Iran-origin petchems heading to Asia via STS transfer in UAE

22 May 2012 09:54  [Source: ICIS news]

SINGAPORE (ICIS)--Iranian-origin petrochemicals are now being shipped to India and China via ship-to-ship (STS) transfer at Fujairah, in the United Arab Emirates (UAE), a Middle East-based shipowner said on Tuesday.

“There are shipping enquiries from brokers to load Iran-origin petrochemicals via STS at UAE ports, thereafter the cargoes would be discharged to India and/or China,” the shipowner added.

A shipping enquiry surfaced on Tuesday for shipments of methanol, benzene, toluene, xylene (BTX), caustic soda solution, ethylene dichloride and styrene monomer (SM) ranging from 13,000–40,000 tonnes. The cargoes would be loaded via STS transfer at Fujairah, UAE, thereafter discharging in India and/or China.

“Such enquiries have been around for a while, but it remains to be seen if they can be concluded because of legal concerns over issuance of the certificate of origin from the UAE government,” a shipping source said.

Shipping freight costs for such operations could not be determined.

STS transfer is the transfer of cargoes between seagoing ships fastened alongside each other, and has to comply with international rules and regulations for safe operations.

By: Lester Teo

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