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$DSX Physical demand has been strong along with the paper market, with demand coming in from the pacific, and helped by a underlying fundamental of strong demand for commodities from the start of 2021," said Rebecca Galanopoulos Jones, head of research at Alibra Shipping.bigshipper, published August 12, 2021
* "Congestion in Chinese ports, along with some weather concerns in the Pacific have also helped, but where we go from here is anyone's guess,"
* Congestion off China's top two container ports Shanghai and Ningbo is worsening following the shutdown of a container terminal in Ningbo where a COVID-19 case was detected this week.
* The panamax index advanced 34 points, or 1%, to its highest since June 22 at 3,550.
* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, increased by $309 to $31,949.
* Among smaller vessels, the supramax index rose about 30 points to 3,079, an all-time high as per Refinitiv Eikon data available since 2017 $SHIP $SB $CTRM