Transatlantic eastbound rates slip $3/tonne on waning demand

07 June 2013 17:46  [Source: ICIS news]

HOUSTON (ICIS)--Transatlantic eastbound chemical freight rates slipped $3/tonne (€2.28/tonne) this week on waning demand, sources said on Friday.

Eastbound rates on 5,000-tonne shipments fell to $42-47/tonne from the previous $45-50/tonne, mostly because of softening demand.

The latest Odin Marine Group report noted a shipment of benzene, toluene and xylene (BTX) on the Southern Koala from Houston to Rotterdam at a freight rate of $42.50/tonne.

The Odin report said the rate was higher than the last one done but market sentiment seemed to be that rates would stay flat.

Rates on the eastbound leg for 2,000-tonne shipments remained unchanged, at $62-$67/tonne.

($1 = €0.76)

By: Lane Kelley
+1 713 525 2653

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