With the eastward shift of Asia Pacific to the global shipping center, the Far East has become more prominent in the global dry bulk trade. In order to better meet the needs of shipping business development in the Far East, the Shanghai Shipping Exchange imported dry bulk freight index On the basis of further research and development of the Far East Dry Bulk Index (referred to as FDI, the same below), on November 28, 2017 officially released.

1.The Route, Vessel Type and Freight type
The FDI includes one composite index, five cargo component indices (i.e. FDI VC index, FDI TCT index and Capesize/Panamax/Supramax TCT index) and 20 route indices (i.e. 7 TCT hire rate index and 13 VC freight rate index.
Routes: Typical import and export routes within the Far East are included.
Vessel type: Capesize, Panamax, Supramax
Cargo type: Iron ore, coal, grain, nickel ore, steel and etc.
Form of index: FDI publishes in a combined form of voyage charter - VC (U.S. $/ton) and time charter on trip basis TCT (U.S. $/day), and it includes the rates of daily charter rate on 7 TCT routes and freight on 13 VC routes. The daily rate for 7 TCT routes will be released in "USD/day" and 13 VC routes will be published in "USD/ton".
7 TCT route:
Capesize: China-Japan/Pacific Round Voyage, 180000DWT
Panamax:China-Japan/Pacific Round Voyage, 82000DWT
South China via Indonesia /South Korea, 76000DWT
Supramax: South China /Indonesia Round Voyage, 57000DWT
Singapore via Indonesia/South China, 57000DWT
Bohai Bay(China)/Southeast Asia, 57000DWT
East coast of India/North China, 57000DWT
13 VC route:
Capesize:Dampier(West Australia)—Qingdao(China), 170000 MT
Tubarao(Brazil)—Qingdao(China), 170000 MT
Saldanha(South Africa)—Qingdao(China), 170000 MT
Newcastle(Australia)—Zhoushan(China), 130000 MT
Panamax: Hay Point(Australia)—Zhoushan(China), 85000 MT
Samarinda(Indonesia)—Guangzhou(China), 70000 MT
Geraldton(Australia )—Qingdao(China), 60000 MT
Santos(Brazil)—North China, 66000 MT
Tacoma(West America)—North China, 63000 MT
Mississippi(US Gulf)—North China(pass COGH), 66000 MT
Supramax: Taboneo(Indonesia)—Guangzhou(China), 50000 MT
Surigao(Philippines)—Rizhao(China), 50000 MT
Taboneo(Indonesia)—Nantong(China), 45000 MT

2.Panelists and Information Source
The source rates to generate FDI are collected from members of FDI panel who are composed by shipowners, brokers and shippers / traders. All members have a good reputation in worldwide range, good credit and excellent performance in its particular area. They are (In alphabetical order): Augustus Maritime Co., Limited, Baoshan Iron & Steel Co., Baosteel Resources International Company Limited, BEIJING AU-SEA SHIPPING CONSULTING CO., LTD., Beijing Shourong Shipping Development Co., Ltd., CCS Supply Chain Management Co., Ltd., China Agri Oils Trading Limited, Cosco Shipping Bulk Co.,Ltd., Dongguan Haichang Shipping Co.,Ltd., EGPN BULK CARRIER CO., LTD, EVEREST SHIPPING PTE LTD, Fearnleys Shanghai Shipbroking Co.,Ltd., Fujian Guohang Ocean Shipping (Group) Co.,Ltd., FUJIAN SHIPPING COMPANY, Guangdong Shipping Co.,Ltd.,Hebei Ocean Shipping (Group) Co.,Ltd., Huaya Shipping Co.,Ltd., ITG SHIPPING (H.K.) CO., LTD., Joint Fortune Shipping(hk) Limited, Ningbo Marine Co.,Ltd., Ocean Robin Shipping Holding Ltd., Oldendorff Carriers Shanghai Office, Pacific Bulk Enterprises Company Limited, SEACON SHIPPING GROUP LIMITED, Shandong Shipping Corporation, Shanghai Leading Energy Shipping Co., Ltd., SHANGHAI MING WAH SHIPPING CO.,LTD. ., Shanghai Seamaster Shipbroking Co.,Ltd., Shanghai Time Shipping Co.,Ltd., Shanghai Zhongshen Industry Co.,Ltd., Shenzhen Oceanus Group, Sinosteel Shipping & Forwarding Co.,Ltd., Vertical Horizon Shipping S Pte Ltd.

3.Index publication
The composite index and component indices are published at 17:00(Beijing Time) on every date of issue. Users can conveniently have the latest FDI information by logging on SSE website. The date of issue will be every working day in principle. However, shall there be any adjustment due to special reason such as statutory holidays or etc., a formal notice will be posted in advance by SSE. In some special cases, SSE may postpone or cease the release of FDI when in necessary or reasonable case.