Brazil’s plentiful grain harvests and delays at the drought-stricken Panama Canal are putting lots of wind in the sails of the midsize bulker market, according to brokers.
The factors are boosting two grain routes in particular, London-based shipbroking house Braemar said on Thursday.
One voyage is the Baltic Exchange’s P2A-82 route, which sees panamaxes ballast from Europe to the US Gulf Coast before shipping grain through the Panama Canal to the Far East.
