Asia deep-sea naphtha supply inflow from US may face delays

13 December 2013 09:27 Source:ICIS News

SINGAPORE (ICIS)--Asia may face delays in deep-sea naphtha deliveries from the US because of shipments stuck in the US Gulf coast, traders said on Friday.

Some vessels, which were transporting naphtha supplies that were bound for Asia, might be facing rough weather conditions in the Panama Canal, the traders said.

The volumes could not be ascertained.

“It looks like the US Gulf coast ships at Panama Canal are stuck due to fog,” one trader said.

Ships from the Atlantic Ocean cross the Panama Canal to the Pacific Ocean.

“The delay could be from three weeks to a month,” another trader said.

Owing to the rough wintry seas, Asia may receive up to 2m tonnes of arbitrage naphtha supply from the western markets during January, including volumes which are likely to be spilled over from December.

The shipments would be rolled over from the second half of December to January.

Previously, the deep-sea inflows were being estimated at 1.5m tonnes for arrival in January - mostly heavier grade naphtha, hailing from northwest Europe, the Mediterranean, Russia and the US.

By Felicia Loo