Meanings of smaller panamax in English

Rates in the smaller panamax market will climb next week after increasing to their highest level since the end of March, broker said.

Freight rates for smaller panamax and supramax ships in Asia will also remain strong with high levels of fixture activity lending support, brokers added.

The smaller panamax market has remained strong even though Chinese charterers have been absent due to the week-long National Day holiday, ship brokers said.