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: End users not prepared yet to pay for sustainable palm oil products
“The customers want RSPO [material], but they don’t want to pay for it.”
VIDEO: ICIS Special Report - reasons behind 2014 VAM price surge