According to the Shanghai Air Exchange, freight rates for the three major ship types in the international dry bulk transportation market fell more or less this week, and the Far East dry bulk rent index declined markedly. By ship type, freight rates in the Cape ship market fell sharply. Before the holiday season, there were few pallets and excess available capacity in the Pacific market. Combined with FFA forward contracts, the freight rate continued to fall under pressure; after the holiday, market pallets were OK, and freight rates stopped falling and rebounded slightly. Daily rents in the Panama-type ship market continue to rise, coal pallets are generally good, demand for food transportation is slightly supported, and daily rents continue to rise. Daily rents in the ultra-portable ship market fell first and then rose. Export steel and nickel ore pallets were running smoothly, coal pallets were slightly reduced before the holiday season, and daily rents fluctuated in a narrow range. On October 8, the Far East Dry Bulk Rent Index released by the Shanghai Shipping Exchange was 2303.98 points, down 10.2% from the previous period.

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