It is a tight picture in the U.S. Gulf of Mexico for February loading. Europe is enjoying a strong performance in the local market, but not much is happening deep-sea. Asia is quiet on both coastal and long-haul routes.
U.S. Gulf of Mexico
The fact that there are few imports into the United States is perhaps the main reason why freights have not gone down on export cargoes. Essentially, the pool of open tonnage grows a little but then recedes as ships are fixed away, maintaining a steady balance. Much the same as freight rates have done over the past week.
Get alerts when new Sustainability Blog articles are available.