The shipping industry is experiencing significant fluctuations, with notable movements in both container and dry bulk shipping rates. The Capesize index saw a substantial increase to 29,690 (+2,195), with October Capes trading above 31,500. Container and dry bulk shipping stocks are outperforming tanker shares. However, global container shipping rates have continued their two-month decline, with the Drewry composite index falling 7% this week to $3,690 per 40ft container, marking a 37% drop since July. The Shanghai Containerized Freight Index fell by 9.7% to 2,135.08, and the China Containerized Freight Index dropped by 6% to 1,638.42. Spot rates for linehaul have decreased by 8% since July, now at $1.64 per mile, with contract rates at $2.20 per mile, nearing a four-year low. Transatlantic Capes saw a significant rise, up 29% to $29k/d.