Bao -if Bao has a long term purchase agreement ,could be looking for a Panamax to lease-less expensive that way-min lease period is usually 3-4 months and Panamax would run round trip from China to CWRN on a continual basis-theres enough inventory and production to do that. The holdup timewise in finding such an available Panamax would probably be in finding cargo in Asia to ship to west coast of North America on return voyage in order to cut cost ca in half.

The word is we 'll see a Panamax to pick up orders 3,4 and 5 on same ship. Will have to be a large Panamax since 60k tons paid for in Dec and since then have trucked 5th order. Panamax are 60-80k tons but a few thousand tons is reserved for weight of people ,fuel and ballast,so max Panamax can ship of actual cargo is probably 75k tons-has anybody asked Bob size of 5th order which was being trucked in March.