Panamax bulkers are benefiting from a resurgence in North American grain exports that are expected to continue in the coming months, according to brokers.
Grain shipments from the US Pacific Northwest have jumped 92% from a year ago as US-China relations improve after a two-year trade dispute that ended this January, according to Braemar ACM Shipbroking.
The boost in volume has been felt primarily in the panamax market, with a jump in the number of these ships loading in Washington, the shipbroker said in a report on dry bulk shipping.
