Shanghai Shipping Exchange: Capesize Vessel Freight Rates Hit Record High, Far East Dry Bulk Freight Index Rebounds
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In the capesize vessel market, freight rates have hit a new high, strongly supported by robust Australian iron ore shipments. In the panamax vessel Pacific market, some coal cargoes remain, keeping daily charter rates relatively stable, while grain freight rates saw a slight decline. The supramax vessel market showed lukewarm demand, with a marginal decrease in daily charter rates. On May 28, the Far East Dry Bulk Freight Index released by the Shanghai Shipping Exchange stood at 2,635.93 points, up 6.1% from the previous period.
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