Panamax Brazilian Port Congestion: Downward revision of the number of Panamax ships congested in Brazilian ports

In the first week of December, both the Capesize and Panamax freight markets experienced a remarkable upswing, reaching their highest levels of the past year. The larger vessel categories experienced an unexpected turnaround in sentiment and recorded a remarkable upswing. However, the smaller vessel categories are still struggling to develop stronger momentum, although there are …

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