Shipping routes suffer slowdown

Gibson, Jane
May 2006
ICIS Chemical Business;5/15/2006, Vol. 1 Issue 19, p35
Trade Publication
The article reports on the rates of product shipment in the chemical industry as of May 2006. Shipment activity has dipped but is generally in line with expectations, with May typically subdued after the winter months. Freight rates have hardly wavered over recent weeks, with a 2000 tonne shipment of easy chems moving from Rotterdam-Tees still at € 16-17/tonne. A 3000 tonne benzene shipment was €28/tonne from Aliaga to West Coast, Italy for 5-8 May, while 2500 tonne methanol moved from Arzew to Ravenna for €130 000 from 9-10 May. Shipments are generally hampered by tight prompt space, and rates have risen to the high-$50s/tonne from Middle East to Asia. INSET: FAR EAST ROUTE LACKING SOME OF ITS PROMISE.


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