Capesize markets display volatility, routes disparity

摘要

Freight rates for the Asia Pacificand Atlantic Capesize routes moved inseparate directions Tuesday."We're seeing a large amount of volatilityin the spot market now, but I think on alonger run we'll probably see things even out around these levels," a shipbroker said.On market fundamentals, a ship operatorindicated a growing disparity in returnsbetween the Australian and Brazilian roundvoyages. According to the source, thecurrent market situation could cause someowners to rethink their portfolio decisionsand keep their vessels in the Asia Pacificregion, concentrating on shorter voyages.