Rates are unchanged across the board in the U.S. market. Europe continues to see an element of tightness on the long haul routes, and in Asia there is still a remarkable amount of demand prior to the holidays.
U.S. Gulf of Mexico
It has been another steady week on the U.S. market with no major changes to report. Gulf-to-Far East has not been particularly busy on the spot side of things, apart from some enquiries for larger volumes of aromatics, yet space is not readily available until second-half February anyway.
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Transatlantic eastbound presents a similar situation. There are precious few prompt candidates heading to Europe to really test the levels, but unlike the Far East there are a number of spot market enquiries for styrene and ethanol to Northwest Europe. Most owners indicate freights of around $50/t for 5,000 ton parcels from Houston to Rotterdam.