Monday's winter storm that paralyzed the US Gulf has led to a fear of force majeure pushing more sub-capesize bulkers into the market, but industry watchers dispelled that notion.
The weather event blanketed most of the Southeast with snow, dropping as much as 3 inches of white stuff in Houston and other major cities in the gulf region.
Frigid temperatures have gripped the US Gulf since then, leaving thousands of homes and businesses without power and services immobilised.
