US Gulf to India chem tanker rates rise on tighter space

29 January 2010 18:32  [Source: ICIS news]

HOUSTON (ICIS news)--Chemical tanker freight rates for small shipments on the US Gulf to India route rose during the past week because space has begun to tighten, brokers said on Friday.

Though there have been no new fixtures reported on the route this week, brokers said the increasing number of inquiries had prompted a notional $5/tonne (€3.6/tonne) uptick on the high side on US Gulf-Mainport India freight rates for 2,000-tonne cargoes, bringing the rate to $100-110/tonne from $100-105/tonne.

One broker reported a rate of $112/tonne for small cargoes from Houston to Kandla, India, but others did not confirm. Another source reported a rate range of $105-110/tonne.

ICIS tracks only rates for 2,000 tonne shipments on that route.

($1 = €0.72)

To discuss issues facing the chemical industry go to ICIS connect

By: Lane Kelley
+1 713 525 2653

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly