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CHARTER REPORT

A succession of holiday periods, plus continuing economic and financial problems in Asia, did not give the market a chance to gain any real momentum in January. Although some business was concluded in Asia and new requirements for March-May were under discussion with charterers from that region, owners still feared that overall the volume of business may be reduced in that area. As a consequence, some owners were keen to position their tonnage into the Atlantic at the next best opportunity.

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