Capesize freight rates decline as markets start week sluggishly

摘要

Capesize markets had a slowstart to the week with activity in the Asia-Pacific and the Atlantic regions reflectingsofter freight rates.With Singapore out Tuesday for theDeepavali holiday, the market moved at atardy pace Monday. In the Pacific region,among the miners, only Rio Tinto was in themarket for Capesize vessels to move iron orefrom Western Australia to China. News of thederailment of a freight train carrying BHP'siron ore further dampened the mood of themarket, according to market sources.