# Dry Bulk: Atlantic Panamax market plummets as tonne-mile demand falls short | Sea and Job

> The Platts KMAX 9 Panamax index fell to 54% below prior-year levels in Q4 2024. Lower tonne-mile demand from reduced Red Sea rerouting and the absence of expected year-end cargo demand drove the decline. Strikes at US East and Gulf ports added congestion concerns.

- Date: 2025-01-13 · published 2025-01-13T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/16972-dry-bulk-atlantic-panamax-market-plummets-as-tonne-mile-demand-falls-short-sea
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weaker Panamax freight reduces the cost of shipping grain and meal from US and South American origins. Soft freight signals slack demand for bulk grain movements.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- seaandjob.com: https://www.seaandjob.com/dry-bulk-atlantic-panamax-market-plummets-as-tonne-mile-demand-falls-short/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.