There is still a lot of cargo being generated globally, but rather alarmingly there is not that much so far that requires April shipment. It may be due to new pricing for the second quarter, for which discussions will only commence at the end of March at the NPRA petrochemical conference in San Antonio, Texas. The dates are uncomfortably close to the Easter holidays too.
U.S. Gulf of Mexico
The situation in the U.S. Gulf is much the same as before. Prompt space is very scarce, especially on ships that are fully open. However, there are a couple of vessels showing up in the last ten days of March. The way it looks at the moment is that transatlantic eastbound will snap them up.
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