Capesize freight markets close out the week on slight upswing

摘要

The Asia-Pacific and AtlanticCapesize markets ended the week on aslightly stronger note, as freight rates acrossseveral routes moved up Friday.A Singapore-based ship brokering sourceascribed the increase in rates to the strongerresistance levels in the market. “The freightrates have dropped again this week, and it’sthe usual end of the week lull, so owners werein their wait-and-see mode, so charterershave to chase a little if they wanted to getsomething done today,” He explained.