Capesize dry bulk freight market silent on price uncertainty

摘要

The Capesize markets in theAsia-Pacific and Atlantic regions were veryquiet on Monday.Market participants indicated there waslittle heard on trades and fixtures, as partieswere mostly holding back or merely collectingfreight ideas. A chartering source at a miningcompany said he had a relatively cautiousoutlook for the week: "Technically, looking atthe [Capesize to Panamax] ratio, it's rathernegative — at these levels we'll see more cargosplitting in the Atlantic, and that could exertdownward pressure on rates, but the marketfundamentals are different this time, so it's tooearly to really make a prediction."