Pacific and Atlantic Capesize freight rates stabilize

摘要

Singapore—The Capesize markets in the Pacific and the Atlantic regions ended subdued Friday, with a stable freight level after a busy late Thursday. The Capesize freight forward agreement (FFA) segment was muted as well. The delivered bunker prices spread for the HSFO and the LSFO in Singapore stood at $250/mt, having reached its highest value on record. Market sentiment was mixed amid different expectations heard on the key Brazil-to- China route. "The overall view of the market is bearish. I still believe in oversupply of tonnage and Valemax return in Q4. What we saw in the last few days was a correction of last week and the best way to describe this market is rangebound," a Singapore-based shipbroker said.