Singapore—The Capesize freight market got off to a slow start June 1 as activity was muted amid holidays at various locations. The freight rates in physical market saw small gains amid a thriving bunker market. The forward freight agreement market had a firm opening, which helped support market sentiment. Most market players were observed in a collective mode June 1, with limited trading activities seen concluded during the Asian trading hours. “Most are trying to look where will go and how to move this week,” a shipbroker advised.
展开▼
