 daily with some owners already relenting to US$ 5,000s on Japan redelivery. Comparable rate levels have been observed from Vietnam via Australia to China. (For news & updates on dry bulk shipbroking, subscribe to the BMTI Daily Report.)