Demand has kicked in after the initial uncertainty following the earthquake in Japan. Now that traders have a clearer picture of pricing, we see the markets in Europe and the U.S. Gulf of Mexico as distinctly busier, whilst Asian markets are no less active than before.
U.S. Gulf of Mexico
There has been a steady increase in the amount of trade generated from the U.S. Gulf. At one point it looked as there could be a surplus of tonnage in the area, but now it is rare to see a ship fully open in the U.S. Gulf. The Caribbean has produced a string of fixtures both in and out as the weather has cleared and the terminals have not been so congested.
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