DRY BULK QUARTERLY: Tonnage oversupply, tepid demand stall Atlantic Panamax market

The Platts KMAX 9 Index, which tracks the earnings of Kamsarmax class bulk carriers, collapsed to below previous years’ levels in the third quarter, driven by the perpetually overtonnaged Atlantic basin and a summer-induced slump in demand for dry bulk commodities. This occurred despite a resilient Atlantic Panamax market in Q2, with earnings remaining above last year’s levels, and market…The Platts KMAX 9 Index, which tracks the earnings of Kamsarmax class bulk carriers, collapsed to below previous years’ levels in the third quarter, driven by the perpetually overtonnaged Atlantic basin and a summer-induced slump in demand for dry bulk commodities. This occurred despite a resilient Atlantic Panamax market in Q2, with earnings remaining above last year’s levels, and market…Read More