Panamax
Grains, coal and the minor bulks
Current level
15 Oct 2026
What this index measures: Daily freight index for Panamax dry-bulk carriers (~65,000 to 90,000 dwt): grains, coal, and minor bulks across the Atlantic and Pacific basins.
Average TC earnings
$21k/day
−480 $/day
Month over month
−0.3%
Since Jun 2026
+3.2%
Year over year
·
Not enough history
5-year
·
Not enough history
Panamax: realised time-charter earnings
Realised quarterly earnings (dots) with a monthly estimate between them; the shaded band is the typical range. The monthly line averages back to each realised quarter, so it fills the path between them without contradicting them. An estimate, not a market index.
Dots: realised time-charter equivalent, the median across owners each quarter. Line: monthly estimate between realised quarters; band: typical range.
Daily index level · 12 Jun 2026 to 15 Oct 2026
Panamax: history
The daily level of this index, one point per publishing day. Non-publishing days simply have no point.
Reported fixtures
Latest Panamax fixtures
- Saita I$23,750/day· LSSKohsichangIndia9 Oct
- Ad Astra$21,000/day· ClassicKimitsuSingapore9 Oct
- Green K-Max 1$22,000/day· Oldendorff11 Sept
- Rio Hamburg$34,650/day· ClassicAbidjanChina11 Sept
- Apollon$32,750/day· CefetraEC South AmericaSkaw-Spain11 Sept
- Da Yu$26,000/day· MOLTanjung BinJapan11 Sept
- Scarlet Rosella$23,250/day· JSSSCMachongSouth China11 Sept
- Gallia Graeca II$23,500/day· NordenRizhaoSouth Korea11 Sept
- Ever Best$20,000/day· MarubeniKimitsuSingapore-Japan28 Aug
- coal$16,000/day24 Aug
How this index is computed
Daily $/day time-charter equivalent across the standard panamax route basket, averaged from reported charter fixtures and converted to a single index point. Published each business day; non-publishing days simply have no point (weekends and holidays legitimately lag).