Severe weather delays chemical tankers in Baltic ports

30 November 2010 16:57  [Source: ICIS news]

LONDON (ICIS)--Cold temperatures, heavy snow and high winds have delayed chemical tankers calling at ports in the Baltic Sea in the past week, traders and producers said on Tuesday.

A Russian producer of base oils spoke of a five-day interruption to exports because vessels had backed up at Baltic Sea ports, especially those in Latvia and Lithuania.

Congestion at railway stations in Baltic ports was delaying rail tank shipments from inland production sites.

Cold weather was also lengthening the time needed to load base oils and other products onto ships in Baltic Sea ports, a trader said.

One vessel fixed to load base oils at a Baltic port was delayed by three days. The trader expected that the extra cost caused by the delays would ultimately be reflected in higher free on board (FOB) Baltic Sea prices for base oils.

Base oils produced in Russia and former Soviet states are frequently exported through Baltic Sea ports, including Liepaja, Svetly, Riga, Tallinn and Gdansk.

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By: James Mills
+44 208 652 3214



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