Chemical Tanker Shipping Prices, markets & analysis
If you buy or sell Chemical Tanker Shipping or related products, you need up-to-date global pricing data and the background information to help you understand it.
Our network of price reporters across Asia, Europe and the US enables us to deliver this. We publish their insights in our comprehensive daily and weekly price reports, plus we offer the news and analysis you need to put pricing information into context.
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.
How we can help
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.
Price Reporting – More information about the price reports we publish on Chemical Tanker Shipping
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Chemical Tanker Shipping
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Chemical Tanker Shipping
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Chemical Tanker Shipping: Market overview
Updated to Q4 2015
Shipping activity in Europe is expected to increase following a lull around the European Petrochemical Association (EPCA) meeting at the start of October. It was also suggested that a recent rally in crude oil prices may bolster activity within Europe. Exports from Europe to east Asia are expected to remain quiet as a result of lower interest in petrochemicals from China.
Rates from the US to Europe could soften as a result of a lack of firm cargoes noted in the market. Open vessel space on the return transatlantic westbound journey is expected to open up, but for now, healthy contractual nominations are helping to absorb open space along this route.
The softening demand for petrochemicals from China will continue to exert downwards pressure on spot activity in the northeast Asian region. Most players expect October and November freight rates to remain stable-to-firm ahead of the pre- and post-Christmas holiday slowdown.
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:
- Spot and contract price assessments
- Market commentary on trends and developments
- Transactions reported and confirmed
- Plant and production news
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
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Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Chemical Tanker Shipping, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.