Shanghai Shipping Exchange: This week, freight rates in the three major vessel-type markets were mixed, and the Far East rental index continued to pull back.

According to the Shanghai Shipping Exchange, this week, the freight rates of the three major ship types in the international dry bulk shipping market showed clear divergence. Capesize vessel rates fell significantly, and the Far East Dry Bulk Rent Index came under pressure and retreated. By ship type, the two-ocean markets for Capesize vessels cooled simultaneously. This week, cargo availability was insufficient, but there was an oversupply of available capacity in the market. Combined with the continued decline of FFA forward contracts, freight rates fell sharply. In the Panamax vessel market, coal cargoes continued to be released, grain transportation operated steadily, and immediately available capacity in the market was relatively tight. Coupled with support from high fuel prices, daily rents rose steadily. In the Supramax vessel market, demand for steel and nickel ore exports from the north was relatively strong, coal transportation from Indonesia to Southeast Asia was active, and immediately available capacity in the market was relatively tight, extending the rise in daily rents. On October 15, the Far East Dry Bulk Rent Index released by the Shanghai Shipping Exchange was 2,037.56 points, down 11.6% from the previous period.