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Dry cargo market report dated 26 March 2021

29 March 2021

Panamax: The Panamax 5 time-charter average yielded a loss of $1,326 on the week to publish on closing at $25,447, which is a realistic reflection of the corrective week the Panamax market has experienced following last week’s dramatic rises. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry Indices.

The impossible mission of improving operational efficiency year after year

23 March 2021

The International Maritime Organization (IMO) recently approved regulatory changes that will require ships to improve their CO2 emissions per transport work annually. In the best-case scenario, the new amendments may not be damaging to the industry’s efforts to reduce its carbon footprint. In the worst-case scenario, the ships’ CO2 emissions will rise, as more ships will be needed to obtain the required improvements.