06 February 2013 21:18 [Source: ICIS news]
HOUSTON (ICIS)--Chemical tanker arrivals on the Houston Ship Channel slowed during January, showing a gain of only 4% year on year after double-digit percentage monthly gains throughout 2012, according to data released on Wednesday.
There were 130 arrivals in January compared with 125 during the same month last year, according to data from the Greater Houston Port Bureau (GHPB), which tracks traffic on the waterway.
The data showed that the surge in chemical shipping on the channel that began in late summer of 2011 from a boost in refined products and chemical shipments has begun to level off.
Chemical tanker arrivals on the waterway fell on a month-to-month basis, dropping by almost 24% in January from 170 arrivals in December 2012.
Crude tanker traffic, which accounts for the greatest number of ships on the channel, fell by 9% during the month to 233 vessels, compared with 257 tankers in January 2012, according to the GHPB data.
Total ship arrivals on the channel also declined slightly to 670 vessels in January from 672 vessels in January 2012.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections