Singapore—Capesize freight rates moved in different directions for Pacific and Atlantic trips amid another sluggish day of trading. "A firm Atlantic and Brazil market and a soft Pacific market, it seems," a ship-operating source said. The forward freight agreement market was supported by bullish sentiment in Atlantic market. The Pacific market was depressed by a developing cyclone heading to West Australia. Australian iron ore miners "don't seem to be doing much as they are monitoring the cyclone," a shipbroker said.
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