Chem, crude cargoes rise 8% on US inland waterways - US Army

13 October 2010 22:54  [Source: ICIS news]

HOUSTON (ICIS)--Chemical and petroleum shipments on US inland waterways rose 8% year over year from January through September, according to an indicator released by the US Army Corps of Engineers on Wednesday.

The indicator confirmed traffic reports at the Port of New Orleans, though the Louisiana site's figures covered only through the end of July.

Chemical exports from New Orleans rose 63% in the first seven months this year, totalling 939,401 tonnes, compared with 574,969 tonnes in the same period of 2009, said port spokesman Chris Bonura.

Bonura said the continuing decline of the US dollar versus foreign currencies also suggested the next few months could be strong for chemical producers shipping overseas.

"Now's a good time to export," Bonura said.

Recent chemical tanker traffic data from the Houston Ship Channel was not immediately available.

Petroleum and chemical shipments on US inland waterways rose 14% in September compared with the same month in 2009, according to a monthly indicator by the Corps' Waterborne Commerce Statistics Center in New Orleans.

The indicator tracks chemical and barge shipments on the Mississippi and Ohio river systems.

The Corps' data does not track specific chemicals or petroleum products each month, only as a generic group.

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By: Lane Kelley
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