TITLE

Shipping routes suffer slowdown

AUTHOR(S)
Gibson, Jane
PUB. DATE
May 2006
SOURCE
ICIS Chemical Business;5/15/2006, Vol. 1 Issue 19, p35
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
21046811

 

Related Articles

  • Drybulk Freight Rates Moderate. Morris, Gregory DL // Chemical Week;5/5/2004, Vol. 166 Issue 15, p29 

    Reports on the decline of drybulk chemical ocean chemical freight rates. Performance of the Atlantic and the Pacific routes; Factors that influence the decline of freight rates.

  • On the wrong side of the tracks. Kamalick, Joe; Boswell, Clay // ICIS Chemical Business Americas;11/20/2006, Vol. 270 Issue 19, p28 

    The article discusses the move of U.S. chemical manufacturers to join with rail shippers in an effort to improve railroad service in the country. American Chemistry Council managing director for federal affairs Marty Durbin comments on the importance of the improvement to the industry....

  • World Container Index Goes Live.  // World Trade: WT100;Oct2011, Vol. 24 Issue 10, p16 

    The article reports that the World Container Index (WCI), which is the first Europe-based evaluation of container freight rates, goes live that caters a new scheme of price discovery and risk management solutions in the container freight market.

  • Freight costs continue to rise; increasing accessorial charges affecting freight rates.  // Canadian Transportation & Logistics;May2012, Vol. 115 Issue 4, p43 

    The article reports on the results released by the Canadian General Freight Index (CGFI) on the cost of ground transportation for Canadian shippers reaching 0.8% in January 2012 which is 9.5% above the February 2011 result in Canada.

  • Freight Index On And Up.  // Bar-Code Border;5/1/2012, Vol. 10 Issue 231, p8 

    The article informs about the increment in the Canadian General Freight Index in the month of February 2012.

  • Deep Sea Shipping Rates Show Signs of Weakening. Milmo, Sean // Chemical Market Reporter;1/24/2005, Vol. 267 Issue 4, p6 

    Reports that international deep sea shipping rates have declined during the last few months of 2004, raising hopes in the European chemical industry that a sharp rise in freight charges may have peaked. Decrease may be short-lived for chemical companies; Tightening in the supply-demand balance...

  • PACIFIC CARRIERS EMBRACING LEAN INVENTORY. Mongelluzzo, Bill // Journal of Commerce (1542-3867);1/10/2011, Vol. 12 Issue 2, p68 

    The article explores the outlook for U.S. carriers in the trans-Pacific in 2011. According to the author, U.S. importers are predicted to pay higher freight rates in 2011 on shipments from Asia. However, vessel capacity and equipment availability are expected to pose no problems. Meanwhile,...

  • Feast or famine. Leach, Peter T. // Journal of Commerce (1542-3867);1/15/2007, Vol. 8 Issue 2, p12 

    The article discusses the Intra-Asia trade. The emergence of this trade is fueled by the growth of the Chinese market. The intra-Asia trade serves as a supply chain for shipment of raw materials and unfinished goods. Despite the high demand for cargo space in the market, freight rates are still...

  • DAT: Spot-market van rate spikes. Cullen, David // Hay & Forage Grower Exclusive Insight;2/28/2014, p1 

    The article discusses load volume data and freight rates reported by DAT as of February 22, 2014. Topics discussed include the increase in the national average spot-market van freight rate and load volume compared to 2013, the overall load volume and national average freight rate for reefers,...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics