Atlantic, Pacific Capesize markets see limited trading activity

摘要

Singapore—The Capesize market was sluggish midweek with market participants staying on the sidelines and trading activity limited in both the Atlantic and Pacific basins. The freight rates were under pressure on the back of plunging bunker price and the bearish paper market. “There is stand-off in capesize market after a big drop yesterday. West Australian miners all monitoring the cyclone,” a shipbroker said.