# The Panamax market burst into life  — Breakwave Advisors

> The Panamax dry bulk market rallied sharply in early July, with the Baltic P6 index rising 21.3% week-on-week to $16,909 per day. The move was driven by a sudden tightening of tonnage in East Coast South America, which is typically quiet in early July.

- Date: 2025-07-14 · published 2025-07-14T12:00:00.000Z
- Category: logistics · region South America · magnitude medium
- Page: https://feedsoft.ai/events/23967-the-panamax-market-burst-into-life-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A sharp tightening of Panamax tonnage out of South America raises the cost of moving Brazilian and Argentine soybeans and corn to Asia, which can lift ocean grain freight and widen FOB-CIF spreads for feed grain buyers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2025/7/14/the-panamax-market-burst-into-life

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