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PANAMAX

   Also found in: Wikipedia 0.03 sec.
AcronymDefinition
PANAMAXPanama Canal Maximum (largest allowable ship dimension)


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Another 50,000-ton Panamax vessel was delayed for two months in southern China, running up an estimated demurrage charge of close to $2 million before it finally cleared grain inspectors.
In 2004, two Panamax tankers of about 75,000 dwt, in which the company has a 50 per cent share, were ordered.
The remaining six of the Company's combination carriers and two Panamax product tankers were employed on long-term time charters.
 
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