December chem ship arrivals on Houston Ship Channel rise 58%

06 January 2012 22:45  [Source: ICIS news]

HOUSTON (ICIS)--Chemical tanker arrivals on the Houston Ship Channel in December jumped almost 58% year on year, according to data released on Friday.

The number of chemical vessels that entered the Texas waterway totalled 115 last month, compared with 73 in December 2010, according to data from the Greater Houston Port Bureau (GHPB), which tracks ship movements on the channel.

December marked the third straight month that the number of chemical tankers entering the waterway increased by more than 50%.

In November, 99 vessels arrived on the ship channel, a 50% increase over the November 2010 total. In October, the number of chemical tankers increased 65% on the waterway.

The big year-end increase reflects the traditional push by chemical producers to move out inventory for year-end tax purposes, sources said.

For all of 2011, chemical tanker arrivals on the waterway totalled 933, up by 15% over 808 in 2010.

The only other larger totals applied to crude tankers (3,558) and container ships (1,037). The number of oil tankers on the ship channel declined by about 4%, and total container vessels increased 3%, according to the GHPB statistics.

Paul Hodges studies key influencers shaping the chemical industry in his blog, Chemicals and the Economy

By: Lane Kelley
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