The US Petroleum Coke market displayed remarkable stability throughout March xxxx which stemmed from a balanced equation as demand remained steady, while supply followed suit. This even keel, however, masked underlying tensions within the shipping sector. The month began positively for Supramax ship owners in the US Gulf Coast (USG) region. Tight tonnage availability for immediate voyages led to rising freight rates on key routes. However, this enthusiasm was short-lived and by mid-March, the market reached a stalemate. An influx of new vessels entered the scene, coinciding with a steady stream of fresh Petroleum Coke cargoes. This created a wait-and-see approach, with charterers hesitant to commit while owners held firm on their pricing expectations.
March xxxx ended with an unchanged pricing dynamic for Petroleum Coke in the US market after experiencing a significant downtrend in the previous month. The month concluded on a somewhat negative note as...
