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 Q3 2014
Chemical shipping sources in the Americas expect a flat freight market for the next few months, with a common view being that rates and demand are now scraping the bottom. There is little hope for near-term improvement, but with continued shale gas development in the US and dozens of new petrochemical plants that have been announced, shippers expect more petrochemical exporting from the region - the question is when.
In Europe, demand for chemical shipments is expected to decline during Q3, with the summer holiday season bringing low consumption. With demand during the first half of 2014 weaker than normal, it is thought that this year’s summer slowdown will be more pronounced than normal. Shipping traffic to the US and Asia are also expected to remain quiet, with robust freight rates to East Asia and low demand from the US limiting arbitrage opportunities.
Asian chemical freight rates are expected to improve in the quarter because most plants that had maintenance shutdowns in Q2 will come back online during this period. Ship brokers and owners are optimistic that Iran sanction relief will be extended and result in more cargoes coming out of Iran.
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.
Price forecast services
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 pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
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24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
ICIS Chemical Business magazine
If you want to keep updated on the factors driving price movements in the global chemical markets, ICIS Chemical Business provides a summary of the information you need to support your business decisions. Every week, our global team of experts digests and summarises the key issues and their potential impact on the market – all in one magazine.
Market Studies & Analysis
ICIS publishes global annual studies, as well as dedicated reports on domestic China markets, which will help you navigate the complex petrochemical, oil and gas industries in the medium-to-long term. Our studies and reports provide expert analysis and forecast data on supply, demand, production and capacity for specific markets.
Supply & Demand Data
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
Training & Conferences
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
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ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
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ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
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.