Search results for: Panamax

4924 results

A list of search results

  • 17 February 2016
    Business & Finance

    Athens-based shipping company Diana Containerships has decided to sell its Panamax container vessel, the MV Hanjin Malta, to a third party  for demolition. The 1993-built vessel should be delivered to the buyer by the end of March 2016. Diana sold the 4,024 TEU ship for a price tag of some USD 5.04 million before commissions. Upon completion of the sale, […]

  • 12 November 2019
    Business & Finance

    In order to focus on the Panamax and Post-Panamax segment, Klaveness will shrink its activity in the Supramax business.

  • 26 May 2016

    The opening of the long-awaited Expanded Panama Canal will inflict a severe blow to the classic panamax market, i.e. the fleet of 4,000- 5,300 teu vessels, according to Alphaliner, as they are phased out of service and sent for scrap. This sector is already most affected by the general containership oversupply as classic panamax ships have […]

  • 1 February 2017

    Despite a massive scrapping spree of classic Panamax containerships, the sector remains under pressure as up to one hundred further Panamaxes will need to be scrapped before the segment can regain its footing again, according to Alphaliner. A total of 130 Panamax units of 4,000 – 5,100 TEU were removed from the fleet since 2009, including 44 […]

  • 16 July 2012

      After showing some strong gains in the first quarter the shipping industry has fallen sharply since then. The Guggenheim Shipping ETF (SEA) has fallen over 14 percent over the last three months, FiveStarEquities reports. The recent rally in Panamax shipping rates could be coming to an end as China begins to hoard record coal stocks. […]

  • 1 September 2015
    Business & Finance

    Manzanillo International Terminal-Panama (MIT) received four new ZPMC Super Post-Panamax gantry cranes (with 25 container rows on deck) on Friday August 28, 2015, as part of its USD 270 million expansion plan that will increase MIT’s handling capacity to 4 million TEU from the existent capacity of 2.5 million TEU. Upon commissioning, expected by October 2015, a […]

  • 1 September 2015
    Business & Finance

    Manzanillo International Terminal-Panama (MIT) received four new ZPMC Super Post-Panamax gantry cranes (with 25 container rows on deck) on Friday August 28, 2015, as part of its USD 270 million expansion plan that will increase MIT’s handling capacity to 4 million TEU from the existent capacity of 2.5 million TEU. Upon commissioning, expected by October 2015, a […]

  • 15 December 2017
    Business & Finance

    Navios Maritime Containers has taken delivery of four Panamax containerships.

  • 29 September 2015
    Business & Finance

    The Panama Canal expansion project will have an impact on the Panamax container ship fleet as over 100 of these vessels are expected to be displaced following the opening of the new locks, due in April 2016. However, the fleet is deployed widely across the liner network, so there are a number of factors to consider, according to London-based […]

  • 29 September 2015
    Business & Finance

    The Panama Canal expansion project will have an impact on the Panamax container ship fleet as over 100 of these vessels are expected to be displaced following the opening of the new locks, due in April 2016. However, the fleet is deployed widely across the liner network, so there are a number of factors to consider, according to London-based […]

  • 13 September 2017
    Business & Finance

    The fleet of classic Panamax containerships of 4,000-5,300 TEU dropped to 543 units, against its peak of 670 witnessed in 2013, according to Alphaliner. The obsolescence of the classic Panamax ships comes on the back of the opening of the new Panama locks in June 2016, which allowed much larger Neo-Panamax ships to transit between the […]

  • 18 July 2016
    Business & Finance

    More containership capacity is being demolished than ever before, including old-design ships made redundant by the new Panama Canal; however, the trend will not make a significant impact on the current capacity surplus unless owners also refrain from ordering many new vessels, according to shipping consultancy Drewry. Drewry’s Container Forecaster published in June found that, for the first time, 450,000 TEU of […]

  • 12 June 2018
    Business & Finance

    Navios Maritime Partners expanded its fleet with the 74,475 dwt Panamax vessel, the Navios Altair I.

  • 13 March 2018
    Business & Finance

    Navios Maritime Partners has reached an agreement to buy a secondhand Panamax vessel.

  • 16 April 2019
    Business & Finance

    Diana Shipping has signed an MoA to sell its 2004-built Panamax bulker vessel Erato to an unaffiliated third party.

  • 8 November 2019
    Business & Finance

    Including the 2005-built Clio, the company agreed to sell six Panamaxes so far this year.

  • 14 July 2017
    Business & Finance

    Athens-based dry bulk vessel owner Diana Shipping has entered into a time charter contract with Hudson Shipping Lines Incorporated for one of its Panamax dry bulk carriers, Alcyon. As informed, the gross charter rate is USD 8,800 per day for a period of minimum twelve to maximum fifteen months. The charter is expected to commence […]

  • 1 March 2017
    Business & Finance

    Japanese shipping company Nisshin Shipping has decided to offload four Panamax bulk carriers for a total of USD 60.8 million, according to data provided by VesselsValue. Built in 2013 by Japan’s shipbuilder Jiangsu New Yangzijiang, the vessels are being bought by Greek shipowner Star Bulk Carriers for a price of USD 15.2 million a piece. […]

  • 15 October 2014
    Business & Finance

    Extremely poor demand for second-hand Panamax ships of 4,000 TEU has brought asset prices to the floor for that ship type and size. According to vesselsvalue.com, second-hand prices are down by 26% to 38% since the beginning of the year. This can be compared to positive developments in prices for all ships of a larger […]

  • 30 May 2014
    Business & Finance, Equipment, Technology, Vessels

    The Panama Canal Authority (ACP) will charter a Post-Panamax vessel before the opening of the expanded Canal to be used for training purposes in the Third Set of Locks. The Executive Vice President of Operations Esteban Saenz said that the Panama Canal will charter a Post-Panamax ship to train pilots and tugboat captains that will assist in […]

  • 24 October 2016

    The ‘old Panamax’ sector seems to be slowly fading away, falling from 969 units in 2012 to 796 at the start of October, as the fleet is in a steady and perhaps terminal decline, according to Clarksons Research. Although plenty of ‘old Panamaxes’ are out there battling on, things are only going one way at the moment […]

  • 30 May 2014
    Business & Finance

    Before the offical opening of the Third Set of Locks, the Panama Canal Authority (ACP) will charter a Post-Panamax vessel to be used for training purposes in the Locks. The Executive Vice President of Operations Esteban Saenz reported that the Panama Canal will charter a Post-Panamax ship to train pilots and tugboat captains that will […]