Brazil corn export season to boost Panamax Fleet Usage

The Summer corn harvest in Brazil is progressing at a rate of +9% WoW, reaching 20% of completion.

Brazil Corn Export June 2023 boosts Panamax Fleet Usage

As a result exports have started to take-off and the number of Panamax & Kamsarmax on ballast to East Coast South America has more than doubled MoM. With a record harvest in sight, corn shipments from Brazil should have a significant contribution to the Panamax fleet usage in the coming months!

If you would like to get more information on this topic and the impact on the freight market, please reach out to us on: [email protected].