Panamax dwt demand remains largely unchanged compared with last month's figures. Demand in 2007 remains unchanged at 7.5m dwt, while y-o-y growth in 2008 has been revised slightly downward to 0.8%. No newbuild contracts were placed in January, but despite this relative lack of activity newbuild prices firmed to $64m. In the secondhand market however, an upswing in interest was seen; with three sales reported. The increased activity saw 5-yo vessel prices firm to $62m, although 15-yo vessel prices remained steady at $17m.
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