Capesize freight markets quiet as week ends with rates slipping

摘要

While the Capesize markets ended the week on a quiet note, freight rates fell across all the Asia-Pacific and Atlantic routes Friday. There were still no fresh trades or fixtures, market sources said Friday. The situation was exacerbated by a fall in freight derivative rates and the absence of miners from the market. As a result of the damage caused by Cyclone Veronica to some of its operations in Western Australia, Anglo-Australian miner Rio Tinto declared force majeure on its iron ore shipments to some of its customers, a Rio Tinto spokesperson said Friday.