Capesize market sees mid-week corrections, sentiment cools on physical side

摘要

Singapore—The Capesize market saw some corrections mid-week after a busy Tuesday night. Market sentiment cooled on the physical side with freight rates reported lower than last done levels. Meanwhile, the forward freight agreement, or FFA, market was weakening. “The Capesize market was overheated and I expect the Pacific market would cool down a bit,” a shipbroker said.