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.
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