The Panamax market: A supply-side story

After Pacific market strength that has exceeded seasonal norms, Panamax earnings are set to rebalance as a rise in ships discharging in China boosts supply in the Pacific, and strength in Capesize and Supramax earnings offers upside potential for the Atlantic. The Panamax Atlantic round-voyage rate has been at a discount of at least $1,500/day …

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