Atlantic and APAC Capesize freight rates drift higher

摘要

Capesize freight rates moved up across most of the Asia-Pacific and Atlantic routes as the market sentiment continued to hold firm Wednesday. "It's still rather quiet out there. There's not a lot happening, but owners are starting to show a higher level of resistance, especially on [the Western Australia-to- Qingdao route]," a Singapore-based source with a shipbrokering firm said.