The BDI index is up. All ship price indices are higher.

SMM: August 6 news, the Baltic Trade Maritime Exchange dry bulk freight index rose on Thursday, as all ship types were higher.

The Baltic overall dry bulk index rose 25 points, or 1.7%, to 1500.

The capesize index rose 6 points or 0.2% to 2464 points.

The average daily profit of capesize ships rose $51 to $20434. The usual carrying capacity of this type of ship is 17-180000 tons, carrying iron ore and coal and so on.

Although the spot freight index has fallen in recent weeks, the market remains strong, Jefferies said in a report. We expect the dry bulk market to be much stronger in the second half of 2020 than in the first half as China's economy continues to recover.

Iron ore futures jumped on Thursday, iron ore contracts rose to a 2020 high, Singapore iron ore futures rose for eight consecutive days, and signs of improvement in domestic downstream steel demand increased, supporting prices.

The Panamanian shipping index rose 84 points, or 6%, to 1494, its highest level since July 17th.

Average daily profit for Panamanian ships rose $755 to $13448. The usual carrying capacity of this type of ship is 60-70,000 tons, and the cargo is usually coal or grain.

The index of super-convenient ships rose 3 points to 847.

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