Taiwan freight rates unlikely to go up due to tropical storm

21 August 2013 09:51  [Source: ICIS news]

SINGAPORE (ICIS)--Tropical Storm Trami is unlikely to push up freight rates in Taiwan, as it is expected to pass through the island without any significant impact, shipping sources said on Wednesday.

“Storm may bring rain, offices may be closed, but things will return to normal by Thursday or Friday,” a northeast Asian charterer said.

On Tuesday, Taiwan evacuated tourists from an island and deployed troops in anticipation of the storm.

Freight rates are around low $20s/tonne (€15/tonne) for 5,000 tonne vessels from South Korea to Taiwan, according to ICIS.

($1 = €0.75)

By: Muhamad Fadhil
+65 6780 4356

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