The Maritime
Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%
Freight & charter · Dry bulk

Panamax

Grains, coal and the minor bulks

2,246
points · 26 Aug 2026
All freight indices

Current level

2,246+80 pts

26 Aug 2026

What this index measures — Daily freight index for Panamax dry-bulk carriers (~65,000–90,000 dwt) — grains, coal, and minor bulks across the Atlantic and Pacific basins.

Average TC earnings

$20k/day

+717 $/day

Month over month

+12.4%

Year to date

-1.6%

Year over year

—

5-year

—

Realised TCE · reconstructed monthly

Panamax — realised time-charter earnings

Q2 2021 – Q2 2026

Real quarterly $/day from listed shipowners’ own earnings filings (the marked anchors), with a monthly path reconstructed between them from licence-clean freight, activity and commodity indicators. The reconstruction averages back to each real quarter exactly; the shaded band is its interpolation uncertainty. A model estimate, not a market index — independent of any licensed benchmark.

Anchors: realised TCE disclosed in public shipowners’ SEC filings (facts, cross-owner median per quarter). Monthly path: Chow-Lin reconstruction from licence-clean indicators — a model estimate, not a licensed index.

Daily index level · 2026-06-12 – 2026-08-26

Panamax — history

The full daily history of this index, straight from the feed — one point per publishing day, no interpolation. Non-publishing days simply have no point.

window low 1,988window high 2,312observations 51

Reported fixtures

Latest Panamax fixtures

View all
  • 75k '17-built$17,500/day24 Aug
  • 74,632 dwt '13-built$16,000/day24 Aug
  • Pabal$17,500/day· Oldendorff7 Aug
  • Star Calypso$19,400/day· Cnr7 Aug
  • Alani$19,000/day· Pacific Basin7 Aug
  • Lacerta$35,000/day7 Aug
  • Etron$16,500/day· Acubens7 Aug
  • Ikan Belanak$21,000/day· Oldendorff7 Aug
  • Omicron Eagle$16,750/day· Cargill7 Aug
  • Broad Rise$20,000/day· Cnr7 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). The Maritime republishes this licensed daily index under our own generic name; we never reproduce the licensor's brand or letter-code.