The ICIS Shipping report, or Chemical Tanker Shipping Report, is published weekly in the Americas, Asia and Europe.
Each report contains a number of regional price quotes, as well as information on shipping fixtures and enquiries both within the region and for export. News on production and crude oil movements is also included when applicable. Our up-to-date pricing data and comprehensive background information enables you to make crucial commercial decisions.
Chemical Tanker Shipping overview Transcript
ICIS publishes the only independent reports on the chemical tanker shipping market, publishing three weekly reports on the shipment of chemicals loading from Europe, the US and Asia.
All three reports focus on small chemical tankers generally up to 50,000 tonnes, and include freight rate assessments as well as commentary on the spot market.
Prices are always changing, for example, before the global economy went into recession in 2008 there was a great boom in chemical tanker shipping. However, since then demand for chemical tankers has almost evaporated.
Fewer products are now being shipped and there is now less need to move products from one region to another.
New tankers ordered prior to the global economic downturn continue to enter the market, adding to the already well-supplied tonnage.
Persistently high crude oil prices continue to maintain an upward pressure on the cost of bunker fuel, leaving ship owners with spiralling operating costs.
Many believe the group of emerging economies known as the BRIC countries- Brazil, Russia, India and China- may well be areas that go from strength to strength, and could be where firmer freight rates are achieved in the future.
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Chemical Tanker Shipping news and market information products from ICIS
We offer the following regional Chemical Tanker Shipping analysis and news coverage to keep you informed of factors and developments affecting prices in the Chemical Tanker Shipping marketplace.
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Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Chemical Tanker Shipping
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Insight and analysis of factors driving prices.
Chemical Tanker Shipping: Market overview
Updated to Q3 2016
The European shipping market is expected to remain quiet during the first half of Q3 with activity hoped to pick up in September. Trading activity is likely to slow because of the onset of the summer holiday season, with the sluggish trend started at the beginning of the year continuing. Rates have decreased in recent months and it is unclear whether these have now bottomed-out or whether they could drop further.
Transatlantic rates from the US began to slip in May and June, which is not a good sign for the dead-of-summer months, but brokers say contract nominations remain strong. Shipping sources expect chemical freight rates to remain fairly steady in coming months because of increased production in key exporting countries.
Chemical freight rates in Asia will remain under pressure as weakening macroeconomics could hamper trading activity, reducing demand for spot tonnage. Larger chemical tankers will see little relief as cargo volumes will be reduced amid decreased import demand import due a spate of shutdowns in China ahead of the G20 summit.
News & analysis
Chemical Tanker Shipping news & analysis
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settlements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
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