European trade has improved slightly, lifting freights by a dollar or so on some routes. The American market has been steady, but with no significant tonnage being fixed into the region space looks set to remain tight. Asia is a disaster for many ship owners unable to find any cargo with which to send their ships back to Europe or the United States to reload.
U.S. Gulf of Mexico
Nothing much has changed on the U.S. market. Cargo volumes are steady if unexciting. Rates however remain firm since there is not a lot of choice on which vessel to fix. Loading dates too tend to have to be arranged around ships already scheduled on a service.