Its been another disappointing week for ship owners. Cargo volumes have remained obstinately low across the globe, and more or less the same total number of ships has no employment this week as last week. A few unfortunate vessels have even sat out the whole week idling at anchor. Routes out of Asia have been hardest hit. For most of 2008, high demand in the West for Asian chemicals caused freights to rocket. This week saw as much as 10 percent knocked off freights on some routes back to Europe or the United States.
U.S. Gulf of Mexico
Not quite as many prompt vessels are reported open in the U.S. Gulf this week, but given the minimal number of cargo enquiries seen, there is no real change to the overall situation. There are good possibilities to pick up part-cargo space on vessels scheduled from the U.S. Gulf to the Caribbean. We do see resistance from ship owners to further freight reductions from the U.S. Gulf to Santos.
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