Asian Chemical Connections
The Asia bulk chemical shipping industry will be challenging through 2012 because of stagnated freight rates, increased operating costs and oversupply of vessels amid a poor global economic outlook for petrochemicals.
Freight rates for prompt shipments of feedstock and specialty chemicals across key Asian routes in 2011 were largely stable to soft, triggered by a weak export market with no signs of recovery observed in the first quarter of 2012.
INSIGHT: Ethylene cycle upturn may already be challenged
“The capacity that is being brought on-stream in China is being run a lot harder than some had expected.”
VIDEO: ICIS Special Report - C3 value chain, early autumn