Pacific and atlantic capesize markets see thin activity

摘要

Singapore—Activity was thin in the Capesize market during Asian trading hours Thursday in both the Pacific and Atlantic basins. Cargo volumes out of Australia and Brazil were decentn but failed to support the freight market. “The market is very slow and most market players are preparing for year- end holidays,” a Capesize shipowner source said. The seaborne iron ore market saw rates rising slightly, while the bunker price of low sulfur fuel oil kept gaining momentum due to steady demand and tight supply. ###