Because there is so little open tonnage in the U.S. Gulf of Mexico, rates look firm on the majority of routes out. Inter-European trades fared reasonably well over the past week, especially southbound into the Mediterranean. Asia, however, remains flat and overtonnaged.
U.S. Gulf of Mexico
The lack of space is really beginning to be felt in the U.S. Gulf. U.S. Gulf-to-the-Caribbean, for example, is virtually full for the rest of June. The same is true for U.S. Gulf-to-east coast Mexico, and indeed one key owner in this trade lane is already full through July.
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