The Asia-Pacific and AtlanticCapesize markets remained lackadaisical asindustry participants reported a dearth of freshcargoes and trades Wednesday.A Singapore-based source with a shipbrokering company also ascribed themuted activity to owners holding back:“There’s a big mismatch in rates betweenthe [Tubarao-to-Qingdao route] and the[Western Australia- to-Qingdao route], soa lot of owners are ballasting their shipstowards Singapore to bide some time beforemaking a decision and committing to theroute of their choice,” he added.
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