Shanghai Shipping Exchange: Performance of small and medium-sized vessels market is weak, and the dry bulk charter index continues to decline.

According to the Shanghai Shipping Exchange, this week, the trends of daily rental rates for various ship types in the international dry bulk shipping market have diverged. Only Capesize ships saw an increase in daily rental rates compared to the previous period, while Panamax and Supramax ships experienced varying degrees of decline. The Far East dry bulk freight index continued its downward trend. Looking at different ship types, from last weekend to the beginning of this week, Capesize ships saw a temporary rebound in demand for iron ore transportation, leading to stable and rising corresponding route rates, but rates fell back into a downward trend in the latter half of the week. The Panamax ship market had fewer coal and grain cargoes, exacerbating the oversupply of shipping capacity, and daily rental rates were under pressure. The Supramax ship market had slightly looser supply, leading to a slight decrease in daily rental rates. On June 25th, the Far East dry bulk freight index published by the Shanghai Shipping Exchange was 1848.15 points, a 2.4% decrease from the previous period.