Eastbound transatlantic freight rates rise again on tight space

11 October 2013 19:47  [Source: ICIS news]

HOUSTON (ICIS)--Eastbound transatlantic chemical freight rates rose this week for the third time in less than two months, on continued tight shipping space in the US Gulf, brokers said on Friday.

“Tonnage through the end of October is very tight,” said the latest report from Odin Marine Group. “Owners have to ballast ships in to make end (of) October dates, which is supporting strong freight levels.”

Rates on 2,000-tonne shipments going east increased to $70-75/tonne (€52-56/tonne) from the previous $65-70/tonne.

Rates also rose on 5,000-tonne cargoes to $55-60/tonne from $50-55 previously.

($1 = €0.74)

By: Lane Kelley
+1 713 525 2653

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