21 June 2013 05:07 [Source: ICIS news]
MUMBAI (ICIS)--The haze in Singapore is not affecting chemical shipping activity, at least two shipping sources said, but they added vessel delays are likely if weather conditions worsen.
The three-hour average Pollutant Standards Index (PSI) was at 400 at 11:00 Singapore time (03:00 GMT) on 21 June, a historical high. A PSI reading above 300 indicates hazardous air quality.
“Surveyors are still going up vessels. Authorities won’t close ports for now, but may issue a work stop order if the PSI worsens. This may cause delays,” a Singapore-based source said.
However, with subdued shipping activity in Singapore, delays will not be a “long drawn affair”, said another Singapore-based source.
“There are few chemical tankers in Singapore now. So, the situation won’t be so bad after all, even with delays,” the source added.
Freight rates for South Korea to Singapore were assessed at $33-37/tonne (€25-28/tonne) for 5,000 tonne vessels for the week ended 14 June.
Freight rates for Singapore to Bangkok for 3,000 tonne vessels were assessed at $28-31/tonne during the same period.
($1 = €0.76)
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