The USG/Caribs service suffered from an excess of tonnage all month, mainly through poor contractual demand that forced owners out onto the spot market, even if it meant adding additional port calls in order to fill the ships. USG/EC.South America was well supplied with contractual business, but the route was almost devoid of any spot business at the beginning of the month, and volumes only built towards the later stages, with caustic, styrene, glycols and ethanol seen. Rates for 5,000t easy chems Houston/Santos were kept in the mid $40s/t.
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