Capesize freight market sentiment turns softer to start the week

摘要

While it was a relatively quiet startto the week for the Capesize markets in theAsia-Pacific and Atlantic regions, freight ratesfor the Asia-Pacific routes fell on Monday.“It’s true, the market has been on a rollercoaster, but today at least, market sentimentis hurting,” a chartering source with a miningcompany said. Although the source said thatthe exact reason was unclear, he felt the weakerfreight rates were led by the fall in FFA rates.