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News ID: 70725 |
Publish Date: 12:14 - 07 December 2016

Panamax rates surge to 34-month high

Spot rates for panamax bulkers rose to the highest level in nearly three years even as capesize vessels pulled down the Baltic Dry Index today.

src="/files/fa/news/es/Thumbnails/f5f68208-7b85-464d-a506-c15d086b60ce_260_199.jpg' class='img_convert' title='Panamax rates surge to 34-month high ' alt='Panamax rates surge to 34-month high '>
According to MANA,The Baltic Exchange's time-charter average for the sector ticked up by 1.4% Tuesday to reach nearly $12,500 per day, a rate not seen since 17 January 2014. The rate assessment represents a 6.7% gain compared to this time last week.
Supramax rates also reached a new high for the year, with the time-charter average inching upward to $9,770 per day. The Baltic Exchange has not recorded that level since August 2015, according to data from the London shipping marketplace.
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