Shanghai Shipping Exchange: Freight rates for all three major vessel types increase, with the Far East bulk cargo daily charter index rising further
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The Capesize vessel market is booming, with strong and sustained demand for iron ore shipping. Shipping capacity is continuously being consumed, resulting in tight available capacity in the market. Daily charter rates and freight rates are hitting new record highs. The Panamax vessel market is seeing considerable demand for coal and grain shipping, with daily charter rates remaining firm and continuing to rise.
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