Panamaxes may well be the best performing bulker class at the moment with nearly two straight weeks of consecutive improvements having swiftly pushed their spot market rates into profitable earnings range. Owners are still weary of rates reversing at the drop of a hat, but for the time being momentum seems to be very much on their side. Front haul freights on 82,000 dwt vessels are already in the US$ 22,000s. (For news & updates on dry bulk shipbroking, subscribe to the BMTI Daily Report.)