The U.S. Gulf is saddled with a lot of open space keeping freights soft. Europe had another quiet week, as did Asia.
U.S. Gulf of Mexico
It is very apparent that cargo volumes from the U.S. Gulf have declined as many of the ships that were open last week are still open this week. The flooding of the Mississippi and the restrictions imposed on traffic, both sea and river-going, are probably the main causes and have implications on traffic through ports other than New Orleans.