Capesize dry bulk market positive as rates rise across the board

摘要

The Capesize market in the Asia-Pacific and Atlantic regions ended the week ona positive note, with freight rates increasingacross the board.While some participants were worriedabout the weakening iron ore prices,most remained bullish, believing Capesizefundamentals were still healthy. "Thetonnage situation remains tight, so there'sstill upward potential — sentiment amongthe [participants] remains healthy in bothbasins, and we're not seeing a whole lot ofballasters, so there's little reason to believe themarket will not at least hold at these levels," aHong Kong-based source with a ship owningcompany said.