A slowdown in reported capesize fixtures and disappointing deals prompted physical rates to tank and led to a sell-off in the freight derivatives market on Monday.
The weakening capesize market has also had a knock-on effect on the panamax market, which also saw a decline in freight rates and selling of paper on Monday.
Kris Payne, senior capesize forward freight agreement (FFA) broker at derivatives specialist Freight Investor Services, told TradeWinds that "the...
