In a repeat performance of last week, European markets have visibly tightened. The U.S. Gulf is extremely busy into Asia, but other trade lanes from the U.S. Gulf are flat. Asian markets meanwhile are performing well, but with no great excitement.
U.S. Gulf of Mexico
Demand for space, particularly into China, has acted like a large sponge and soaked up all the available space. November loaders are all full, with the next set of scheduled ships only available in the second half of December.
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