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)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|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