Intra-southeast Asia aroms shipping freights rise on strong demand

20 January 2012 03:23  [Source: ICIS news]

SINGAPORE (ICIS)--Shipping freights for intra-southeast Asia shipments of aromatics have increased because of strong demand for aromatics and the tight availability of vessels, shipping sources said on Friday.

Freights for such shipments rose to $22-25/tonne (€17-19/tonne) in the week ending 20 January from $20-23/tonne in early January, according to the sources.

“Intra-southeast Asia freights have firmed because of [the] tight availability of southbound vessels and there are still prompt-to-early-February benzene shipping enquiries in the market,” said a shipbroker.

Freights rose in line with a 3,000 tonne benzene shipment that was heard concluded at $25/tonne for end-January loading from Map Ta Phut, Thailand, to Singapore as well as another 3,000 tonne benzene shipment from Map Ta Phut to Singapore that was concluded for second-half January at $25/tonne.

In addition, a 9,000 tonne benzene shipment for loading in end-January from Map Ta Phut to Singapore was heard done at $22-23/tonne, the sources said.

($1 = €0.77)

By: Lester Teo

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