BARCELONA (ICIS)--Shippers of global bulk liquid chemicals are suffering from oversupply, poor demand and low rates in contrast to the container market which is very buoyant.
- Bulk liquid chemical shipping market depressed
- Oversupply caused by petroleum, jet-fuel carriers switch to chemicals
- Demand low due to a shortage of product to transport
- Some owners dry-dock ships
- Tanker market may stabilise as new vessel orders are low
- Container market tight with strong demand, shortages and soaring rates
- More regional chemical markets develop
- Strong arbitrage opportunities for Asia polypropylene (PP)
- Potential default of China Evergrande may signal property market problems
- President Xi’s Common Prosperity philosophy unlikely to hurt chemicals
In this Think Tank podcast, Will Beacham interviews Marta Fern, ICIS senior shipping editor, Nigel Davis and ICIS Insight Editor and John Richardson.
Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.
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