Page 182 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - ΜΑΙΟΣ 2023

ANALYSIS

Panamax
Panamax cargo miles have shown an overall increase of around 2% whereas the ballast
upward trend In the first quarter of 2023 from laden speeds were 11.84kts in January and 12kts
483.1 bn MT/NM in January to 521.2 bn MT/NM in March showing an increase of 1.3% With the
IN March, (around 8% increase) whereas supply overall cargo miles demand going up potentially
has gone from 2,618 vessels in January to 2,633 we will see both Laden and Ballast averages
in March an increase of around 0.5%. increase over the next quarter.
Average speeds have shown a upward trend The top 5 exporting countries in terms of tonnage
over the first quarter of 2023, with the aver- for the first quarter of 2023 were China (81.4m
age laden speed in January was around 10.95 MT), Indonesia (62.1m MT), Australia (44.1m MT),

kts and around 11.17kts in March showing an Brazil (42.7m MT) and USA (28.9m MT).
Panamax Demand
vs Supply

Supramax
Supramax cargo miles have shown an overall 1.2% whereas the ballast laden speeds were 11.76kts
upward trend In the first quarter of 2023 from in January and 12kts in March showing an increase
291.85 bn MT/NM in January to 322.3 bn MT/NM of 2% With the overall cargo miles demand going
in March (around 10% increase), whereas supply up potentially we will see both Laden and Ballast
has gone from 2,182 vessels in January to 2,189 in averages increase over the next quarter.
March, an increase of around 0.3%. The top 5 exporting countries in terms of tonnage
Average speeds have shown a upward trend over for the first quarter of 2023 were China (73.6m MT),
the first quarter of 2023, with the average laden Indonesia (42.3m MT), India (18.8m, USA (14.1m MT),
speed in January was around 11.12kts and around Russia (12.9m MT).
11.26kts in March showing an increase of around

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