Panama Canal adapts to bulk shipping companies
NewsThe Panama Canal’s operational issues led some bulk shippers to choose alternative routes, with future decisions based on capacity and transit assurances.
Going against the grain
StandardAt the end of November, Panamax dry bulk rates were up more than 20 per cent from a year ago, mainly due to strong Asian demand to ship iron ore and grains. Demand for charters of panamax ships is also being driven by a shortage of capesize vessels to move iron ore and coal, which is having a “knock-on” effect on availability of transport for grain as panamax ships are diverted to the more lucrative coal and ore trades.
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