Capesize freight rates supported by thin ballaster list

摘要

Singapore—The Capesize market saw freight rates firming up April 15, especially on Brazil-to-China trips. “Seems [like] the market is on fire again,” a Greek shipbroker said. On the paper side, the freight forward agreement was booming, which lifted owners’ confidence. Meanwhile, the physical market saw most market players on the sidelines during Asian trading hours for Pacific trips, after three busy trading days with lots of fixtures concluded. “Today I do not see many offers, owners are holding firm at the moment,” a shipbroker said.