Tag: Panamax
LNG-fueled Panamax Coal Carrier Reimei Commences Operation
Mitsui O.S.K. Lines, Ltd. (MOL) and Kyushu Electric Power Co., Inc. (Kyuden) today announced a Panamax coal carrier that uses low environmental impact LNG as its main fuel was delivered and started operation on November 14. In a naming and delivery ceremony held at the Imari Shipyard and Works of Namura Shipbuilding Co., Ltd. (President:…
Monthly tonnes of grain from Brazil to China with Panamax vessel class surpassed volumes of the previous years
The last week of October witnessed a downward trend in the Capesize freight market momentum, while the smaller vessel segments experienced a relative flat momentum. Meanwhile, the grain flows from Brazil to China with the Panamax vessel class recorded a significant surge in October that supported a firmer momentum for Panamax vessel freight rates (as…
World’s First LNG-fueled Panamax Commences Operation
The world’s first LNG-fueled Panamax-class1 coal carrier, which was being built by Nippon Yusen Kabushiki Kaisha (“NYK”) and Kyushu Electric Power Co., Inc. (“Kyuden”), was delivered on October 2. The vessel was named “Shoyo” in a naming ceremony held at the Koyagi Shipyard of Oshima Shipyard Co., Ltd., and began operations after completing the first…
Congestion at Brazilian ports for Panamax bulkers increases significantly from summer onwards
The second week of October brought both promising and concerning developments in the shipping industry. In the Capesize Brazil to North China route, freight rates continued to exhibit strength, reaffirming their resilience in the face of various market dynamics. However, amidst these encouraging signs, a significant shift has occurred in the number of ballasters since…
Dry Bulk Market: Mixed Performance for the Capesize and Panamax Markets
Capesize In the Pacific, the week began with promising involvements from all three majors, yet this enthusiasm did not translate into substantial market gains, yielding a relatively stagnant atmosphere. As the week unfolded, Pacific trading maintained a decent cargo volume, although the presence of surplus tonnage limited potential gains and led to a relatively stable…
