Use of Panamax tankers ready to surge

Prospects in the spot trade for an often overlooked segment of the tanker market-Panamax tankers-are looking up.This was the verdict of a study released earlier this spring by Poten & Partners Inc., New York, for the 60-80,000 dwt category that makes much of its living carrying petroleum products from producers to markets. The company is an oil tanker and liquefied gas carrier broker and consultant.So far this year, said the study, Panamax spot market "fixtures" (vessels) are up to about 700 compared with slightly more than 560 a year earlier, a nearly 25% rise. Click here to enlarge imageAnd rising concern over the age profile of the Panamax fleet could result in a two-tier market with ...

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