Latest Panamax Stories

PIRAEUS, Greece, May 2, 2013 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or "the Company") today announced that the Company entered into a five-year time charter contract with 60% profit sharing for its 2002-built panamax vessel, the Newlead Victoria. The five-year time charter of the Newlead Victoria is expected to commence in June 2013. The escalating net daily charter-out rate will be: $11,700 until December 29, 2014 $12,723.75 until December 29, 2015...

North America's Port Cities Prepare for the First Post-Panamax Decade SEATTLE, April 8, 2013 /PRNewswire-USNewswire/ -- Colliers International released its third North American Port Analysis report which examines evolving trade patterns resulting from the upcoming Panama Canal expansion in 2015. The report's theme, "CapEx or Capsize," underscores the idea that cities need to spend the capital to upgrade their ports, or risk "capsizing" their economies. Report author, KC Conway,...

JIANGYIN, China, Oct. 5, 2012 /PRNewswire/ - The Rt. Hon. Paul E. Martin, CSL International's (CSL) first of three new Trillium Class self-unloading Panamax vessels set sail today on her maiden voyage from Chengxi Shipyard in Jiangyin, China to Port McNeill, British Columbia. The new vessel will be deployed for service immediately upon arrival, loading her first aggregate cargo for discharge in the San Francisco area. "The delivery of the Rt. Hon. Paul E. Martin represents an...

Panama Canal Expansion Means Higher Volumes, Larger Vessels, New Trading Patterns SEATTLE, Aug. 13, 2012 /PRNewswire-USNewswire/ -- As the completion of the Panama Canal expansion nears, a number of concerns have surfaced regarding the ability of U.S. ports to keep up with the more aggressive port infrastructure progress witnessed overseas. Colliers International released its North American Port Analysis Report, which highlights the rapid growth of intermodalism - the study of...

WASHINGTON, June 21, 2012 /PRNewswire-USNewswire/ -- The U.S. Army Corps of Engineers (USACE) submitted to Congress Wednesday the "U.S. Port and Inland Waterways Modernization: Preparing for Post-Panamax Vessels" report, an examination of options for future modernization of U.S. ports and inland waterways. The report has been released to the public today at http://www.iwr.usace.army.mil/portandwaterways/. The USACE Institute for Water Resources (IWR) in Alexandria, Va., was...

Expansion of one of the world's most important shipping routes brings with it a unique opportunity to reduce the carbon footprint of the marine industry, experts claim. Expanded sections of the Panama Canal are due to open in 2014 following an eight-year program to widen and deepen the waterway in order to increase capacity for liner shipping. This will remove the breadth restriction of 32.2m (known as 'panamax' in the shipping industry) that has constrained ships using the canal since...

NEW YORK, Nov. 14, 2011 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has taken delivery of the Genco Spirit, a 34,432 dwt Handysize newbuilding. The Genco Spirit is the final vessel to be delivered to the Company under Genco's agreement previously announced on June 9, 2010 to acquire five Handysize vessels from companies within the Metrostar group of companies. The Genco Spirit was delivered to its charterer, Cargill International S.A., to...

NEW YORK, Sept. 1, 2011 /PRNewswire/ -- General Maritime Corporation (NYSE: GMR) announced today that the Company's Chief Financial Officer, Jeffrey D. Pribor, is scheduled to present at the Jefferies 2011 Global Shipping Conference in New York on Wednesday, September 7, 2011 at 10:30 a.m. ET. The presentation will be broadcast live over the Internet and can be accessed at http://www.wsw.com/webcast/jeff63/gmr/. In addition, the accompanying slide presentation and webcast will be available...

NEW YORK, Aug. 31, 2011 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) today announced that the Company's Chief Financial Officer, John C. Wobensmith, is scheduled to present at the Jefferies 2011 Global Shipping Conference in New York on Wednesday, September 7, 2011 at 11:30 a.m. ET. The presentation will be broadcast live over the Internet and can be accessed at http://www.wsw.com/webcast/jeff63/gnkbalt/. In addition, the accompanying slide presentation and webcast will...

NEW YORK, July 20, 2011 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has taken delivery of the Genco Mare, a 35,000 dwt Handysize newbuilding. The Genco Mare is the fourth of five vessels to be delivered to the Company under Genco's agreement previously announced on June 9, 2010 to acquire five Handysize vessels from companies within the Metrostar group of companies. The Genco Mare is expected to be delivered to its charterer, Cargill...