Capesize freight rates move higher as bunker prices firm

摘要

While activity in the Asia Pacificand Atlantic Capesize markets continued to berather lackluster, freight rates moved up acrossall of Asia Pacific routes Thursday.“I think there’s more resistance in themarket today,” a Singapore-based analyst said,adding that fixtures were heard being done athigher rates in the Atlantic. “So that, coupledwith the fact that we’re in the last week ofSeptember, I think some are looking to try andbridge the gap between the physical and papermarket rates,” the source said.