The long holiday weekend meant a quieter week in Europe, while the Americas enjoyed a reasonable spell of activity. Asias market remains overtonnaged, but the threat of rising bunker fuel prices could put a stop to further rate erosion for the moment at least.
U.S. Gulf of Mexico
With relatively few cargoes being imported in the U.S. Gulf, the pool of ships available for any cargo in any direction has become smaller. Taking it a step further, most owners who do have ships in the U.S. Gulf are cautious about sending them to Asia or India-Middle East Gulf for fear of them not finding adequate employment afterwards. This then makes it harder to fix from the U.S. Gulf in those directions.
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