Capesize trading mainly confined to Pacific

摘要

Singapore—The Pacific Capesize market witnessed a day of bustling trade, although freight rates inched down, while the Atlantic was muted amid a standoff between owners and charterers. “Today the Pacific market is super busy with over 10 fixtures I believe,” a ship-owning source said. Freight forward agreement rates had a drop at the start after a loss on March 10, but rebounded before Asia close.