Capesize market firms up mid-week

摘要

Singapore—The Capesize market maintained momentum March 3, with freight rates seeing solid increases on the key trading routes amid some fixtures reported. The short-term outlook is bullish as the freight forward agreement segment as continuously strengthened, which bolstered the confidence of owners. “[We saw] a rally similar to this two weeks ago. The only difference is that it looks much more sustainable now than two weeks ago,” a ship-owning source said.