Tag: panamax vessels

The Baltic Exchange announced it will be implementing previously announced changes to the Baltic Dry Index. Starting from 1st March, the BDI will be re-weighted to the following ratios of timecharter assessments: 40% Capesize, 30% Panamax and 30% Supramax and will no longer include the Handysize timecharter average.

The vessels are expected to be delivered to the buyer at the latest by March 30, 2018. The purchaser of the vessels is the same party with which the company entered into a previous agreement, for the sell of up to seven vessels, subject to the purchaser arranging financing.

Knowing which trade routes are growing in demand and which are shrinking is key for optimising which sectors ship owners should specialise in, says VesselsValue.

BIMCO states that demolition of containerships has almost tripled in the first five months of 2016 in comparison to the same period of 2015. This illustrates the efforts carried out by shipowners to counter the fundamental imbalance between supply and demand under poor container shipping market conditions. However, more needs to be done to lift the charter market.

The recovery in the advanced economies continues to strengthen as fiscal consolidation is slowing down and investors are less worried about the debt situation

Greek shipowner W Marine Inc. has ordered a series of post-Panamax bulk carriers based on the Green Dolphin 84S design

NYK took delivery of a new pure car carrier, Aries Leader, which was built by Shin Kurushima Dockyard at its Onishi Shipyard in Ehime prefecture. This vessel is the very first post-Panamax car carrier in Japan.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it took delivery of the newly built m/v "Atalandi", an Ice Class Panamax dry bulk vessel of 77,529 dwt that was contracted in March 2012.

Mitsui O.S.K. Lines announced the delivery of the Akatsuki, the first 104,000 DWT class Post-Panamax coal carrier, which was jointly developed with Sanoyas Shipbuilding Corporation and built at the Sanoyas Shipbuilding Mizushima Shipyard

Wallenius Lines has declared an option for two additional Post Panamax vessels to be built at Tianjin Xingang Shipyard in China for delivery in Q2 and Q4 2016.