29 March 2010 18:46 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--The US-to-Asia route has attracted new competition, the Asia-based Koyo Kaiun chemical shipper, a broker said on Monday.
Koyo Kaiun’s Valentine, a 14,000 dwt (deadweight tonnes) vessel, will leave ?xml:namespace>
The Japanese shipper was inquiring with brokers for chemical shipments for the ship’s return trip to
“They’re trying to compete with Stolt and Odfjell going back to
Stolt-Nielsen and Odfjell are the two largest chemical shippers in the world, with most of their vessels devoted to contract of affreightment (COA) business.
Koyo Kaiun was also inquiring about a second ship it plans to follow with in May - the Xena, a 20,000 dwt vessel - bringing a palm oil cargo from Malaysia to the US Gulf.
Koyo Kaiun was founded in 1966 and has focused its 20-vessel fleet almost totally in Asia and the
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
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