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Panamax

Potentially Good News For Smaller Ships

A potential record US harvest could help buoy rates for small to mid-size ship rates.   What was a relatively mild and wet spring and summer has created conditions for what is setting up to be one of the nation’s biggest harvests.   The U.S. Department of Agriculture is projecting a total corn crop of 12.954bn bushels, […]

BDI Shows Labor Day Gains, But Capesize Rates Still Falling

The Baltic Exchange’s Baltic Dry Index (BDI) rose by 0.6% today, reaching its highest level since 8/24.  But, these gains have come on continued weakness in the Capesize sector where rates have fallen for eight consecutive days, losing an additional 2.1% this morning.  Rates on smaller vessels, especially panamax, have fared much better over recent […]