Strike drives freight rates higher

Brice, Andy; Savvides, Nick
April 2007
ICIS Chemical Business;4/16/2007, Vol. 2 Issue 62, p37
Trade Publication
This article reports that fallout from the 17-day strike in Marseilles, France is still plaguing the chemical shipping business, with few vessels available. Rates have gone high, pricing many chemicals out of the market, according to shipping brokers. An estimate of €3 per tonne, or $4 per tonne, has been added to an 8,000-tonne cargo, a 12% increase over the end of March, pushing rates to around €28 per tonne on average for an intra-Mediterranean cargo.


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