Most trading areas went off the boil over the Easter holidays, but Europe seems to be taking an extended break as all routes out of Europe have been very quiet this week. The United States has taken a breather too, whereas Asia is gradually looking busier.
U.S. Gulf of Mexico
There has been a palpable drop in the amount of business quoted out of the United States over the past couple of weeks, and the evidence lies in the number of ships that remain fully open in the U.S. Gulf still within April.
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Last month, it was exceedingly rare to see such positions, but now there are around half-a-dozen within the U.S. Gulf and Caribbean. So far, it has not hit freight rates as there are equally a number of cargoes quoted that prefer April loading. Its just a question of marrying the right ship to the right cargo at a freight level that pleases both sides.