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The Port of Houston, the busiest in the nation in terms of foreign tonnage, is seen here during warmer weather. A snowstorm hit the US Gulf on Monday, rising fear of force majeure by shipowners who would not be able to take US export grains onto their ships as a result of the snow and ice at ports throughout the region. Photo: James Dillard/US Coast Guard

US Gulf's force majeure threat a 'short-term blip' for bulkers

Panamaxes and kamsarmaxes will most likely wait for port operations to return to normal, Jefferies analyst Randy Giveans said

19 February 2021 20:13 GMT Updated 20 February 2021 2:46 GMT

By Michael Juliano

Monday's winter storm that paralyzed the US Gulf has led to a fear of force majeure pushing more sub-capesize bulkers into

Bulkers

US Gulf's force majeure threat a 'short-term blip' for bulkers