Capesize market sees increased atlantic activity, softens in Pacific

摘要

Singapore—The Capesize market in the Pacific region softened Monday, while increased activity was reported in the Atlantic. "Last week, we've seen a few fixtures and we still have a few Brazilian cargoes today. I feel that Atlantic is more active recently," a shipbroker based in Singapore said. In other news, Vale released a report last Friday about a plan to accelerate the de-characterization of nine of its iron ore upstream dams. Most market participants considered the news to be a positive update that bodes well for the industry in the long term.