Pacific Capesize market pushes up slightly, Atlantic passive

摘要

Singapore—The Capesize market in the Pacific pushed up slightly on Thursday, while the Atlantic side was muted during Asian trading hours amid standoff between owners and charterers. On the back of the booming bunker price and positive cues from a firm FFA market, owners held up offers. “[These] overnight Brazil fixtures are helping [support the freight market]. At least owners have option now to go west rather than keep staying in the Pacific,” a Capesize ship-owning source said.