Transatlantic eastbound chem freight rates slip again on inactivity

02 May 2014 21:13 Source:ICIS News

HOUSTON (ICIS)--Eastbound transatlantic chemical freight rates slipped again this week from thin trading between Houston and Rotterdam, brokers said on Friday.

Rates on 2,000-tonne shipments heading east fell by $3/tonne to $60-65/tonne from $63-68 previously. Freight charges on 5,000-tonne cargoes dropped by the same amount, to $45-50/tonne from the previous $48-53/tonne.

Eastbound transatlantic rates fell in March by $2/tonne.

Only two new fixtures on the route appeared this week, a parcel of benzene and some tallow and vegoil, both out of the US Gulf going to Europe and Turkey.

South America continued to dominate eastbound traffic crossing the Atlantic, accounting for 73% of the shipments, mostly vegoil-related cargoes.

By Lane Kelley