Capesize freight markets participants stay on the sidelines

摘要

Singapore—Participants in the Capesize freight markets stayed on the sidelines July 6 amid healthy fresh shipping demand. “It’s pretty quiet [on physical market] today, only paper market keeps pushing up,” a Capesize ship-operating source said. The forward freight agreement market started on a firm note, which strengthened owners’ confidence. Crewing issue advised by the Australian Maritime Safety Authority continues to be a relevant swing factor of the tonnage supply in the Pacific. The bunker prices moved up, which also helped to support the freight rates.