panamax vessels

Baltic’s Sea Freight Index Enters Second Straight Month Of Declines

The Baltic Exchange’s main sea freight index edged lower on Monday, marking its second straight month of declines, as rates fell for the Capesize vessel segment, reports Yahoo Finance.

Highlights

* The Baltic dry index, which tracks rates for Capesize, Panamax, and supramax vessels, was down by 3 points, or 0.2%, at 1,227, snapping a nine-session rally. The index lost 4.4% this month.

* The Capesize index dropped 11 points, or 0.7%, to 1,522. It declined by 18.8% in November.

* Average daily...

https://mfame.guru/baltics-sea-freight-index-enters-second-straight-month-of-declines/

Weekly Bulk Report – Week 6, 2020

The Baltic Briefing has released a report about the dry bulk market of the 6th week of shipping activities of this year. The report dated 7th February highlights the plight of the dry bulk market at the on-sight of the 6th week.

Capesize
  • The Capesize market endured another dreadful week of calamitous rate level falls, as the usual season-low Q1 period combined with recent global events to stifle demand.
  • Brazil iron ore flows, hit by recent poor weather, have left the spot cargo market barren.
  • App...

http://mfame.guru/weekly-bulk-report-week-6-2020/

Marubeni, Klaveness to create Panamax-type bulker pool

Marubeni Corporation along with the Norwegian ship owner Klaveness, agreed to establish a new pool management company named “Maruklav Management Inc”. Specifically, both sides will run a global fleet of Panamax-size bulk carriers, scheduled to start operations on 1st of April 2020.

Considered as one of the world’s largest Panamax-type bulker pool, Maruklav Management Inc. will be led by Michael Jørgensen as the company MD, with Masashi Kobayashi from Marubeni as Deputy MD.

The consolidation of...

https://safety4sea.com/marubeni-klaveness-to-create-panamax-type-bulker-pool/

Do you know how to distinguish an Aframax from a Panamax vessel?

panamax tankers

There are several variations related to ships sailing on high seas. Panamax vessels, Aframax vessels, and Suezmax vessels are some of the most prevalent types. But what do they mean and what kind of ships do they represent? Well, the answer is relatively easy, and it lies on the area that each ship caters.

Read in this series

https://safety4sea.com/cm-do-you-know-how-to-distinguish-an-aframax-from-a-panamax-vessel/

Panama Canal Authority increases maximum draft for Neopanamax vessels

The Panama Canal Authority announced on July 25 the increase to the maximum authorised draft for Neopanamax vessels sailing through the Panama Canal, due to recent rainfall that impacted the area.

Specifically, recent rainfall in the Canal watershed has allowed the Panama Canal Authority (ACP) to increase to the maximum authorized draft for vessels transiting the Neopanamax locks.

Effective immediately, and until further notice, the maximum authorized draft allowed for vessels transiting the...

https://safety4sea.com/panama-canal-authority-increases-maximum-draft-for-neopanamax-vessels/

Chinese restriction on coal imports affects demand on Panamaxes

China decided to restrict its coal imports in 2019 in less than 2018’s levels. Drewry supports that this decision will dent demand for Panamaxes, but an ongoing tussle with Australia could be the silver lining.

Specifically, the Chinese government aims to curb the coal imports by 3-4% in 2019. This could result to a decline of approximately 10 million tonnes.

Indonesia, Australia, Russia and Mongolia are the most important coal suppliers, which together accounted for more than 95% of imports in...

https://safety4sea.com/chinese-restriction-on-coal-imports-affects-demand-on-panamaxes/

Expanded Panama Canal achieves 1.000 operation days

The expanded Panama Canal met on March 22, 1.000 days of operation, exceeding expectations and redefining global trade routes. From the first days of its operations in 2016, the waterway saw an increase in cargo tonnage, as a result of the transfer of new segments and new line services that have been redirected by the route through Panama, capitalizing on the reduction of time and costs that it offers the inter-oceanic route.

As Jorge L. Quijano, the Panama Canal Administrator commented during...

https://safety4sea.com/expanded-panama-canal-achieves-1-000-operation-days/

China’s import limitations on coal decreases demand on Panamaxes

The Chinese government’s aim of suppressing coal and lignite imports in November and December 2018 is adversely affecting demand for Panamaxes and as a result, rates. Yet, according to Drewry, imports will be supported by winter and high-energy demand in the first quarter of 2019.

Namely, the Chinese government is allowing only limited imports in the fourth quarter of 2018, so that total coal imports in the year do not surpass those of 2017. Approximately 42 million tonnes of coal and lignite...

https://safety4sea.com/chinas-import-limitations-on-coal-decreases-demand-on-panamaxes/

Infographic: Top 5 promising investments by ship type

In its latest shipping forecast, Vesselsvalue noted that value investors still have plenty of opportunities to acquire prime aged assets at a significant discount to their expected future market value. Tankers offer the most promising investment overall, as most large crude tankers still have significant upside remaining based on an analysis of expected market trends over the next several years.

However, opportunities abound in other vessel classes as well:

  • Handysize bulkers – Lagging other...

https://safety4sea.com/infographic-top-5-promising-investments-by-ship-type/