Pacific Panamaxes ascendant (11 Sep 2024)

bulker sunsetThe newfound strength of eastern Panamaxes has yet to ripple through the entire sector, though Pac-based Panamaxes are still building steam with RVs on 82,000 dwt now trading just below US$ 14,000 daily with US$ 15,000 levels in negotiations for the beginning of next week. Atlantic rates are less enthu­siastic at the moment as front hauls on Kamsarmaxes refuse to rise much higher than US$ 21,000 daily.

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