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Dry Bulk Freight Index2,667▼ -4.8%Dirty Tanker Index7,727▼ -0.0%Capesize3,630▼ -9.1%Clean Tanker Index2,522▲ +0.0%Panamax2,409▼ -0.9%Supramax1,845▲ +0.7%Handysize1,003▲ +0.3%Dry Bulk Freight Index2,667▼ -4.8%Dirty Tanker Index7,727▼ -0.0%Capesize3,630▼ -9.1%Clean Tanker Index2,522▲ +0.0%Panamax2,409▼ -0.9%Supramax1,845▲ +0.7%Handysize1,003▲ +0.3%Dry Bulk Freight Index2,667▼ -4.8%Dirty Tanker Index7,727▼ -0.0%Capesize3,630▼ -9.1%Clean Tanker Index2,522▲ +0.0%Panamax2,409▼ -0.9%Supramax1,845▲ +0.7%Handysize1,003▲ +0.3%Dry Bulk Freight Index2,667▼ -4.8%Dirty Tanker Index7,727▼ -0.0%Capesize3,630▼ -9.1%Clean Tanker Index2,522▲ +0.0%Panamax2,409▼ -0.9%Supramax1,845▲ +0.7%Handysize1,003▲ +0.3%Dry Bulk Freight Index2,667▼ -4.8%Dirty Tanker Index7,727▼ -0.0%Capesize3,630▼ -9.1%Clean Tanker Index2,522▲ +0.0%Panamax2,409▼ -0.9%Supramax1,845▲ +0.7%Handysize1,003▲ +0.3%Dry Bulk Freight Index2,667▼ -4.8%Dirty Tanker Index7,727▼ -0.0%Capesize3,630▼ -9.1%Clean Tanker Index2,522▲ +0.0%Panamax2,409▼ -0.9%Supramax1,845▲ +0.7%Handysize1,003▲ +0.3%
All terms

Panamax

A ship sized to the dimensional limits of the original Panama Canal locks; in dry bulk, the class just below Kamsarmax.

Deadweight (bulkers)
65,000 to 80,000 DWT
Beam limit (original locks)
about 32.3 m
Canal expansion
2016
Dictionary entry
Panamax
Last reviewed

How it works

Panamax originally meant the largest vessel that could transit the original Panama Canal locks, constrained above all by beam. In dry bulk it refers to the carrier class just below Kamsarmax. The canal expansion created a larger "Neopanamax" envelope.

The class is a workhorse of the grain, coal and minor-bulk trades and a key benchmark in dry-bulk freight indices alongside Capesize and Supramax.

Where it shows up on The Maritime

Also known as: neopanamax, panamax bulker.

The short dictionary definition is at Dictionary entry: Panamax. This page is the explainer.

Related terms

More vessel size and tonnage terms

A plain-English reference definition: our own explanation of a standard shipping concept, not a licensed source or legal advice. See the full glossary or the broader maritime dictionary.

Last reviewed: .