US-Asia chem freight rates rise $5/tonne on tightening space

25 January 2013 18:08  [Source: ICIS news]

HOUSTON (ICIS)--US Gulf-to-Asia chemical freight rates rose $5/tonne (€4/tonne) this week on tightening vessel space from paraxylene and other aromatics volumes, brokers said on Friday.

Rates on the USG-Asia route rose to $70-75/tonne on cargoes of 5,000 tonnes or more, brokers said, compared with $65-70 previously.

For smaller cargoes of 2,000 tonnes or larger, rates increased to $80-85/tonne, compared with $75-80 previously.

The SSY Base Oils Report described the route as “moderately busy,” though several vessels are still available for parcels up to 5,000 tonnes.

Brokers said the route added two paraxylene cargoes going from the US Gulf to Asia and a small parcel of yellow grease headed from Tacoma, Washington, to North Korea.

($1 = €.75)

By: Lane Kelley
+1 713 525 2653

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