Capesize freight rates slip on limited activity after upswing

摘要

Activity in the Asia-Pacific andAtlantic Capesize markets was relativelylimited Wednesday relative to the flurry offixtures witnessed the previous day, withfreight rates in the Asia-Pacific region failingto maintain their positive momentum, andedging lower Wednesday.A shipbroker source ascribed the softerrates to a weakening freight derivativesmarket, indicating that market sentiment wastaking a cue from its downward movement.