U.S. cargo volumes dropped away, exposing the next round of prompt open tonnage in the U.S. Gulf of Mexico. Europe had another steady week, while Asian markets continue to excite on some routes.
U.S. Gulf of Mexico
Volatile commodity pricing has been blamed for some of the downfall of the U.S. market this past week, with traders backing off from deals for fear that crude oil could go lower. At the same time, however, we have seen assorted reports suggesting that tight commodity supply in the United States may be another reason for the lack of demand.
Logistics & Distribution Market Topics Shipping