Top Five Panamax Bulker Trade Routes

Image Courtesy: VesselsValue

Due to the tendency of trade routes to change pushing demand somewhere else, VesselsValue has put together a report showing the current state of affairs at the top 5 Panamax Bulker trade routes based on the total ton miles moved.

Mainly a grains trade, especially soybeans, the volatile Panamax bulker trade has been dominated by vessels moving cargos from Brazil to China. However, this route has been on a downtrend from a peak during the last quarter of 2015, according to VesselsValue.

The main soybean export competitor to Brazil is the USA. This route peaked in 2014 to 2015 when the US had better than normal harvest, which led to lower US export prices, and increased sales to China. Meanwhile, Brazil’s soybean crop that season developed slower due to weather incidents, and the US “poached” Brazil’s exports to China.

The fourth quarter of 2016 saw a continuation of the reduction of ton miles on the Brazil to China route, with increases on the Australia and USA to China routes.

The evolution of the top 5 trade routes for Panamax bulkers can be measured through the billons of ton miles, the laden distance travelled multiplied by the amount of cargo carried for every vessel in the fleet, moved from country to country over time, VesselsValue said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2018 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Posidonia 2018

Posidonia, the international shipping exhibition, has long been established as one of the major calendar events…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

THE 7TH EDITION OF NAVALIA, INTERNATIONAL SHIPBUILDING EXHIBITION 2018

The event wanted to be from the beginning a reference for the naval sector and to serve as a tool to attract investors and contracts for the industry…

read more >

BlueWeek2018

The BlueWeek2018 will be held on 28-29-30 May in Rotterdam, under the auspices of the Blue Forum…

read more >