Capesize freight rates stabilizing after last week's decline

摘要

The Asia Pacific and AtlanticCapesize routes started the week on a quietnote, as market participants indicated therewas a dearth of trades witnessed Monday."There's nothing much happening, themarket came off quite a bit last week, andpeople are collecting and reorganizingthemselves today" a Singapore-basedsource with a shipbroker said. Whilethere was a lack of activity, some marketparticipants believed the market wouldstabilize around these levels.