Pacific Capesize market inches lower while Atlantic basin in a standoff

摘要

Singapore—Capesize markets in the Pacific and Atlantic regions ended the week on a quiet note amid limited fresh shipping demand. Overall, market sentiment for the March window was firmer on the back of the improving Capesize FFA segment. Though the bunker market fell, the bunker price remained at a decent level to support shipping freight rates, market players said. Meanwhile, Capesize ships were observed trying to load Panamax stem cargoes for commercial benefits with Panamax freight rates still costly. “The Capesize market still sees support from a robust Panamax market, which helps digest some Capesize tonnage supply,” a shipoperating source said.