Asia Dry Bulk-Capesize rates to remain depressed as cyclone Debbie dampens freight markets

Freight rates for big capesize dry freight vessels on essential Eastern paths, which dropped to multi-week lows today, are most likely to stay depressed in the absence of Australian coal cargoes and also iron ore as well as coal from South Africa, brokers claimed. Coal shipments from ports consisting of Hay Point have been severely interrupted after Cyclone Debbie …